3873 College AveCulver City, CA 90232

This exceptional 8-unit apartment building presents a compelling investment opportunity in the highly desirable Culver City market. Boasting 8,912 square feet of gross rentable area on a 9,029-square-foot lot, this two-story, 1973-built property offers a strong current NOI of $156,362, representing a 5.58% cap rate. A pro-forma NOI of $206,787 projects a 7.39% cap rate, indicating significant upside potential. The property features seven two-bedroom/two-bathroom units and one two-bedroom/two-and-a-half-bathroom unit, all well-suited to today's rental market. Residents enjoy gated parking, adding to the property's appeal. The building is situated in a walkable neighborhood with convenient access to shops, services, and public transportation. Its location in Culver City, a hub for tech and media companies, ensures strong rental demand. The asking price is $2,800,000, translating to $350,000 per unit and $314.18 per square foot. The property is currently 88% occupied and zoned LAR3. This well-maintained asset offers a unique opportunity for investors seeking strong returns in a prime location. Individual units are separately metered for gas and electric.