2533 S Spaulding, Mid-City
Culver City Adj. Opportunity Zone Fourplex
Opportunity Zone, Culver City Arts District Adj 2024 fourplex made up of two 5b, 4b townhomes & two 4b, 4.5b townhomes. Projecting a conservative gross monthly rent of $21,000 & a cap rate of 5.55%, the property boasts numerous desirable features including NO RENT CONTROL, separate utilities meters, open floorplans & modern kitchens. Situated near major mixed-use developments such as Platform & the Culver City Steps.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
Gross Rent:
Bldg. SF:
Lot SF:
$/SF:
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Unit Mix:
Opportunity Zone:
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$3,250,000
Fourplex
Sold
4
2024
5.55%
13.88
$252,000/Year (Pro Forma)
7,546 sqft
5,889 sqft
$463.69
$874,750
2 x 5b/4b, 2 x 4b/4.5b
Yes
6 Spaces, 4 Bonus Spots
Opportunity Zone, Non Rent Controlled
The Highlights
Outstanding projected cap rate of 5.55%! Cash cow.
Opportunity zone- major tax benefits (consult with your CPA).
MASSIVE units (7,546 livable square feet) with premium floorplans.
Multi-dimensional, architecturally impressive exterior. The best curb appeal you'll find on a new construction fourplex!
Boasts ultra-high-end finishes and top-tier construction. This is not your typical fourplex!
Ideal unit mix of two 5 bedrooms and two 4 bedrooms.
Minutes walking to Culver City!
All units separately metered for gas, electric AND water! Very low expenses!
Dream 1031 exchange opportunity.
With SB-8 in effect, less new constructions are being built, making properties like these an even more rare and hot commodity.
Moments from countless exciting mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (Whole Foods), the Culver Steps (Amazon Studios), and Platform!
The Neighborhood
<15-Minute Walk
Alta, Open Face Food Shop, Tartine West Adams, Mecca Mid-City, Mian, Genesee Avenue Park, Delicious Pizza, The Gathering Spot LA, Martin Avenue Elementary School, Cliffs of Id, Bee Taqueria
<15-Minute Drive
he Culver Steps, Ivy Station, Amazon Studios, Sony Pictures, Cognoscenti Coffee, Pasta Sisters, Father's Office, Kaiser Permanente, The Grove, The Farmer's Market, Mandrake, Target, Midtown Shopping Center
<$15 Uber Ride
he Culver Steps, Ivy Station, Amazon Studios, Sony Pictures, Cognoscenti Coffee, Pasta Sisters, Father's Office, Kaiser Permanente, The Grove, The Farmer's Market, Mandrake, Target, Midtown Shopping Center
Contact
Lauren Cearley
213.302.8662
Property Presented By:
