Property listed by Hollywood Estates, Oliver Thornton 310-704-1794
$3,250,000
Introducing The David III, a newly built luxury triplex offering approx. 4,800 SF of living space across three vacant, design-forward residences in the heart of Culver City's creative district. This SB-8 exempt, nonrent controlled asset features a total of 11 beds and 9 baths, including a 4BD/3.5BA front unit with… Read More private yard, a 3BD/2.5BA middle unit, and a 4BD/3BA rear unit with a full-floor primary suite and expansive backyard. Each home showcases open layouts, designer finishes, custom kitchens, wide-plank flooring, side-by-side parking, and solar panels that reduce utility expenses and boost long-term returns. With projected gross rents of $19,000/month, the offering delivers a CAP rate of approx. 5.61% and a 14.25 GRM based on current pricing. Located minutes from Erewhon, Helms Bakery, and top employers like Amazon Studios, Google, Sony, and TikTok, this is a rare opportunity to own premium new construction in one of LA's fastest-growing submarkets. Contact the listing agent for full financials and private showings. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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