4821 Sepulveda Blvd - Apartments FOR SALE


Culver City, CA 90230
$15,200,000 USD
818-432-1625
4821 Sepulveda Blvd, Culver City, CA for Sale
$15,200,000 USD
Apartments - FOR SALE
1/7
null | 4.05% Cap Rate

4821 Sepulveda Blvd
Culver City, CA 90230


HIGHLIGHTS

  • Property has Culver City postal address but is legally located in City of Los Angeles: not subject to Los Angeles RSO
  • “Crown Jewel” Non-RSO Asset in the coveted Westside Submarket
  • 78 Parking Spaces: Potential for Condominium Conversion (Buyer to Verify)
  • First Time on the Market in 30+ years
  • Excellent Unit Mix of 31 2+2s and 5 1+1s.

OVERVIEW

KW Commercial and Lee & Associates are pleased to present the Villa Isabella, a thirty-six (36) unit trophy multi-family property located at 4821 Sepulveda Blvd in Los Angeles (Culver City postal address). This 38,930 square foot property is situated on two parcels totaling 26,830 square feet of land. Villa Isabella has been owned and operated by the same family for more than 30 years. The unit composition of the property features thirty-one (31) Two Bedroom-Two Bath units and five (5) One Bedroom-One Bath units, set up around a beautifully landscaped central courtyard area. The property has 38,930 square feet of building area (per county title records) and is a 3-story woodframe/stucco structure built on top of semi-subterranean, gated parking. There are a total of 78 parking spaces, which may allow the property to be converted to condominiums in the future (Buyer to verify). The building’s oversize units boast tenant amenities such as central A/C and heating, dishwashers, gas stoves, fireplaces, and balconies and are served by an elevator. The apartment homes are individually metered for gas and electrical utilities, thus controlling expenses for a new owner. The property is not subject to Los Angeles City rent control and is only subject to California State (AB 1482) rent control.

FOR SALE DETAILS

PRICE

$15,200,000 USD

PRICE/SF

$252 USD /SF

# OF UNITS

36

PRICE/UNIT

$422,222

CAP RATE

4.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Isabella

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1991

PARKING SPACES

78

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

26,830 SF

ZONING

-

APN/PARCEL ID

4215-031-035,4215-031-036

ASK ABOUT THIS PROPERTY

Pavit SinghKW CommercialMore Info
818-432-1625

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Pavit SinghKW CommercialMore Info
818-432-1625

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