11915 Jefferson Boulevard, Culver City, CA 90230
  • MLS#: 25524499 ( )
  • Street Address: 11915 Jefferson Boulevard
  • Viewed: 4
  • Price: $4,125,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 15
  • Additional Information
  • County: LOS ANGELES
  • City: Culver City
  • Zipcode: 90230
  • Provided by: Marcus & Millichap
  • Contact: Michael Michael
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present 11915 Jefferson Blvd, a 14 unit apartment building located in Playa Vista, a neighborhood in the Westside area of Los Angeles, CA. Built in 1963, the property consists of (4) one bedroom + one bathroom units and (10) two bedroom +one bathroom unit. The building is 10,340 gross square feet and sits on a 9,500 square foot lot.11915 Jefferson Blvd is located on a charming, tree lined street in Playa Vista. There is no shortage of activities to explore in the area. From popular hiking trails of Baldwin Hills to touring Sony Pictures Studio. Playa Vista, centrally located in West Los Angeles, offers easy access to Santa Monica, Downtown LA, and Beverly Hills via the 405 and 10 freeways. Close to Silicon Beach and Venice, it's a hub for entertainment, tech, and dining. The Metro E Line connects it to Downtown LA and Santa Monica, making it a prime spot for work and leisure. 11915 Jefferson Blvd represents a unique value add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 4.70% with the ability to improve to a 7.11% CAP rate once units turnover.
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Features
Building Area Total
  1. 10340.00
Country
  1. US
Heating
  1. None
Levels
  1. Multi/Split
Netoperatingincome
  1. 193906.00
Parcel Number
  1. 4220016033
Parking Features
  1. Covered
Postalcodeplus4
  1. 6324
Sourcesystemkey
  1. 25524499:CLAW
Totalexpenses
  1. 132294.00
Year Built
  1. 1963
Zoning
  1. LAR3