
5832 David Ave Los Angeles, CA 90034
Mid-City NeighborhoodEstimated payment $18,960/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
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 | -- | -- |
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 |
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Source: The MLS
MLS Number: 25524413

APN: 5065-020-008
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