3834 Sawtelle BLVD

Available for the first time in well over 30 years, this 8* unit (*legally 7) investment property is located in Culver City (Los Angeles P.O.), is listed at a current 5.46% Cap Rate, with almost 20 % +/- rental upside! There is also assumable financing available, at 3.75%, interest only, for 55 months! The units are comprised of Seven 1 Bedroom units and One Studio (nonconforming), and are organized around a charming central courtyard, with attractive landscaping and seating areas for tenants. The units are all very spacious, and common area expenses are very minimal (contact agent for details). This is a very charming gem of a property; the nearly 10,000 square foot lot is surrounded by a line of trees, helping to keep the central courtyard as quiet and peaceful as possible for tenants. There are also 8 garages in the back, some of which are leased out by the owner for additional income, and onsite laundry (owned) is available for tenant s convenience. Each unit has its own individual water heater and two units have fireplaces. Utilities are also very low at this property - check with agent for details.