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Significant Price Adjustment - $400K 8929 Hubbard St 4 Unit Apartment Building $4,095,000 ($1,023,750/Unit) 5.43% Cap Rate Culver City, CA 90232
Investment Highlights
- Owner Occupied & Investor Opportunity!
- New Construction, 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
Discover Culver City’s newest boutique multifamily offering at 8929 Hubbard Street, featuring a collection of thoughtfully designed brand new condo style residences in one of the Westside’s most vibrant and walkable neighborhoods.
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.
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.
Data Room Click Here to Access
- Offering Memorandum
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 | $4,095,000 | Apartment Style | Low-Rise |
| Price Per Unit | $1,023,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 5.43% | Building Size | 4,764 SF |
| Gross Rent Multiplier | 14.6 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | ||
| Zoning | CCR2YY | ||
| Price | $4,095,000 |
| Price Per Unit | $1,023,750 |
| Sale Type | Investment |
| Cap Rate | 5.43% |
| Gross Rent Multiplier | 14.6 |
| 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 |
| Average Occupancy | 100% |
| 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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Significant Price Adjustment - $400K | 8929 Hubbard St
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