332 Culver Blvd & 363 Pershing Ave

Property Overview

A truly unique five-unit multifamily with an additional non-conforming income unit in the heart of Playa Del Rey. The property features a diverse unit mix: one large 2,000+ SF two-bedroom, three-and-a-half bath residence with a private rooftop deck, two two-bedroom units, and two one-bedroom units, plus one separately leased non-conforming unit for supplemental income. Select units have balconies. The upper-level residence with rooftop views is particularly compelling for an owner-user. Separately metered electricity, on-site laundry, secured on-grade parking, and portions of updated plumbing. Near the beach, the lagoon, and the natural open space that defines Playa Del Rey. Opportunities at this scale in this zip code are rare.

Investment Highlights

• Just reduced. Five legal units plus one non-conforming income unit.
• 2,000+ SF upper residence with private rooftop deck. Ideal for owner-user.
• Diverse unit mix: 2BR/3.5BA, two 2BR/1.5BA, two 1BR/1.5BA, plus NCU.
• Separately metered electricity. On-site laundry. Secured parking.
• Walk to the beach, lagoon, Marina del Rey, and Silicon Beach.
• Coastal Playa Del Rey: fewer than 10 multifamily trades per year in this zip.

Neighborhood

Playa Del Rey is a small coastal neighborhood between Marina Del Rey and El Segundo. Relaxed atmosphere, close to Silicon Beach employment centers. Almost no multifamily inventory trades here, which is why vacancy stays near zero and rents hold.