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332 Culver Blvd 6 Unit Apartment Building $3,851,736 CAD ($641,956 CAD/Unit) 4.17% Cap Rate Playa Del Rey, CA 90293
INVESTMENT HIGHLIGHTS
- Truly rare Playa Del Rey multifamily opportunity
- Huge 2,000+ SF two story 2 bed 3.5 bath "owner's unit" with private rooftop deck and scenic views
- Irreplaceable location near beach and lagoon
- Five legal units plus one non-conforming unit
- Gated on site parking included
- Prime coastal Westside beach neighborhood
EXECUTIVE SUMMARY
Realty Investment Advisors is pleased to present 332 Culver Blvd & 363 Pershing, a truly unique five unit multifamily property with an additional non conforming income unit, ideally located in the heart of Playa Del Rey.
This is a rare offering in one of the Westside’s most desirable coastal neighborhoods, located near the beach, the lagoon, and the natural open space that defines Playa Del Rey. The surrounding area offers a relaxed coastal atmosphere while remaining closely connected to Marina del Rey, Silicon Beach, and major employment centers, making this location both distinctive and highly livable.
The property consists of five units with a thoughtful and diverse layout, including one huge 2,000 SF+ two bedroom three and one half bathroom residence, two two bedroom one half bathroom units, and two one bedroom one half bathroom units. In addition, there is one separately leased non conforming unit that provides supplemental income.
The residences feature functional floor plans and tasteful updates, with select units offering balconies. A standout upper level residence includes a private rooftop deck with sweeping views, creating a rare lifestyle element that is seldom found in small multifamily properties and particularly appealing for an owner user.
Additional features include separately metered electricity, on site laundry, secured on grade parking, and portions of updated plumbing. The property has been well cared for and offers an ownership experience that feels intuitive, approachable, and rewarding.
332 Culver Blvd & 363 Pershing represent an exceptional opportunity to acquire a one of a kind Playa Del Rey multifamily property that combines strong in place income with a coastal setting that is increasingly difficult to replicate. Opportunities of this quality in Playa Del Rey are limited, particularly at this scale and location.
This is a rare offering in one of the Westside’s most desirable coastal neighborhoods, located near the beach, the lagoon, and the natural open space that defines Playa Del Rey. The surrounding area offers a relaxed coastal atmosphere while remaining closely connected to Marina del Rey, Silicon Beach, and major employment centers, making this location both distinctive and highly livable.
The property consists of five units with a thoughtful and diverse layout, including one huge 2,000 SF+ two bedroom three and one half bathroom residence, two two bedroom one half bathroom units, and two one bedroom one half bathroom units. In addition, there is one separately leased non conforming unit that provides supplemental income.
The residences feature functional floor plans and tasteful updates, with select units offering balconies. A standout upper level residence includes a private rooftop deck with sweeping views, creating a rare lifestyle element that is seldom found in small multifamily properties and particularly appealing for an owner user.
Additional features include separately metered electricity, on site laundry, secured on grade parking, and portions of updated plumbing. The property has been well cared for and offers an ownership experience that feels intuitive, approachable, and rewarding.
332 Culver Blvd & 363 Pershing represent an exceptional opportunity to acquire a one of a kind Playa Del Rey multifamily property that combines strong in place income with a coastal setting that is increasingly difficult to replicate. Opportunities of this quality in Playa Del Rey are limited, particularly at this scale and location.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$265,687
|
$49.49
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,970
|
$1.48
|
| Effective Gross Income |
$257,717
|
$48.01
|
| Taxes |
$46,221
|
$8.61
|
| Operating Expenses |
$50,839
|
$9.47
|
| Total Expenses |
$97,060
|
$18.08
|
| Net Operating Income |
$160,657
|
$29.93
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $265,687 |
| Annual Per SF | $49.49 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,970 |
| Annual Per SF | $1.48 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $257,717 |
| Annual Per SF | $48.01 |
| Taxes (CAD) | |
|---|---|
| Annual | $46,221 |
| Annual Per SF | $8.61 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $50,839 |
| Annual Per SF | $9.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $97,060 |
| Annual Per SF | $18.08 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $160,657 |
| Annual Per SF | $29.93 |
PROPERTY FACTS
| Price | $3,851,736 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $641,956 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 4.17% | Building Size | 5,368 SF |
| Gross Rent Multiplier | 14.5 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 1.12/1,000 SF |
| Zoning | C2, Los Angeles | ||
| Price | $3,851,736 CAD |
| Price Per Unit | $641,956 CAD |
| Sale Type | Investment |
| Cap Rate | 4.17% |
| Gross Rent Multiplier | 14.5 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 5,368 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1972 |
| Parking Ratio | 1.12/1,000 SF |
| Zoning | C2, Los Angeles |
AMENITIES
UNIT AMENITIES
- Balcony
SITE AMENITIES
- Laundry Facilities
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1.5 | 3 | $3,091 CAD | - |
| 2+1.5 | 1 | $4,264 CAD | - |
| 2+3.5 | 1 | $5,859 CAD | - |
| Studios | 1 | $2,744 CAD | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 4116-009-053 | Total Assessment | $3,926,910 CAD |
| Land Assessment | $3,141,528 CAD | Annual Taxes | $46,221 CAD ($8.61 CAD/SF) |
| Improvements Assessment | $785,381 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
4116-009-053
Land Assessment
$3,141,528 CAD
Improvements Assessment
$785,381 CAD
Total Assessment
$3,926,910 CAD
Annual Taxes
$46,221 CAD ($8.61 CAD/SF)
Tax Year
2025
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