Description

Marcus & Millichap is proud to present a rare investment opportunity in the highly sought-after Culver City market. This 28-unit apartment building is located at 4620 S Slauson Ave, Los Angeles, CA 90230, in a convenient location near Downtown Culver City and the 405 freeway. The building, built in 1988, features 14 one-bedroom units and 14 two-bedroom units, making it an ideal option for a variety of tenants. The units are fully renovated and feature modern finishes, including built-in G.E./ Hotpoint electric appliances, quartz countertops, upgraded flooring, and central air conditioning and heat with a Nest thermostat. The 2-bedrooms conveniently feature a washer & dryer in each unit. The building also includes an on-site manager, a laundry room, 30 covered parking spaces, and additional storage options. With a rentable SF of 20,043 and a lot size of 22,525 SF, this stabilized apartment building presents an excellent opportunity for investors to acquire a stabilized property with consistent cash flow and predictable appreciation.The Culver City market offers an appealing mix of urban energy and neighborhood charm, making it an ideal place to live. Its central location in Los Angeles provides easy access to major job hubs, beaches, and cultural landmarks, while the city itself boasts a walkable downtown with top-notch dining, shopping, and entertainment options. Known as the historic home of major film studios, including Sony Pictures, the area blends old Hollywood charm with modern vibrancy. Its thriving arts district features contemporary galleries, theaters, and creative spaces, while the downtown area is packed with trendy restaurants, craft breweries, and boutique shops. Located in the heart of downtown Culver City, the Culver City Farmers Market is a vibrant, weekly gathering that showcases fresh, locally grown produce, artisanal goods, and a diverse array of prepared foods. It brings together farmers, food vendors, and the community every week. Culver City's walkable streets, lively energy, and community-focused events make it a standout destination in LA.