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5020 Sawtelle Blvd
Culver City, CA 90230
Multifamily Property For Sale
·
7 Units
Investment Highlights
- First time on the market in 40 years.
- The property is well maintained and has been professionally managed for decades.
- Value-Add Opportunity. There is approximately 40% rental upside.
- Located Minutes from Downtown Culver City.
Executive Summary
5020 Sawtelle Blvd is a well-maintained 7-unit apartment building located in a desirable Westside pocket of Del Rey, just west of 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.
Property Facts Under Contract
| Price Per Unit | $337,637 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.62% | Building Size | 4,698 SF |
| Gross Rent Multiplier | 12.35 | Average Occupancy | 92% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 0.85/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LARD2 | ||
| Price Per Unit | $337,637 CAD |
| Sale Type | Investment |
| Cap Rate | 4.62% |
| Gross Rent Multiplier | 12.35 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,698 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | LARD2 |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,560 CAD | - |
| 1+1 | 5 | $10,583 CAD | - |
| Studios | 1 | $1,800 CAD | - |
Property Taxes
| Parcel Number | 4215-028-026 | Improvements Assessment | $514,344 CAD |
| Land Assessment | $320,029 CAD | Total Assessment | $834,374 CAD |
Property Taxes
Parcel Number
4215-028-026
Land Assessment
$320,029 CAD
Improvements Assessment
$514,344 CAD
Total Assessment
$834,374 CAD
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