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4061 Irving Pl 6 Unit Apartment Building Offered at $2,350,000 at a 5.17% Cap Rate Culver City, CA 90232
INVESTMENT HIGHLIGHTS
- Just a half block from the heart of vibrant Downtown Culver City’s shops, dining, and entertainment.
- Large site offering multiple options for future expansion, redevelopment, or value-add investment.
- Easily accessible from the 405 freeway and the Westside.
- First time on the market in over 50 Years – A rare ownership opportunity in one of LA’s most desirable rental markets.
- Three units have been thoughtfully updated, and the building has been meticulously cared for.
- Close to West LA College (12,000 students) as well as employers including Sony, Apple, HBO, and TikTok.
EXECUTIVE SUMMARY
Just a half block from the vibrant heart of Downtown Culver City, 4061 Irving Place offers an exceptionally rare ownership opportunity for the first time in 50+ years. Located in one of Los Angeles’ most desirable rental markets, this meticulously cared-for property features three thoughtfully updated units on a large site, providing multiple pathways for future expansion, redevelopment, or value-add investment. One of the six units is a freestanding bungalow-style house, which commands higher rents. Ideally positioned near the 405 and the Westside, the location offers unbeatable convenience, with West LA College and major employers such as Sony, Apple, HBO, and TikTok just minutes away.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,350,000 | Lot Size | 0.29 AC |
| Price Per Unit | $391,667 | Building Size | 3,920 SF |
| Sale Type | Investment | Average Occupancy | 83% |
| Cap Rate | 5.17% | No. Stories | 2 |
| Gross Rent Multiplier | 13.36 | Year Built | 1921 |
| No. Units | 6 | Parking Ratio | 1.79/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | CCR4 | ||
| Price | $2,350,000 |
| Price Per Unit | $391,667 |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| Gross Rent Multiplier | 13.36 |
| No. Units | 6 |
| Property Type | Multifamily |
| Lot Size | 0.29 AC |
| Building Size | 3,920 SF |
| Average Occupancy | 83% |
| No. Stories | 2 |
| Year Built | 1921 |
| Parking Ratio | 1.79/1,000 SF |
| Zoning | CCR4 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (87)
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4061 Irving Pl
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