Featured Investment Opportunity
4270 Elenda Street
Culver City, CA 90230 — Fully Occupied Triplex with Detached 3-Car Garage
Offered Price
$1,999,000
Price / Unit
$666,333
Current Cap Rate
3.88%
Pro Forma Cap
4.24%
Current GRM
20.2x
Executive Summary
NP Realty is pleased to present 4270 Elenda Street, a fully occupied triplex located in the heart of Culver City. The property consists of three 1-bedroom, 1-bathroom units and has been extensively renovated between 2017 and 2022, with significant improvements to major building systems and interiors.
With stable occupancy, below-market rents, and a highly desirable location near Culver City's schools, parks, employment centers, and dining destinations, the property offers investors a compelling opportunity to acquire a well-maintained asset with both dependable current income and long-term rental upside.
Investment Highlights
Property Summary
Capital Improvements & Renovations Summary
Comprehensive log of systematic structural updates, modernized utility systems, and premium designer interiors
The Culver City Market Advantage
Macro data overview tracking local submarket rental metrics and geographic cap premiums
Culver City Rental Market Snapshot (2026)
| Data Source / Platform | Avg 1BR Rent Value |
|---|---|
| Apartments.com | $2,764 |
| RentCafe | $3,162 |
| Rent.com | $2,850 |
| Zumper | $2,895 |
| Subject Property (Current) | $2,748 |
| Subject Property (Pro Forma) | $2,950 |
Cap Rate Comparisons
| Regional Market Pool | Average Cap Yield Range |
|---|---|
| LA Multifamily (General Pool) | 4.0% - 5.5% |
| Culver City / Palms Premium Sector | 3.75% - 4.75% |
| Subject Property (Current Actual) | 3.88% |
| Subject Property (Pro Forma) | 4.24% |
Location Highlights & Macro Demand Drivers
Global Tech & Media Anchor
Culver City acts as one of Southern California's primary employment engines, serving as the Westside corporate headquarters for major media, technology, and gaming giants. High-income staff from nearby campuses—including Sony Pictures Studios, Apple TV+, Amazon Studios, and TikTok—form an elite, recession-resistant local renter pool.
Highly Coveted Educational Belt
Highly rated public schools attract long-term residents and families to the area. This property is located within easy walking distance (under 0.3 miles) to the unified school cluster: Farragut Elementary, Culver City Middle School, and Culver City High School. Proximity to Veterans Park further cements this neighborhood as a family-friendly haven.
Central Westside Connectivity
Positioned directly between the beaches of Venice and Santa Monica and the urban centers of Downtown Los Angeles, the property enjoys seamless regional transit access. Commuters benefit from proximity to the I-405, I-10 freeways, and the Culver City Metro Expo Line Station, providing seamless direct rail transit to Downtown Los Angeles, Santa Monica, and key regional transfer lines to LAX.
Financial Underwriting & Return Matrix
Detailed itemized operating balance sheet backed by stable, low-maintenance ratios
Live Underwriting Sandbox
1. Capital Parameters
2. Current Monthly Rent Roll
3. Major Operating Expenses
Annualized Expenses
Asset Return Matrix
Rent Roll Summary
| Unit | Layout | Laundry | Garage Allocation | Current | Pro Forma |
|---|---|---|---|---|---|
| 4270 (Unit 1) | 1BD / 1BA | In-Unit Stack | 1-Car Bay (Detached Garage) | $2,752 | $2,950 |
| 4272 (Unit 2) | 1BD / 1BA | In-Unit Stack | 1-Car Bay (Detached Garage) | $2,697 | $2,950 |
| 4274 (Unit 3) | 1BD / 1BA | In-Unit Stack | 1-Car Bay (Detached Garage) | $2,795 | $2,950 |
| Total Cashflow | $8,244/mo | $8,850/mo | |||
Property Access & Buyer Procedures
All units are occupied. Please do not disturb or contact tenants directly. Property tours and inspections will be coordinated by the listing broker upon verification of buyer qualifications and review of a qualified offer.
Exclusively Marketed By
Baotuan Nguyenphuoc
Broker: NP Realty • DRE #01807001