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8929 Hubbard St 4 Unit Apartment Building $4,495,000 ($1,123,750/Unit) 4.56% Cap Rate Culver City, CA 90232
Investment Highlights
- Pride of Ownership Asset
- Free From Local & State Rent Control Laws!
- Minimal Owner Operating Expenses
- Prime Culver City Location | Superb Rental Location
- Minutes From Metro E Line Which Provides Easy Access to Santa Monica, USC, & DTLA
- Condo-Style Residences
Executive Summary
This modern development blends contemporary architecture with highly functional layouts, offering both 2-bedroom and 3-bedroom floor plans ideal for residents seeking comfort, style, and convenience. Each residence is crafted with elevated finishes, generous natural light, and open-concept living spaces that seamlessly connect kitchen, dining, and lounge areas—perfect for modern lifestyles. In-unit laundry and spacious bedrooms provide an exceptional living experience. Sustainability is built into the foundation of the property, with solar panels installed to reduce energy usage and help keep operating expenses minimal. With limited owner expenses, this low-maintenance asset is an attractive option for both long-term investors and owner users.
Financial Summary (Actual - 2025) 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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,495,000 | Property Subtype | Apartment |
| Price Per Unit | $1,123,750 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 4.56% | Lot Size | 0.13 AC |
| Gross Rent Multiplier | 16.03 | Building Size | 4,764 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Zoning | CCR2YY | ||
| Price | $4,495,000 |
| Price Per Unit | $1,123,750 |
| Sale Type | Investment |
| Cap Rate | 4.56% |
| Gross Rent Multiplier | 16.03 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 4,764 SF |
| No. Stories | 2 |
| Year Built | 2025 |
| Zoning | CCR2YY |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | - | 882 - 1,350 |
| 3+3 | 2 | - | 1,175 - 1,357 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 4206-017-023 | Total Assessment | $1,971,557 |
| Land Assessment | $1,522,729 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $448,828 | Tax Year | 2025 |
Property Taxes
Parcel Number
4206-017-023
Land Assessment
$1,522,729
Improvements Assessment
$448,828
Total Assessment
$1,971,557
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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8929 Hubbard St
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