Listed by Palm Realty Boutique
$3,950,000
323-325 CULVER BLVD
Details
APN 4116-009-003
Property Type Mixed Use
Square Footage 4,451
Units 6
Cap Rate 2.19%
NOI $231,000
Occupancy 100%
Tenancy Multi
Price per SqFt $887
Year Built 2020
Buildings 2
Acreage 0.110
Zoning Mixed Use (Comm/Res) / LAC4
Investment Type Value Add
Ground Lease No
Mixed Use | 2.19% CAP | 4,451 SqFt
Marketing description
Trophy Property! Just remodeled, this 6-unit jewel overlooks the Ballona Wetlands and features two buildings. The property is well suited for an investor, owner/user, or live/work scenario. The property has been repositioned with a modern black luxury exterior, updated curb appeal, and a strong commercial presence on Culver Blvd. Located in the coastal community of Playa Del Rey, the asset is close to restaurants, cafes, shops and the beach, with immediate access to Silicon Beach and the Westside tech corridor.
Mixed Use: 2 Retail Storefronts + 2 Offices + 2 Residential Units
LAC4 zoning provides flexible use and development potential.
Investment highlights
- 6 units: mixed use - 4 retail/office storefronts plus 2 residential units.
- Front building is 1-story, encompassing approximately 1,385 SqFt.
- Front building is divided into two retail/office units: 694 SqFt and 691 SqFt.
- Rear building is 2-story, encompassing approximately 3,066 SqFt.
- Two retail/office units on the rear first floor: 650 SqFt and 698 SqFt.
- Two 1-bedroom / 1-bath apartments on the second floor, both approximately 859 SqFt.
- Total square footage of both buildings is 4,451 SqFt per seller.
- Approximately 5,000 SqFt lot per assessor records.
- LAC4 zoning allows flexible use and development potential.
Listing Contacts
Listed by Palm Realty Boutique
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$231,000.00
$19,250.00/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Is there information that looks off?
