3840 Overland Ave | Culver City, CA 90232
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- LoopNet Team
3840 Overland Ave
Culver City, CA 90232
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Prime Culver City Location – Situated at the Mar Vista border, offering immediate access to fine dining, shopping, and premier entertainment.
- Owner-User Potential – Spacious 3BR / 2BA residence with two private garages and in-unit washer/dryer. Delivered vacant, ideal for immediate occupancy
- Turnkey Investment – Stabilized asset delivering an immediate 6% CAP rate, with upside potential.
- Walkability – Exceptional 94 Walk Score, ensuring direct pedestrian access to countless lifestyle amenities.
- Well-Maintained Property – Excellent condition w/ recent capital improvements, including new roof, updated electrical sub-panels, and seismic retrofit
- Attractive Unit Mix – (3) 1BR/1BA, (1) 2BR/1.5BA, and (1) 3BR/2BA, providing diverse rental appeal.
Property Facts
| No. Units | 5 | Building Size | 5,193 SF |
| Property Type | Multifamily | Average Occupancy | 80% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Lot Size | 0.12 AC | ||
| Zoning | R5-1, Culver City - restricted Density Multiple Dwelling | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,193 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | R5-1, Culver City - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $2,075 | 750 |
| 2+2 | 1 | $2,372 | 1,000 |
| 3+2 | 1 | $4,750 | 1,900 |
Property Taxes
| Parcel Number | 4208-009-065 | Improvements Assessment | $184,425 |
| Land Assessment | $461,081 | Total Assessment | $645,506 |
Property Taxes
Parcel Number
4208-009-065
Land Assessment
$461,081
Improvements Assessment
$184,425
Total Assessment
$645,506
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