Multifamily

3637 Sepulveda Apartments

3637 S Sepulveda Blvd, Los Angeles, CA 90034

Listing Price: $1,275,000

Cap Rate
4.05%
Number of Units
7
Price/Unit
$182,143
Price/Gross SF
$321.32
Gross SF
3,968

Investment Overview

THG Multifamily, as the exclusive listing agent, is pleased to present for-sale for the first time in 25 years 3637 Sepulveda (the “Property”), a 7-unit (5 + 2 non-conforming) value-add opportunity in Palms, an affluent neighborhood within the high growth Greater Culver City market in Los Angeles County. Strategically located between Beverly Hills, Century City, Venice, Marina Del Rey, and Santa Monica, 3637 Sepulveda provides residents continent access to a wide array of lifestyle amenities in the Westside and Downtown Culvercity, as well as strong job opportunities as many of the world’s largest companies including Google, Apple, Tesla, and Amazon have signed “mega-lease” deals in the area within the last two years. The mounting demand for luxury housing as a result of the region’s growth combined with the un-renovated unit interiors and long-term family ownership, makes 3637 Sepulveda a highly sought-after offering poised to deliver above average rent growth and appreciation.

Investment Highlights

  • HOME PRICING IN THE IMMEDIATE AREA PUTS OWNERSHIP OUT OF REACH – Single family home prices have risen over 60% during the last five years
  • $5B OF DEVELOPMENT ELEVATING THE WESTSIDE MARKET - Over $5 billion of world class development in creative office, industrial, retail, and residential surrounds the Property and is elevating demand for luxury housing on the Westside as a whole.
  • NEARLY 80% OF EMBEDDED AND RENOVATION UPSIDE - Built in 1955, investors can expect to grow revenue almost 80% by bringing units to market rate and upgrading interiors.
  • RECENT MEGA LEASES FROM TECH TITANS AND FORTUNE 500 COMPANIES SET THE STAGE FOR THE RAPID URBANIZATION OF THE PALMS' SUBMARKET

Exclusively Listed By

Listing Price: $1,275,000

Cap Rate
4.05%
Number of Units
7
Price/Unit
$182,143
Price/Gross SF
$321.32
Gross SF
3,968

Investment Highlights

  • HOME PRICING IN THE IMMEDIATE AREA PUTS OWNERSHIP OUT OF REACH – Single family home prices have risen over 60% during the last five years
  • $5B OF DEVELOPMENT ELEVATING THE WESTSIDE MARKET - Over $5 billion of world class development in creative office, industrial, retail, and residential surrounds the Property and is elevating demand for luxury housing on the Westside as a whole.
  • NEARLY 80% OF EMBEDDED AND RENOVATION UPSIDE - Built in 1955, investors can expect to grow revenue almost 80% by bringing units to market rate and upgrading interiors.
  • RECENT MEGA LEASES FROM TECH TITANS AND FORTUNE 500 COMPANIES SET THE STAGE FOR THE RAPID URBANIZATION OF THE PALMS' SUBMARKET

Investment Overview

THG Multifamily, as the exclusive listing agent, is pleased to present for-sale for the first time in 25 years 3637 Sepulveda (the “Property”), a 7-unit (5 + 2 non-conforming) value-add opportunity in Palms, an affluent neighborhood within the high growth Greater Culver City market in Los Angeles County. Strategically located between Beverly Hills, Century City, Venice, Marina Del Rey, and Santa Monica, 3637 Sepulveda provides residents continent access to a wide array of lifestyle amenities in the Westside and Downtown Culvercity, as well as strong job opportunities as many of the world’s largest companies including Google, Apple, Tesla, and Amazon have signed “mega-lease” deals in the area within the last two years. The mounting demand for luxury housing as a result of the region’s growth combined with the un-renovated unit interiors and long-term family ownership, makes 3637 Sepulveda a highly sought-after offering poised to deliver above average rent growth and appreciation.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower