3827 Tilden Ave
10 Unit Apartment Building $5,994,492 CAD ($599,449 CAD/Unit) 5% Cap Rate Culver City, CA 90232
INVESTMENT HIGHLIGHTS
- PRIME CULVER CITY LOCATION | APPROXIMATELY HALF-MILE FROM SONY STUDIOS & DOWNTOWN CULVER CITY
- 5.00% CAP RATE & 14.50 GRM | 6.55% PRO-FORMA CAP RATE
- OUTSTANDING UNIT MIX | TOTAL OF 15 PARKING SPACES
- PRICED AT ONLY $450/SF | 9,340-SF OF LIVING AREA ON LARGE 10,927-SF LOT
- POTENTIAL TO ADD ADUS (BUYER TO VERIFY)
- GATED ENTRY & ON-SITE LAUNDRY FACILITY | ZONED CCR4*
EXECUTIVE SUMMARY
Luca is proud to present this 10-Unit apartment located in the heart of Culver City. Just footsteps away from downtown, Tilden presents an opportunity to purchase a trophy Asset in a trophy location. Culver City is an epicenter of tech and media, housing Amazon Studios, AppleTV, MAX, Sony Studios, and NFL Networks. Culver City offers a vibrant night life, notable restaurant scene, trendy coffee shops, and an abundance of amenities such as Equinox catering to a young demographic of strong income earners. 3827 Tilden is priced attractively at just $450 per square foot and at a 5.00% cap rate and 14.50 GRM. While the in-place metrics are attractive, an investor can expect strong rental upside being that Culver City is home to one of the most robust and aggressively priced rental markets in Los Angeles County. This class A location provides for a high upper threshold for market rents. Culver City will garner the attention of an investor looking for both long-term appreciation and strong cash-flow. This is an opportunity to buy into one of Los Angeles' most compelling sub-markets at a great value while having the ability to aggressively re-position an asset for higher yield.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$412,914
|
$44.21
|
| Other Income |
$1,718
|
$0.18
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$414,632
|
$44.39
|
| Taxes |
$75,161
|
$8.05
|
| Operating Expenses |
$38,567
|
$4.13
|
| Total Expenses |
$113,728
|
$12.18
|
| Net Operating Income |
$300,904
|
$32.22
|
PROPERTY FACTS
| Price | $5,994,492 CAD |
| Price Per Unit | $599,449 CAD |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 14.5 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 9,340 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.61/1,000 SF |
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 1 | $4,232 CAD | - |
| 2+1 | 5 | $3,524 CAD | - |
| 1+1 | 4 | $3,023 CAD | - |
1 of 1
Walk Score®
Very Walkable (85)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 4213-005-022 | Total Assessment | $4,303,552 CAD |
| Land Assessment | $2,582,132 CAD | Annual Taxes | $75,161 CAD ($8.05 CAD/SF) |
| Improvements Assessment | $1,721,419 CAD | Tax Year | 2024 |
ZONING
| Zoning Code | CCR4* |
