3735 Cardiff Ave - Apartments FOR SALE


Los Angeles, CA 90034- Palms
$1,750,000 USD
310-486-9900
3735 Cardiff Ave, Los Angeles, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/3
null | 4% Cap Rate

3735 Cardiff Ave
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Prime Palms / Culver City Location | Walking distance to Downtown Culver City, Sony Studios, and Ivy Station
  • Attractive and Functional Unit Mix | One studio, four one-bedrooms, and one spacious two-bedroom unit
  • Strong Rental Market With Low Vacancy | Located in a supply-constrained submarket with consistent tenant demand
  • Rare On-Site Parking Amenity | Eight dedicated parking spaces, highly desirable in this dense submarket

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a six-unit multifamily property located at 3735 Cardiff Avenue in the highly desirable Palms / Culver City submarket of Los Angeles, California. Built in 1968, the ±5,010-square-foot building is situated on a ±6,752-square-foot lot and features a favorable unit mix of one studio, four one-bedroom units, and one large two-bedroom unit. The property provides immediate value-add potential through interior renovations, common area upgrades, and operational efficiencies. Current in-place rents are significantly below market, with pro forma income demonstrating the ability to increase NOI from $70,029 to $113,237 annually, translating to a market cap rate of 6.47%. Located just steps from Downtown Culver City and within minutes of Sony Studios, Ivy Station, and the Metro Rail, the asset benefits from excellent walkability, strong tenant demand, and historically low vacancy rates in a supply-constrained rental market. With eight on-site parking spaces and long-term repositioning upside, this offering represents an attractive opportunity for investors seeking a bite-sized, well-located Los Angeles multifamily investment.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$349 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,667

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Unit Value-Add Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,752 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

4313-016-029

ASK ABOUT THIS PROPERTY

Robert NarchiMarcus & MillichapMore Info
310-486-9900

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Robert NarchiMarcus & MillichapMore Info
310-486-9900

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