4455 S Slauson Ave, Culver City, CA 90230 For Sale

Introducing an exceptional opportunity – a recently constructed, non-rent controlled, vacant four-unit complex in Culver City, situated within the vibrant Silicon Beach district. This prime location attracts major industry players such as Facebook, YouTube, Amazon Studios, Sony Pictures, HBO, Hulu, and Beats Electronics, fostering a dynamic environment. With strong demand for quality housing, all four units are expected to be swiftly occupied, projecting a pro forma gross rent of $273,600 for the new owner. These residences boast spacious layouts with open floor plans, private laundry facilities, multiple decks, and high-end finishes. Each unit also offers two private parking spaces. The front duplex comprises 3-bedroom, 3-bath units, while the back duplex features 4 bedrooms, 4.5 bathrooms – an ideal unit mix for the area. Separate meters for water and electricity enable individualized control over utility usage. Modern appliances, including washer, dryer, dishwasher, 36-inch range, refrigerator, and OTR microwaves, enhance the property's appeal. Additionally, fully paid-off solar panels for each unit contribute to energy efficiency. Enhance your equity in the property and increase its value by converting the current four-car garage into an additional 3-bedroom unit, raising the cap rate to 6.45%. Every aspect of this property reflects a commitment to environmental sustainability, from construction materials to landscaping and water reclamation systems. The new owner will benefit from a fully warranted, easily maintained, green-certified property. Attractively priced to sell, boasting a generous 5.59% cap rate, this property offers exceptional investment potential for both current income and future growth. The rear duplex includes a spacious four-car garage that could be converted into an ADU, further enhancing investment opportunities. Seize this rare chance to acquire an income-generating asset in a neighborhood with substantial long-term potential.