Commercial%252520RE_edited_edited_edited

3864 Sawtelle Blvd, Culver City

CLOSED

TRIPLEX

$1,350,000

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PROPERTY LOCATION

3864 Sawtelle Blvd, Los Angeles, CA 90066, USA

PROPERTY DETAILS

Property Type

Multifamily

Units

Price/Unit

3

$450,000

Price/Sqft

$598.40

Building Sqft

2256

Lot Sqft

Current Cap Rate

6184

4.01%

Current GRM

18.44

Year Built

1951

Zoning

Market Cap Rate

CCR4YY

4.62%

Market GRM

16.54

CONTACT

LISTING TEAM

Nico.jpg

Molly First

424.210.9129

DRE 02065583

Nico.jpg

Nico Rosmarin

424.226.9449

DRE 02023847

Nico.jpg

INVESTMENT DESCRIPTION

Molly First & Nico Rosmarin are pleased to present 3864 Sawtelle Boulevard, a 2,256 SF triplex on a 6,184 SF lot located in the desirable city of Culver City. Built in 1951, 3864 Sawtelle Boulevard is comprised of three (3) one-bedroom/one-bathroom units with strong in place current rents, with an additional 10-15% left in rental upside.

3864 Sawtelle Boulevard has three (3) single car garages offering an investor the opportunity to take advantage of current ADU laws to convert these to an additional unit. Additionally, the property is zoned CCR4, allowing the possibility of yet another buildable unit for a total of two bonus units.

3864 Sawtelle Boulevard is conveniently located in the heart of the Westside, providing extremely easy access to major freeways, such as the 405, 10 and 105.

This triplex is an excellent opportunity for an owner-user, allowing for an owner to live in one of the units while enjoying top of the market rental income from the others or a perfect investment to capitalize on the ability to add another two units due to the property’s zoning and current ADU laws.