New Construction Silicon Beach 4-Plex | 4455 S Slauson Ave
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New Construction Silicon Beach 4-Plex 4455 S Slauson Ave
4 Unit Block of Flats £2,855,943 (£713,986/Unit) 5.40% Net Initial Yield Culver City, CA 90230
Investment Highlights
- New Construction
- Individually Metered
- Builder Warranty
- No Rent Control
- Paid Off Solar
- Value-Add Opportunity
Executive Summary
Introducing an exceptional opportunity – a recently constructed, non-rent controlled, fully leased four-unit complex in Culver City, situated within the vibrant Silicon Beach district. This prime location attracts major industry players such as Facebook, YouTube, Amazon Studios, Sony Pictures, HBO, Hulu, and Beats Electronics, fostering a dynamic environment. These residences boast spacious layouts with open floor plans, private laundry facilities, multiple decks, and high-end finishes. Each unit also offers two private parking spaces. The front duplex comprises 3-bedroom, 3-bath units, while the back duplex features 4 bedrooms, 4.5 bathrooms – an ideal unit mix for the area. Separate meters for water and electricity enable individualized control over utility usage. Modern appliances, including washer, dryer, dishwasher, 36-inch range, refrigerator, and OTR microwaves, enhance the property's appeal. Additionally, fully paid-off solar panels for each unit contribute to energy efficiency. Enhance your equity in the property and increase its value by converting the current four-car garage into an additional 3-bedroom unit. Every aspect of this property reflects a commitment to environmental sustainability, from construction materials to landscaping and water reclamation systems. The new owner will benefit from a fully warranted, easily maintained, green-certified property. Attractively priced to sell, boasting a generous 5.4% cap rate, this property offers exceptional investment potential for both current income and future growth. The rear duplex includes a spacious four-car garage that could be converted into an ADU, further enhancing investment opportunities. Seize this rare chance to acquire an income-generating asset in a neighborhood with substantial long-term potential.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £214,078 | £34.14 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | £214,078 | £34.14 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | £41,528 | £6.62 |
Net Operating Income | £172,551 | £27.52 |
Financial Summary (Actual - 2023)
Gross Rental Income | |
---|---|
Annual | £214,078 |
Annual Per SF | £34.14 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | £214,078 |
Annual Per SF | £34.14 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | £41,528 |
Annual Per SF | £6.62 |
Net Operating Income | |
---|---|
Annual | £172,551 |
Annual Per SF | £27.52 |
Property Facts
Price | £2,855,943 | Apartment Style | Townhome |
Price Per Unit | £713,986 | Building Class | B |
Sale Type | Investment | Lot Size | 0.11 AC |
Net Initial Yield | 5.40% | Building Size | 6,270 SF |
Gross Rent Multiplier | 13.71 | Average Occupancy | 0% |
No. Units | 4 | Number of Floors | 3 |
Property Type | Residential | Year Built | 2024 |
Property Subtype | Apartment | Parking Ratio | 1.28/1,000 SF |
Price | £2,855,943 |
Price Per Unit | £713,986 |
Sale Type | Investment |
Net Initial Yield | 5.40% |
Gross Rent Multiplier | 13.71 |
No. Units | 4 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Townhome |
Building Class | B |
Lot Size | 0.11 AC |
Building Size | 6,270 SF |
Average Occupancy | 0% |
Number of Floors | 3 |
Year Built | 2024 |
Parking Ratio | 1.28/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Kitchen
- Granite Countertops
- Wooden Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Wi-Fi
- Deck
- Dining Room
- Double Pane Windows
- Family Room
- Freezer
- Handrails
- Island Kitchen
- Smoke Free
- Window Coverings
Site Amenities
- Fenced Lot
- Gated
- Smoke Free
- Rubbish Collection - Kerbside
- Car Charging Station
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
4+4.5 | 2 | £4,656 | 1,530 |
3+3 | 2 | £4,264 | 1,385 |
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Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (81)
zoning
Zoning Code | R3-1 (Residential) |
R3-1 (Residential) |
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New Construction Silicon Beach 4-Plex | 4455 S Slauson Ave
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