Villa Isabella 4821 Sepulveda Blvd 36 Unit Apartment Building $15,200,000 ($422,222/Unit) 4.05% Cap Rate Culver City, CA 90230

KW Commercial and Lee & Associates are pleased to present the Villa Isabella, a thirty-six (36) unit trophy multi-family property located at 4821 Sepulveda Blvd in Los Angeles (Culver City postal address). This 38,930 square foot property is situated on two parcels totaling 26,830 square feet of land.
Villa Isabella has been owned and operated by the same family for more than 30 years. The unit composition of the property features thirty-one (31) Two Bedroom-Two Bath units and five (5) One Bedroom-One Bath units, set up around a beautifully landscaped central courtyard area.
The property has 38,930 square feet of building area (per county title records) and is a 3-story woodframe/stucco structure built on top of semi-subterranean, gated parking. There are a total of 78 parking spaces, which may allow the property to be converted to condominiums in the future (Buyer to verify).
The building’s oversize units boast tenant amenities such as central A/C and heating, dishwashers, gas stoves, fireplaces, and balconies and are served by an elevator. The apartment homes are individually metered for gas and electrical utilities, thus controlling expenses for a new owner. The property is not subject to Los Angeles City rent control and is only subject to California State (AB 1482) rent control.