Highlights
•Rare Playa del Rey multifamily opportunity •Five legal units plus one non-conforming unit •Prime coastal Westside location near beach and lagoon •Ideal for owner-user with lifestyle appeal •Private rooftop deck with scenic views •Updated interiors with coastal design elements •Diverse and character-rich unit mix •Separately metered electricity •Gated on-site parking •Highly desirable, supply-constrained location
Description
Realty Investment Advisors is proud to present 332 Culver Blvd & 363 Pershing, a distinctive five-unit multifamily property with an additional non-conforming income unit, ideally situated in the heart of Playa del Rey. This offering stands out in one of the Westside’s most sought-after coastal communities, just moments from the beach, lagoon, and surrounding natural open space that define the area’s laid-back character. The neighborhood blends a relaxed seaside lifestyle with close proximity to Marina del Rey, Silicon Beach, and major employment hubs, making it both unique and highly desirable for residents. The property includes five well-designed units with a diverse mix: a spacious 2,000+ SF two-bedroom, three-and-a-half-bath residence, two two-bedroom units with one-and-a-half baths, and two one-bedroom units with one-and-a-half baths. In addition, a separately leased non-conforming unit provides supplemental income. Units feature practical layouts and tasteful upgrades, with some offering private balconies. A standout upper-level residence includes a private rooftop deck with expansive views—an uncommon amenity for a property of this size and especially appealing for an owner-user seeking a lifestyle component. Additional highlights include separately metered electricity, on-site laundry, secured at-grade parking, and partial plumbing updates. The property has been well maintained, offering a straightforward and rewarding ownership experience. 332 Culver Blvd & 363 Pershing present a rare opportunity to acquire a truly one-of-a-kind multifamily asset in Playa del Rey, combining stable in-place income with a coastal setting that is increasingly difficult to replicate. Opportunities of this caliber—particularly at this scale and location—are limited.
Listing Details
- Cap Rate
4.49%
- Space Type
multifamily
- Sub Category
apartments-building
- Date Listed
3/30/2026
- Broker/Agent Co-op
Yes
- Net Operating Income
$118,648
- Parking Info
6
Property Specifics
- Property Name
Playa Del Rey Multi-Family Opportunity
- No of Buildings
1
- No of Stories
3
- No of Units
5
- Year Built
1972
- Building Size
5,368 SF
- Lot Size
4,069 SF
- APN
4116-009-053
- Occupancy
100%