3115 Ivy St 8 Unit Apartment Building $3,496,178 CAD ($437,022 CAD/Unit) 5.06% Cap Rate Los Angeles, CA 90034

The Sterman Multi-Family Group of Marcus & Millichap is pleased to present 3115 Ivy Street, an 8-unit apartment community located in the highly desirable Culver City/ Palms neighborhood of West Los Angeles. Built in 1964, the property offers approximately 6,038 square feet of rentable living area on a 6,157-square-foot lot, providing investors with a well-located and stable asset in one of the Westside’s most consistently strong rental markets.
The building features a practical and appealing unit mix, with bright interiors, efficient layouts, and the long-term durability associated with classic mid-century construction. These characteristics support steady tenant demand and create a reliable operating environment for ownership, while still offering clear opportunities for future modernization and value enhancement.
3115 Ivy Street benefits from an exceptional location just steps away from Culver City, placing residents near major employment centers such as Culver City’s expanding tech and creative office district, Sony Studios, and the broader Westside job base. The property is surrounded by a wide selection of dining, retail, and neighborhood conveniences along Venice Boulevard and Sepulveda Boulevard. Connectivity is another key advantage, with close access to the I-10 and I-405 Freeways as well as the Metro E Line, allowing for convenient travel throughout Greater Los Angeles.
Situated within a supply-constrained, transit-oriented, and high-demand rental pocket, 3115 Ivy Street represents a compelling opportunity to acquire a well-maintained multifamily asset with stable in-place income and meaningful potential for long-term appreciation.