We are pleased to present 332 Culver Blvd & 363 Pershing, a rare coastal income property highlighted by an extraordinary 2,000+ SF two-bedroom, three-and-one-half-bath two-story residence, ideally located in the heart of Playa del Rey. A private rooftop deck with sweeping views further distinguishes the residence, providing a unique outdoor setting for entertaining and relaxation. Offering the space and privacy typically associated with a single-family home, the oversized residence creates a compelling opportunity for an owner-user to enjoy an exceptional coastal lifestyle while benefiting from substantial rental income generated by the balance of the property. In addition to the residence, the property includes four additional legal units consisting of one two-bedroom one and half bath and three one-bedroom one and half bath residences, along with a separately leased non-conforming unit providing supplemental income. The residences offer well-designed floor plans and tasteful updates, with select units featuring private balconies. The property also benefits from separately metered electricity, on-site laundry, secured on-grade parking, and portions of updated plumbing. Located just minutes from the beach, Playa del Rey Lagoon, and the neighborhood's expansive natural open space, the property offers a distinctly residential coastal setting with convenient access to Marina del Rey, Silicon Beach, LAX, and the broader Westside. 332 Culver Blvd & 363 Pershing offers a combination rarely available in the Los Angeles multifamily market: a substantial owner's residence, multiple income-producing units, and an irreplaceable coastal location. For an owner-user seeking the benefits of both a private residence and an investment property, this is a truly distinctive opportunity.
Westchester Enriched Sciences Magnet Health/Sports Medicine
Public 9-12 • Assigned • 1.0mi
5/10
Provided by GreatSchools
About Playa del
Rey
Playa del Rey, located between Marina del Rey and El Segundo, is a coastal and residential Los Angeles neighborhood with a wide sandy beach and a laid-back harbor edge. The neighborhood’s character concentrates around Culver Boulevard near Vista del Mar, where surf shops, low-key cafes, and patio dining meet the salt-air stroll. Playa Provisions, Tanner’s Coffee, and The Shack anchor the local scene with a distinctly beach-town cadence. Streets mix mid-century apartments, compact bungalows, and newer condos, often oriented to ocean breezes. Blufftop paths and the Ballona Wetlands frame daily walks with birdlife and open sky. The shoreline and bike routes link naturally to outdoor routines and after-work sunsets.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Community laundry
Bedrooms
Unit mix includes 2-bed and 3-bed units
Bathrooms
Units range from 1 to 3.5 bathrooms
Laundry & utility
Community laundry
Flooring
Other flooring
Heating & cooling
Wall/window unit cooling
Other heating
Exterior features
No additional structures
Home design
Residential income property
Multi-level building with 3 total floors
Zoned LAC4
Parking
Gated 1-car garage
Total of 6 parking spaces
Security
Gated garage
Utilities
Owner pays gardener and water
Tenants pay gas and electric
Water heaters present
HOA & community
Complex contains 5 total units
Financial info
Gross income reported at 200,400
Gross operating income reported at $194,388
Net operating income reported at $127,491
Total annual expenses reported at $66,897
Cap rate 5.11
Gross rent multiplier 12.45
Vacancy allowance 3%
Rent control indicated
Unit rents and counts provided for 4 units (actual rents shown)
Other
Property consists of 2 buildings
All units are apartments
Scheduled rents listed as Scheduled
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Beds
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Lot width
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Lot depth
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Lot size
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Year renovated
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Los Angeles County
APN
4116-009-053
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Last updated by owner on Sep 10, 2026.
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