4065 Duquesne

Offered at $3,160,000

8 Beds
8 Baths
Apartments
Building 6,018 sq ft
Lot 8,105 sq ft
Year Built: 1949
Parcel: 4207-009-011
4065 Duquesne, Culver City, CA 90232

8 unit complex, first time on the market since 1981!

Martin Feinberg and Keller Williams are proud to exclusively offer 4065 Duquesne Ave, a beautifully located 8-unit garden style apartment investment opportunity located in the City of Culver City, CA. Located in arguably one of the best locations in Culver City; across from Culver City Hall, and within walking distance Sony Studios, Amazon Studios, Southern California Hospital, and shopping along Culver Blvd and Venice Blvd, this rare opportunity provides an extremely attractive investment options to a qualified and lucky buyer.

Built in 1949, this is the first time this property has ever been offered for sale since 1981 (40 years). Long time owned for 30+ years; the investment offers significant upside potential. The property has a total building size of 6,018 SF on a ±8,105 SF lot (R4 zoning). It consists of 2 buildings and 8 x 1bedroom+1bathroom units. Each unit is spacious and bright with excellent layout. Some units have laundry hookups. Each unit has original hardwood floor, dining room, tiled kitchen countertops, smooth ceiling, and individual water heater. One unit has an updated kitchen with quartz countertops, kitchen backsplash and dishwasher. Each unit has an individual water heater and separately metered for electricity and gas.

Parking is provided by 6 garages (rented to tenants) and 2 open space parking. Most tenants in this community are long time tenants that are on month to month. Additional significant rental upside can be realized when units turn in the future.

Summary of 4065 Duquesne Ave Culver City , CA 90232

Asking Price:                   $3,160,000

Price Per Unit:                  $395,000

Price Per SqFt:                 $525

Cap Rate:                       3.36%

GRM:                              17.97x

Year Built:                     1949

Building Area:                  6,018 SF

Lot Size:                           8,105 SF

APN#:                         4207-009-011

Number of Units:             8

Zoning:                          R4

Unit Mix:                         8 x 1bed+1bath

Investment Highlights:

  • First time offered for sale since 1981 (40 years)!
  • Prime Value add apartment investment with significant rental upside potential
  • LOCATION, LOCATION, LOCATION! Prime Class A+ location in downtown district of Culver City; across the street from Culver City Hall, and walking distance to Sony Studios and Amazon Studios
  • Excellent demographics location with ±$104,795 average household income within a mile radius
  • Excellent access to FWY 10 and FWY 405; within minutes to Venice Beach and Marina Del Rey

Property Highlights:

  • Walker’s Paradise! Walk Score 92!
  • Two story garden style apartments in an excellent location
  • Laundry hookups in some units, original hardwood floorings, individual water heater
  • Garage parking; R4 Culver City zoning lot
  • Bright and spacious units (est. ±750sf/unit) with excellent layouts
  • Separately metered for electricity and gas, shared laundry room

 

Documents

Amenities

Washer/dryer in unit
Garage parking
Dishwasher in units

Map & Nearby Places

4065 Duquesne
Culver City, CA 90232
8 Bed | 8 Baths

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Martin Feinberg