332 Culver Blvd - Apartments FOR SALE


Playa Del Rey, CA 90293
$2,800,000 USD
818-517-0845
332 Culver Blvd, Playa Del Rey, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/46
null | 4.17% Cap Rate

332 Culver Blvd
Playa Del Rey, CA 90293


HIGHLIGHTS

  • Truly rare Playa Del Rey multifamily opportunity
  • Five legal units plus one non-conforming unit
  • Huge 2,000+ SF two story 2 bed 3.5 bath "owner's unit" with private rooftop deck and scenic views
  • Gated on site parking included
  • Irreplaceable location near beach and lagoon
  • Prime coastal Westside beach neighborhood

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$522 USD /SF

# OF UNITS

6

PRICE/UNIT

$466,667

CAP RATE

4.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

4116-009-053

ASK ABOUT THIS PROPERTY

Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

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Benjamin HsiangRealty Investment AdvisorsMore Info
818-517-0845

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.