7
See all 7 photos
$1,700,000
Est. payment /mo
8 Beds
7 Baths
4,698 SqFt
New
5020 Sawtelle BLVD Culver City, CA 90230
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,698 sqft
Price per Sqft $361
MLS Listing ID 26813711
Bedrooms 8
HOA Y/N No
Year Built 1964
Lot Size 5,005 Sqft
Property Description
5020 Sawtelle Blvd is a well-maintained 7-unit apartment building located in a desirable Westside pocket of Del Rey, in Culver City. The property is professionally managed and is on the market for the first time in 40 years. This is a value-add opportunity with 40% rental upside and a pro forma cap rate of 7.47%. Built in 1964, the 4,698 SF property is situated on a 5,003 SF lot. The unit mix includes: (1) 3Bd/2Ba, (5) 1Bd/1Ba, and (1) Studio. There is a manicured lawn in front with neat hedges and a deep set back from the sidewalk. There are four tuck-under parking spaces in the rear of the property. Seismic retrofit is completed. The building has benefited from four decades of professional management, ensuring consistent care and operational stability. There is strong rental-demand for the property due to its proximity to Downtown Culver City, which has acclaimed dining, shopping and entertainment, as well as several major employers including Sony Pictures Studios, Electronic Arts, Belkin, Facebook LA, Microsoft LA, and YouTube LA.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning LARD2
Interior
Heating Natural Gas
Cooling None
Fireplace No
Appliance Disposal
Exterior
Parking Features Attached Carport
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4215028026
Special Listing Condition Standard
Listed by Keith Moret Lyon Stahl Investment Real Estate, Inc. #01802527
NEARBY SCHOOL & BUSINESS
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