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9051 Lucerne Ave
For Sale $3,699,000 ($973.42 per Sq Ft)
$3,699,000 ($973.42 per Sq Ft)
- 7 Bedrooms
- 6.00 Bathrooms
- 3,800 Sq Ft
- 5,945 Sq Ft
Description
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, and lifestyle over the commitments of ownership.Every element was thoughtfully curated -- from private entrances for each unit to white oak doors, premium countertops and flooring, designer fixtures, custom closet built-ins, and a full suite of new appliances.The location is unmatched -- walkable to: Culver Steps, Culver Hotel, Amazon Studios, Culver Studios, Erewhon, Trader Joe's, Salt & Straw, Philz Coffee, Platform Shopping District, Vespertine, Culver City Stairs, Helms Bakery District, and more.With State Assembly Bill 8 and other measures further restricting new development, opportunities of this caliber are increasingly scarce. Perfect for a 1031 Exchange, this property also offers flexibility for the discerning buyer who may choose to occupy one of the well-appointed units as a primary residence or pied-a-terre, enjoying the vibrancy of Culver City while collecting income from the additional units.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,699,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 3,800 |
| Number of Stories | 2 stories |
| Parking Spots | 4 spots |
| Year Built | 2024 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4206009028 |
| MLS # | 25579109 |
| Property ID | 319642988 |
| Lot Sqft | 5,945 |
| Zoning | CCR2YY |
| Total Units | 3 |
| Days on Market | 201 |
| Original List Price | $3,950,000 |
| Date Updated | March 03, 2026 |
| Date Created | August 15, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 3 | 2.50 | $7,300 | $7,300 |
| Unit #2 | 3 | 2.00 | $6,750 | $6,750 |
| Unit #3 | 1 | 1.00 | $3,200 | $3,200 |
| Gross Income (Yr) | $ 203,000 |
| Operating Expenses | $ 58,000 |
| Net Income (Yr) | $ 145,000 |
| Cap Rate | 3.70% |
Listing Provided By
Christopher Newell an agent of Christie's International Real Estate SoCal. Lic #02098665
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Robert Crawford
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