3873 College Ave
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3873 College Ave
8 Unit Block of Flats £2,203,180 (£275,397/Unit) 5.58% Net Initial Yield Culver City, CA 90232
Investment Highlights
- (8) Spacious Units In a Quiet Neighborhood!
- (1) 2 Bdr 2.5 Bath Town-home Style Unit
- Strong Current Rents with an Additional 20% in Upside!
- 1 Unit Delivered Vacant!
- Gated Parking Offering Security for Tenants!
Executive Summary
We are pleased to present the opportunity to acquire 3873 College Avenue, an 8-unit multifamily investment in one of the most desirable submarkets in Los Angeles.
The area around 3873 College Ave in Culver City offers a variety of amenities suitable for renters. The location is very walkable with a variety of shops and essential services within easy reach. This area also enjoys good transit connections and is very bikeable, enhancing mobility for residents without vehicles.
The property currently features 8,912 square feet of gross rentable area, situated on a 9,029-square foot lot. The 8-unit building is composed of 7 two-bedroom/two-bathroom units and 1 Town-Home Style two-bedroom/two and one-half bathroom Owner’s Unit. The property also offers gated parking for tenants.
Culver City is a hub for tech and media companies, including several studios and digital media firms. The proximity to such companies makes it an attractive location for professionals working in these industries. This blend of convenient amenities and access to job opportunities makes 3873 College Ave an appealing choice for potential renters.
Due to the property’s premier location, 3873 College Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset with strong in-place rents in the heart of Culver City.
The area around 3873 College Ave in Culver City offers a variety of amenities suitable for renters. The location is very walkable with a variety of shops and essential services within easy reach. This area also enjoys good transit connections and is very bikeable, enhancing mobility for residents without vehicles.
The property currently features 8,912 square feet of gross rentable area, situated on a 9,029-square foot lot. The 8-unit building is composed of 7 two-bedroom/two-bathroom units and 1 Town-Home Style two-bedroom/two and one-half bathroom Owner’s Unit. The property also offers gated parking for tenants.
Culver City is a hub for tech and media companies, including several studios and digital media firms. The proximity to such companies makes it an attractive location for professionals working in these industries. This blend of convenient amenities and access to job opportunities makes 3873 College Ave an appealing choice for potential renters.
Due to the property’s premier location, 3873 College Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset with strong in-place rents in the heart of Culver City.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £2,203,180 | Apartment Style | Low Rise |
| Price Per Unit | £275,397 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Net Initial Yield | 5.58% | Building Size | 10,948 SF |
| Gross Rent Multiplier | 11.17 | Average Occupancy | 92% |
| No. Units | 8 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Price | £2,203,180 |
| Price Per Unit | £275,397 |
| Sale Type | Investment |
| Net Initial Yield | 5.58% |
| Gross Rent Multiplier | 11.17 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 10,948 SF |
| Average Occupancy | 92% |
| Number of Floors | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.46/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 7 | £2,139 | 1,000 - 1,200 |
| 2+2.5 | 1 | £2,400 | 1,100 - 1,200 |
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Walk Score ®
Very Walkable (70)
Bike Score ®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 4208-022-029 | Improvements Assessment | £461,348 (2024) |
| Land Assessment | £198,632 (2024) | Total Assessment | £659,980 (2024) |
PROPERTY TAXES
Parcel Number
4208-022-029
Land Assessment
£198,632 (2024)
Improvements Assessment
£461,348 (2024)
Total Assessment
£659,980 (2024)
zoning
| Zoning Code | R4, Clarkdale |
| R4, Clarkdale |
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3873 College Ave
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