$3,250,000

Estimated payment $18,960/month

Total Views 2,657
11 Beds
10 Baths
4,800 Sq Ft
$677 Price per Sq Ft

About This Home

Introducing The David III, a newly built luxury triplex offering approx. 4,800 SF of living space across three vacant, design-forward residences in the heart of Culver City's creative district. This SB-8 exempt, nonrent controlled asset features a total of 11 beds and 9 baths, including a 4BD/3.5BA front unit with private yard, a 3BD/2.5BA middle unit, and a 4BD/3BA rear unit with a full-floor primary suite and expansive backyard. Each home showcases open layouts, designer finishes, custom kitchens, wide-plank flooring, side-by-side parking, and solar panels that reduce utility expenses and boost long-term returns. With projected gross rents of $19,000/month, the offering delivers a CAP rate of approx. 5.61% and a 14.25 GRM based on current pricing. Located minutes from Erewhon, Helms Bakery, and top employers like Amazon Studios, Google, Sony, and TikTok, this is a rare opportunity to own premium new construction in one of LA's fastest-growing submarkets. Contact the listing agent for full financials and private showings.

Listing Agent

Oliver Thornton

Hollywood Estates License #01969227 Listed on: 05/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,014

Year Built

  • Built in 2025

Lot Details

  • 4,983 Sq Ft Lot
  • Lot Dimensions are 50x100

Parking

  • 5 Car Garage
  • 1 Carport Space
  • Driveway
  • On-Street Parking

Home Design

  • Split Level Home

Interior Spaces

  • 4,800 Sq Ft Home
  • 3-Story Property

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Solar Power System
  • Central Heating and Cooling System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5065-020-008

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,014

Year Built

Built in 2025

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Entry Floor: 1
  • Living Area: 4800
  • Lot Acreage: 0.1144
  • Lot Dimensions: 50x100
  • Stories: 3
  • Year Built: 2025
  • Number Of Photos: 71
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 10.00
  • Equipment: Range/Oven, Refrigerator, Solar Panels, Washer, Microwave, Garbage Disposal, Freezer, Dishwasher, Dryer
  • Price Per S Q F T: 677.08

Exterior Features

  • Other Structures: None

Garage/Parking

  • Carport Spaces: 1
  • Garage Spaces: 5
  • Parking Garage: Garage - 4+ Car, Carport, On street, Driveway
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 25.94
  • Assessed Improvement Value: 317500
  • Assessed Land Percent: 74.06
  • Assessed Land Value: 906500
  • Total Assessed Value: 1224000
  • Assessor Parcel Number: 5065-020-008
  • Lot Size Area: 4983

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 14.25
  • Number Of Units: 3
  • Total Annual Expense: 45600
  • Type Of Units: New Units
  • Vacancy Rate: 100

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,014 $1,248,480 $924,630 $323,850
2024 $15,014 $1,224,000 $906,500 $317,500
2023 $15,320 $1,249,500 $999,600 $249,900
2022 $14,610 $1,225,000 $980,000 $245,000
2021 $3,885 $310,477 $195,430 $115,047
2020 $3,920 $307,295 $193,427 $113,868
2019 $3,772 $301,271 $189,635 $111,636
2018 $3,664 $295,365 $185,917 $109,448
2016 $3,492 $283,898 $178,699 $105,199
2015 $3,260 $264,387 $176,015 $88,372
2014 $3,279 $259,209 $172,568 $86,641
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2025 05/16/25 For Sale $3,250,000 +165.5% $677 / Sq Ft
11/14/2023 11/14/23 Sold $1,224,000 -2.0% $789 / Sq Ft
10/04/2023 10/04/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $1,249,000 +2.0% $805 / Sq Ft
12/09/2021 12/09/21 Sold $1,225,000 -9.2% $789 / Sq Ft
11/05/2021 11/05/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $1,349,000 -- $869 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,225,000 Fidelity National Title
Interfamily Deed Transfer -- Provident Title Company
Interfamily Deed Transfer -- Chicago Title
Interfamily Deed Transfer -- Southland Title
Grant Deed $179,000 Southland Title
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,500,000 New Conventional
Closed $25,000 Commercial
Closed $857,500 New Conventional
Previous Owner $650,000 New Conventional
Previous Owner $8,001 Future Advance Clause Open End Mortgage
Previous Owner $252,000 New Conventional
Previous Owner $45,000 Credit Line Revolving
Previous Owner $225,000 Unknown
Previous Owner $198,000 Unknown
Previous Owner $136,500 Construction
Source: Public Records

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Source: The MLS

MLS Number: 25524413

The MLS

APN: 5065-020-008