Investment Overview

Marcus & Millichap is pleased to present Forty6Twenty Apartments, a fully renovated 28-unit apartment building located at 4620 S Slauson Avenue in the Culver City area of Los Angeles, California. The property features 14 one-bedroom and 14 two-bedroom units across ±20,043 rentable square feet on a ±22,525-square-foot lot, offered at $9,900,000 ($353,571/unit, $493.94/SF). Built in 1988 and renovated in 2015, the building generates $535,293 in net operating income at a 5.41% cap rate, with additional revenue from RUBS ($40,831), a cell tower ($30,800), pet rent, and laundry income. All units feature modern finishes including G.E./Hotpoint appliances, quartz countertops, upgraded flooring, central air conditioning, and Nest thermostats, with in-unit washers and dryers in every two-bedroom unit. The property includes 30 covered parking spaces, a private gated entry with video surveillance, on-site management, and a new roof coating completed in 2024. The property is positioned in the heart of LA's Silicon Beach corridor, minutes from Downtown Culver City, the 405 Freeway, and the 90 Freeway, with direct access to one of the nation's fastest-growing tech and entertainment ecosystems. Over 700 tech companies operate within the Silicon Beach submarket, including Google, Amazon Studios, Sony Pictures (3,000 employees), Hulu (2,500 employees), Snap Inc., and Facebook, collectively injecting $1.2 billion into the local economy. The 1-mile radius holds 36,635 residents with an average household income of $162,861, rising to $183,667 within 3 miles, reflecting the affluent, highly educated workforce drawn by the tech and entertainment industries. Nearby developments including Culver Crossings, Entrada Culver City, and the Cedars Sinai Development underscore continued growth and investment in the trade area, positioning this turnkey asset for long-term appreciation in one of LA's most dynamic rental markets.