Exclusive Listings

4-unit in Culver City, Highest CAP Rate, Superb location near Silicon Beach

Address:
12055 Jefferson Blvd.
Culver City, CA 90230
Price:
$1,600,000
Status:
Taking Backups
Type:
Apartment
# Units:
4
Year Built:
1957
Building Size:
1,530 SF
Lot Size:
2,379 SF
CAP Rate:
4.10%
GRM:
15.80x
Price/Unit:
$400,000
Price/SqFt:
n/a

INVESTMENT HIGHLIGHTS

  • A rare 4-unit turnkey upgraded apartment in west side area near Silicon Beach
  • Prime location across from Playa Vista Campus (Youtube, Yahoo, Google Spruce Goose Hangar, Belkin), nearby Facebook LA, etc.
  • Excellent demographics: $146k average household income within a mile radius
  • Easy to operate apartment that is perfect for first time apartment investor or owner/user
  • C2 zoning provides superb flexibility of use (apartment, office, and other commercial uses)
  • All units have been upgraded; three units will be delivered fully furnished
  • 1 parking space per unit (total 5 spaces – 5th one is tandem)

 

Executive Summary

The Growth Investment Group is pleased to present 12055 Jefferson Blvd, Culver City. The property is an upgraded 4 unit apartment in the heart of Playa Vista. Located directly across the street from the Playa Vista Campus, Youtube, Google Spruce Goose Hanger, Belkin International, and walking distance to Whole Foods and the Playa Vista Runway, this cute property offers a turnkey investment for first time apartment buyer or even an owner user who can occupy one of the unit.

This prime property is minutes away from Silicon Beach, Loyola Marimount University, LAX, the beach and major freeways. The unit mix is perfect for young professionals; it offers 2 x 1bed+1bath and 2 x studio units. It has a LA-C2 zoning which provides flexibility to be operated as apartment, commercial office or other allowed use. All the units have been upgraded with high-end designer upgrades. Three of the units are being sold fully furnished.

Owner has been running the current vacant studio unit as AirBNB and recently leased this studio unit on a short term lease for $2500/month. This unit can be delivered vacant for an owner/user. Amenities include 5 parking spaces, coin operated washer and dryer room that generates additional income, electronic door locks, very low maintenance landscaping, copper plumbing, courtyard fountain, and on-site storage.

The property is in an excellent demographics with ±$146k average household income within a mile radius.




Due Diligence


Broker Contact

Han Widjaja-Chen
Direct: 626.594.4900
han.chen@growthinvestmentgroup.com

Justin McCardle
Direct: (909) 486-2069
justin@growthinvestmentgroup.com

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Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
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