$3,699,000
-$50,0009051 Lucerne Avenue, Culver City CA 90232
Multi-Family (3 Units)
Property type
304 days
On market
$973
Price per sqft
2 cars
Garage
2024
Year built
5,945 sqft
Lot size
Home highlights
Open Houses
Overview
This newly built triplex is a true best-in-class asset in one of the city's most coveted locations.Situated in the very heart of Culver City, this property is truly irreplaceable. Fully leased at top-of-market rents totaling $17,250 per month, it offers exceptional income stability. The tenant base consists of well-compensated professionals who prioritize location, amenities,...
Listing provided by: Christopher Newell DRE #02098665 310-993-9213, Berkshire Hathaway HomeServices California Properties, Ruth Elia DRE #01904112 310-869-3686, Christie's International Real Estate SoCal
Listing updated: Mar 3, 2026 at 05:41pm.
Last checked: Jun 13, 2026 at 01:30pm
Source: CRMLS #25579109
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | — | $7,300 | $7,300 | $7,300 | Unfurnished |
| 1 | 3 | 2 | — | $6,750 | $6,750 | $6,750 | Unfurnished |
| 1 | 1 | 1 | — | $3,200 | $3,200 | $3,200 | Unfurnished |
# of Buildings: 2
# of Units Total: 3
Separate Electric Meters: 3
Separate Water Meters: 3
Dishwasher: 3
Disposal: 3
Ranges: 3
Refrigerator: 3
Rent Control: No
Units Leased: 3
Tenant Pays: Electricity, Trash Collection, Water
Financial Snapshot
Gross Rent Multiplier
17.9x
List Price / Annual Gross Rent
Cap Rate
3.7%
NOI / List Price
Net Operating Income: $145,000
Interior
Interior Features: Open Floor Plan
Heating: Central
Appliances: Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave, Refrigerator, Range Hood, Dryer, Washer
Laundry: Dryer Included, Washer Included
Entry Location: Ground Level W, Steps
Exterior
Architectural Style: Contemporary
Stories Total: 2
Levels: One, Two
Window Features: Custom Coverings, Double Pane Windows
Construction Materials: Stucco
Direction Faces: South
Security Features: Security Gate
Lot Features: Back Yard
Pool: None
Spa: None
Water Source: Public
Sewer: Other
View: Hills
Patio and Porch Features: Front Porch
Garage and Parking
Parking: Carport, Door Multi, Direct Access, Driveway, Garage, Gated, Paved, On Street, Tandem
Garage Spaces: 2
Garage: Attached
Uncovered Spaces: 0
Carport Spaces: 2
Parking Total: 4
Lot Information
Land Lease: No
Parcel #: 4206009028
Additional Parcels: No
Zoning: CCR2YY
Lot Size Dimensions: 44x135
Community
HOA: No
Senior Community: No
High School District: Culver City Unified