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28947439
28947453

332 Culver Blvd, Los Angeles, CA 90293

DF
CA CALIFORNIA DRE # 01841258
Realty Investment Advisors
BH
CA 01438644
Realty Investment Advisors
Listed by Realty Investment Advisors
$2,645,000
173 days on market
Updated 58 days ago

Playa Del Rey Multi-Family Opportunity

Details
APN 4116-009-053
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,368
Units 5
Cap Rate 4.49%
NOI $118,648
Occupancy 100%
Pro-Forma Cap Rate 5.79%
Pro-Forma NOI $153,277
Price per SqFt $493
Broker Co-Op Yes
Year Built 1972
Buildings 1
Stories 3
Lot Size (SqFt) 4,069
Parking Spaces 6 spaces
Parking Per SqFt 1.12
Ground Lease No

5 Units + 1 NCU | PLAYA DEL REY

Marketing description

Realty Investment Advisors is pleased to present 332 Culver Blvd & 363 Pershing, a truly unique five unit multifamily property with an additional non conforming income unit, ideally located in the heart of Playa Del Rey.

This is a rare offering in one of the Westside’s most desirable coastal neighborhoods, located near the beach, the lagoon, and the natural open space that defines Playa Del Rey. The surrounding area offers a relaxed coastal atmosphere while remaining closely connected to Marina del Rey, Silicon Beach, and major employment centers, making this location both distinctive and highly livable.

The property consists of five units with a thoughtful and diverse layout, including one huge 2,000 SF+ two bedroom three and one half bathroom residence, two two bedroom one half bathroom units, and two one bedroom one half bathroom units. In addition, there is one separately leased non conforming unit that provides supplemental income.

The residences feature functional floor plans and tasteful updates, with select units offering balconies. A standout upper level residence includes a private rooftop deck with sweeping views, creating a rare lifestyle element that is seldom found in small multifamily properties and particularly appealing for an owner user.

Additional features include separately metered electricity, on site laundry, secured on grade parking, and portions of updated plumbing. The property has been well cared for and offers an ownership experience that feels intuitive, approachable, and rewarding.

332 Culver Blvd & 363 Pershing represent an exceptional opportunity to acquire a one of a kind Playa Del Rey multifamily property that combines strong in place income with a coastal setting that is increasingly difficult to replicate. Opportunities of this quality in Playa Del Rey are limited, particularly at this scale and location.

Investment highlights

  1. Truly rare Playa Del Rey multifamily

  2. Five legal units plus one non-conforming unit

  3. Prime coastal Westside beach neighborhood

  4. Unique owner user lifestyle opportunity

  5. Private rooftop deck with scenic views

  6. Thoughtfully updated coastal style residences

  7. Diverse unit mix with character

  8. Separately metered electricity throughout

  9. Gated on site parking included

  10. Irreplaceable location near beach and lagoon

Listing Contacts

DF
CA CALIFORNIA DRE # 01841258
Realty Investment Advisors
BH
CA 01438644
Realty Investment Advisors
Listed by Realty Investment Advisors

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$118,648.00
$9,887.33/mo

Valuation Metrics

0
DSCR
4.49%
Cap Rate
4.49%
ROI

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Additional Information

Name
Don Favia
License
CALIFORNIA DRE # 01841258
Brokerage
Realty Investment Advisors
Brokerage Phone
424-377-6001
Title
Real Estate Broker
Brokerage Address
2450 Colorado Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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