5020 Sawtelle Blvd, Culver City, CA 90230
5020 Sawtelle Blvd, Culver City, CA 90230
5020 Sawtelle Blvd, Culver City, CA 90230
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$1,700,000
Est. payment /mo
8 Beds
7 Baths
4,698 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,698 sqft

Price per Sqft $361

MLS Listing ID 26813711

Bedrooms 8

Year Built 1964

Lot Size 5,003 Sqft

Acres 0.1149

Property Sub-Type Multi-Family

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 Culver City

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling None

Equipment Garbage Disposal

Exterior

Parking Features Carport Attached

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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