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5455 Inglewood Boulevard

Culver City, CA 90230
  • $8,295,000
  • STATUS: Active
  • ON SITE: 138 Days
  • ID#: 23230499
UPDATED: 67 min ago
$8,295,000
  • 14
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,954
    SQFT
  • $555
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2017
County:

School Ratings & Info

Listing Agent(s): John Swartz of Compass (310-230-5478) and Scott Syme Jr. of Compass(310-272-8002)


Description

This apartment complex comprises 13 units. The unit mix consists of 3-1 bed+ 1bath units, 1-2bed + 2bath unit and 9-three story 1 bed + 1.5 bath loft/townhome units. Located on the cusp Culver City and Playa Vista in the hub of Silicon Beach. Built in 2017, this property is not subject to AB 1482 or LA RSO. Parking is on-site with 14 spaces. All units have plenty of outdoor space with balconies and/or decks and plenty of natural light. Unit amenities include in-unit washer/dryer, central heating/air conditioning, large windows, sizable closets, and hardwood floors throughout with up to 19' ceilings. Kitchens feature Qortstone countertops, custom cabinets, and are fully equipped with stainless steel appliances. The bathrooms contain modern, ceramic tile flooring, glass/marble accented showers, and Qortstone countertops. 1 Units will be delivered vacant. 7 of the units have not received a rent increase in over a year. There is an opportunity to upgrade a shared outdoor space and convert the gym into an ADU/Studio unit. Rents are approximately 24% under market. Favorable to tenants, the location is steps away from The Campus in Playa Vista. Home to leading tech companies like Google, Youtube and Facebook. The Runway Playa Vista is close by, offering a Whole Foods, Century Theaters, many chic shops and lifestyle restaurants. In addition, tenants have easy access to major freeways, downtown Culver City and Los Angeles International Airport. All offers must be written on a California Association of Realtors RIPA Form.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-30T13:31:20.597. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/135976626
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5455 Inglewood Boulevard Culver City, CA 90230

  • Price: $8,295,000
  • Status: Active
  • On Site: 138 Days
  • Updated: 67 min ago
  • ID#: 23230499
14
Beds
0
Baths
0
½ Baths
0.16
Acres
14,954
SQFT
$555
$/SQFT
2017
Built
Neighborhood:
C28 - Culver City
County:
Los Angeles
Area:
C28 - Culver City
Property Description
This apartment complex comprises 13 units. The unit mix consists of 3-1 bed+ 1bath units, 1-2bed + 2bath unit and 9-three story 1 bed + 1.5 bath loft/townhome units. Located on the cusp Culver City and Playa Vista in the hub of Silicon Beach. Built in 2017, this property is not subject to AB 1482 or LA RSO. Parking is on-site with 14 spaces. All units have plenty of outdoor space with balconies and/or decks and plenty of natural light. Unit amenities include in-unit washer/dryer, central heating/air conditioning, large windows, sizable closets, and hardwood floors throughout with up to 19' ceilings. Kitchens feature Qortstone countertops, custom cabinets, and are fully equipped with stainless steel appliances. The bathrooms contain modern, ceramic tile flooring, glass/marble accented showers, and Qortstone countertops. 1 Units will be delivered vacant. 7 of the units have not received a rent increase in over a year. There is an opportunity to upgrade a shared outdoor space and convert the gym into an ADU/Studio unit. Rents are approximately 24% under market. Favorable to tenants, the location is steps away from The Campus in Playa Vista. Home to leading tech companies like Google, Youtube and Facebook. The Runway Playa Vista is close by, offering a Whole Foods, Century Theaters, many chic shops and lifestyle restaurants. In addition, tenants have easy access to major freeways, downtown Culver City and Los Angeles International Airport. All offers must be written on a California Association of Realtors RIPA Form.
Exterior Features

Parking Features Assigned Parking Total 14

Interior Features

Appliances DishwasherDryerWasher Heating Central Heating YN Yes

Property Features

Association YN No Cap Rate 4.39 Gross Income 522144 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 363775 New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-05-30T13:31:20.597. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): John Swartz of Compass (310-230-5478) and Scott Syme Jr. of Compass(310-272-8002)