3840 Overland Ave - Apartments FOR SALE


Culver City, CA 90232- Washington Culver
$1,800,000 USD
310-270-8423
3840 Overland Ave, Culver City, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/41
null | 6% Cap Rate

3840 Overland Ave
Culver City, CA 90232
Washington Culver


HIGHLIGHTS

  • Prime Culver City Location – Situated at the Mar Vista border, offering immediate access to fine dining, shopping, and premier entertainment.
  • Walkability – Exceptional 94 Walk Score, ensuring direct pedestrian access to countless lifestyle amenities.
  • Owner-User Potential – Spacious 3BR / 2BA residence with two private garages and in-unit washer/dryer. Delivered vacant, ideal for immediate occupancy
  • Well-Maintained Property – Excellent condition w/ recent capital improvements, including new roof, updated electrical sub-panels, and seismic retrofit
  • Turnkey Investment – Stabilized asset delivering an immediate 6% CAP rate, with upside potential.
  • Attractive Unit Mix – (3) 1BR/1BA, (1) 2BR/1.5BA, and (1) 3BR/2BA, providing diverse rental appeal.

OVERVIEW

THE OFFERING - Situated in a prime Culver City location adjacent to Mar Vista and Palms, this well-maintained 5-unit multifamily property offers both stability and meaningful upside potential. The building features a desirable unit mix of (3) one-bedroom/two-bathroom units, (1) two-bedroom/two-bathroom unit, and (1) expansive three-bedroom/two-bathroom owner’s unit of approximately 1,900 square feet, complete with two private garages and in-unit laundry. This turnkey asset delivers an immediate 6% Cap Rate, providing investors with strong in-place income from day one, along with additional upside through rent growth and targeted renovations. Recent capital improvements include a new roof, upgraded electrical subpanels, and a completed seismic retrofit, mitigating near-term capital expenditure requirements while enhancing long-term durability. Several apartments have been tastefully updated with granite countertops, recessed lighting, and vinyl plank flooring, further increasing their tenant appeal. The property is positioned within a highly walkable neighborhood, boasting a Walk Score of 94+, and providing residents convenient access to premier dining, shopping, entertainment, and major employment hubs throughout West Los Angeles and Century City. With immediate cash flow, value-add potential, and flexibility for both investors and owner-users, this offering represents a rare opportunity to acquire a prime, income-generating asset in one of Los Angeles’ most competitive rental markets.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$347 USD /SF

# OF UNITS

5

PRICE/UNIT

$360,000

CAP RATE

6%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,184 SF

ZONING

R5-1, Culver City

APN/PARCEL ID

4208-009-065

ASK ABOUT THIS PROPERTY

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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