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4061 Wade St
Los Angeles, CA 90066
Wade Street Apartments · Multifamily Property For Sale
·
10 Units
Investment Highlights
- 10 units on an expansive 15,800 SF lot with potential to add up to 8 detached ADUs (Buyer to verify)
- 5.39% initial cap rate with ±15% upside in income
- Situated within the sought-after Culver City school district and municipal jurisdiction
- Attractive low-interest rate, assumable loan delivering a 7.5% Year 1 return
- Desirable mix of all Two-Bedroom units
- Premier Culver West location near Mar Vista, Marina del Rey, and Venice
Property Facts
| No. Units | 10 | Building Size | 7,996 SF |
| Property Type | Multifamily | Average Occupancy | 90% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1953 |
| Building Class | C | Parking Ratio | 1.75/1,000 SF |
| Lot Size | 0.36 AC | ||
| Zoning | CCR3A* - Multiple Residential | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 7,996 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | CCR3A* - Multiple Residential |
Amenities
Unit Amenities
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Gated
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 800 |
Property Taxes
| Parcel Number | 4231-028-015 | Improvements Assessment | $690,823 |
| Land Assessment | $1,004,839 | Total Assessment | $1,695,662 |
Property Taxes
Parcel Number
4231-028-015
Land Assessment
$1,004,839
Improvements Assessment
$690,823
Total Assessment
$1,695,662
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