4455 Slauson Ave Culver City, CA 90230

This exceptional, newly constructed four-unit apartment building in Culver City's Silicon Beach area presents a compelling investment opportunity. The property, built in 2024, boasts a total of 6,207 square feet on a 5,204 square foot lot and features two buildings, each three stories high. The complex comprises two 3-bedroom, 3-bathroom units and two 4-bedroom, 4.5-bathroom units, offering a desirable unit mix for the area. Each unit includes two parking spaces, private laundry facilities, multiple decks, and high-end finishes, including modern appliances (washer, dryer, dishwasher, 36-inch range, refrigerator, and OTR microwave). Individual water and electricity meters provide efficient utility management. The property is currently vacant, offering immediate potential for rental income. A pro forma gross rent of $273,600 is projected. All units benefit from fully paid-off solar panels, contributing to energy efficiency and reduced operating costs. The property is zoned R3 and has a current cap rate of 5.74%, with a potential increase to 6.45% through the conversion of the existing four-car garage in the rear duplex into an additional 3-bedroom unit (ADU). The asking price is $3,650,000, representing a price per unit of $912,500 and a price per square foot of $588.05. The property's strong location in the thriving Silicon Beach area, combined with its modern amenities, vacant status, and potential for value-add improvements, makes it an attractive investment with significant long-term potential. The property is delivered vacant with no rent control. The Net Operating Income (NOI) is $209,625. The property is fully warranted and green-certified.