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26695568
26695582

9051 Lucerne Ave, Culver City, CA 90232 For Sale

Berkshire Hathaway HomeServices California Properties
Listed by Berkshire Hathaway HomeServices California Properties
$3,699,000
325 days on market
Updated 75 days ago

9051 Lucerne Ave

Details
APN 4206-009-028
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,800
Net Rentable (SqFt) 3,446
Units 3
Cap Rate 4.06%
NOI $150,000
Occupancy 100%
Price per SqFt $973
Class A
Year Built 2024
Buildings 2
Stories 2
Lot Size (SqFt) 5,945
Zoning *CCR2
Parking Spaces 4 per unit
Investment Type Stabilized
Occupancy Date 09/01/2025

Trophy Triplex in Prime Culver City

Marketing description

Call/Email, Chris Newell for OM & Financials 310-993-9213, [email protected]

IDEAL OWNER USER ASSET::: This newly built triplex is a true best-in-class asset in one of the city's most coveted locations.Situated in the very heart of Culver City, this property is truly irreplaceable. Fully leased at top-of-market rents totaling $17,250 per month, it offers exceptional income stability. The tenant base consists of well-compensated professionals who prioritize location, amenities, and lifestyle over the commitments of ownership.Every element was thoughtfully curated -- from private entrances for each unit to white oak doors, premium countertops and flooring, designer fixtures, custom closet built-ins, and a full suite of new appliances.The location is unmatched -- walkable to: Culver Steps, Culver Hotel, Amazon Studios, Culver Studios, Erewhon, Trader Joe's, Salt & Straw, Philz Coffee, Platform Shopping District, Vespertine, Culver City Stairs, Helms Bakery District, and more.With State Assembly Bill 8 and other measures further restricting new development, opportunities of this caliber are increasingly scarce. Perfect for a 1031 Exchange, this property also offers flexibility for the discerning buyer who may choose to occupy one of the well-appointed units as a primary residence or pied-à-terre, enjoying the vibrancy of Culver City while collecting income from the additional units.

Investment highlights

  • PRIME For both owner-occupancy and investment returns.

  • Newly built - Completed in 2025, this triplex offers three fully leased units, achieving top-of-market rents, totaling $17,250 / month.

  • Irreplaceable location - Walkable to Culver Steps, Culver Hotel, Amazon Studios, Culver Studios, Erewon, Trader Joe’s, Salt & Straw, Philz Coffee, Platform Shopping District, Vespertine, Baldwin Hills, Culver City Stairs, and Helms Bakery.

  • High-quality, selective renters - Young professionals and families who value location, amenities, and lifestyle above the commitment of buying.

  • Every detail is thoughtfully curated - White oak doors, premium counters & floors, designer fixtures, closet built-ins, and a full suite of new appliances. Private entrance for each unit.

  • Low overhead and maintenance - Tenants pay all utilities.

  • Prime 1031 Exchange.

  • No Rent Control.

Listing Contacts

Berkshire Hathaway HomeServices California Properties
Listed by Berkshire Hathaway HomeServices California Properties

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$150,000.00
$12,500.00/mo

Valuation Metrics

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DSCR
4.06%
Cap Rate
4.06%
ROI

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Additional Information

Name
Christopher Newell
License
02098665
Brokerage
Berkshire Hathaway HomeServices California Properties
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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