What does it take to find 5 vacant units in a 7-unit building steps from Downtown Culver City?
Maher Commercial Realty just closed the sale of 3736 Westwood Boulevard for $1,825,000, in the Palms submarket adjacent to Culver City.
This building offered something genuinely rare for this location: five of the seven units delivered vacant, with the remaining two already rented below market. That gives the buyer an immediate path to bring rents to current market levels, rather than waiting years for turnover.
The unit mix is diverse, ranging from a bachelor unit to a full three-bedroom, spread across a 6,336 square foot building on a 7,877 square foot lot.
For an investor focused on value-add multifamily, opportunities with this much vacancy already in place, in a location this tight, don’t come around often.
Own an apartment building in Palms or Culver City and want to understand what it would trade for today?
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