$2,500,000
MLS: 26993029
Beds
10
Baths
6
Sq Ft
4,692
Lot
0.17 ac
Year Built
1948
MLS #
26993029
Days on Market
18
Listed
Oct 2, 2026
Description
EXCEPTIONAL CULVER CITY INVESTMENT WITH TREMENDOUS INCOME UPSIDE! Rare 5-unit property offering an outstanding opportunity to acquire a significantly under-market income property in one of Culver City's most desirable rental locations. The property consists of three 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, plus a separate 4-bedroom/2-bath rear house. Current gross rents are only $7,904 per month ($94,848 annually), providing substantial long-term upside as rents transition toward prevailing market levels, subject to applicable rent-control and tenant-protection regulations. Projected market rents are approximately $16,400 per month, or $196,800 annually...more than double the property's current gross income. This represents over $100,000 in potential additional annual gross income at projected market rents. Adding to the opportunity, the detached 4-bedroom/2-bath rear house is expected to be delivered vacant, giving the new owner an immediate opportunity to capture substantially higher income from a major component of the property. Lease it at market rent, renovate and reposition it, or consider it for owner occupancy while collecting income from the four apartment units. This is exactly the type of value-add opportunity that has become increasingly difficult to find in Culver City: strong existing income, dramatically below-market rents, an excellent unit mix, a vacant detached house, and significant future income potential. Prime Culver City location convenient to Downtown Culver City, restaurants, shopping, entertainment, transportation and major Westside employment centers. An exceptional opportunity for an investor willing to look beyond today's income and recognize the property's considerable long-term potential. Projected market rents are estimates only and are not guaranteed. Buyer to independently investigate rental rates, rent-control requirements and all applicable regulations.
Location
Culver City, Los Angeles County, CA 90232
Open on Google Maps ↗Listed by: Martin Feinberg · KW Westside Estates
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$19,420
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $250,000 · Loan: $2,250,000
Average 30-yr fixed rate 7.40% as of Oct 15, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $15,579
- Property tax (1.25%)
- $2,604
- Homeowners insurance
- $300
- Mortgage insurance
- $938
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Oct 15, 2026
- 30-year fixed
- 7.40%
- 15-year fixed
- 6.71%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down+
First-time and repeat buyers can purchase this Culver City home with as little as 3.5% down using an FHA loan — roughly $87,500 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
Local Market Stats
See Culver City, CA 90232 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor, Antelope Valley
Only large teams outsell Mike Watson · Keller Williams Realty
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