Fourplex in Del Rey
Sale Price: $1,100,000
4905 S Slauson Ave
# of Units:
4
Current/Pro Forma GRM: 12.60/8.81
Current/Pro Forma CAP:
4.75%/8.16%
Price/SF:
$351
Building SF: 3,136
Lot SF: 6,900
Zoning: LAR3
Year Built: 1956
Description
Value-add fourplex in the neighborhood of Del Rey. All four units feature 2 bedroom + 1Bathroom units and average 784 SF each. A blooming jacaranda tree frames the exterior of the front and rear building providing tenants a pleasant view. Parking is available in the rear via the alley and can accommodate 10 cars. The subject property has a Culver City zip code but is located in the City of Los Angeles. As a bonus the building passed SCEP in 2022.
Location
Del Rey is a neighborhood in the Westside of Los Angeles. On the northwest, north, northeast, and east it is surrounded by Culver City. The subject property is in close proximity to the 405 FWY, Northgate Market, and Washington Blvd shops, cafes, bars, and more. Venice, Santa Monica, Playa Vista are all within a six mile radius. Home values have risen 11% in the last year and the average home value in Del Rey is $1,422,699
Property Highlights
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Fantastic Location in Del Rey, which is a market with an extremely high barrier to entry.
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Over the past 12 months, homes sold in 90230 had an average sale price of $1,289,811, up 3.3% year over year.
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Subject Property is Four Units
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All 2Br + 1Ba
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Appx 784 SF Each
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Laundry Room
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Passed SCEP in 2022
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Large Parking Lot
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Fully Gated, Access via Alley
10 Surface Parking Spaces
Potential for ADUs (Buyer to verify)
6,900 SF Lot with LAR3 Zoning -
Great Price Per SF - Only $415/SF!
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Value-Add Opportunity
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Near Playa Vista, Marina Del Rey, Culver City, Silicon Beach, Venice, and Santa Monica!