6-Unit Value-Add Opportunity 3735 Cardiff Ave 6 Unit Apartment Building $1,750,000 ($291,667/Unit) 4% Cap Rate Los Angeles, CA 90034

Marcus & Millichap is pleased to present the opportunity to acquire a six-unit multifamily property located at 3735 Cardiff Avenue in the highly desirable Palms / Culver City submarket of Los Angeles, California. Built in 1968, the ±5,010-square-foot building is situated on a ±6,752-square-foot lot and features a favorable unit mix of one studio, four one-bedroom units, and one large two-bedroom unit.
The property provides immediate value-add potential through interior renovations, common area upgrades, and operational efficiencies. Current in-place rents are significantly below market, with pro forma income demonstrating the ability to increase NOI from $70,029 to $113,237 annually, translating to a market cap rate of 6.47%.
Located just steps from Downtown Culver City and within minutes of Sony Studios, Ivy Station, and the Metro Rail, the asset benefits from excellent walkability, strong tenant demand, and historically low vacancy rates in a supply-constrained rental market. With eight on-site parking spaces and long-term repositioning upside, this offering represents an attractive opportunity for investors seeking a bite-sized, well-located Los Angeles multifamily investment.