3115 Ivy St — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90034

Investment Figures

Cap rate
5.06%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 3115 Ivy Street, an 8-unit apartment community located in the highly desirable Culver City/ Palms neighborhood of West Los Angeles. Built in 1964, the property offers approximately 6,038 square feet of rentable living area on a 6,157-square-foot lot, providing investors with a well-located and stable asset in one of the Westside’s most consistently strong rental markets. The building features a practical and appealing unit mix, with bright interiors, efficient layouts, and the long-term durability associated with classic mid-century construction. These characteristics support steady tenant demand and create a reliable operating environment for ownership, while still offering clear opportunities for future modernization and value enhancement. 3115 Ivy Street benefits from an exceptional location just steps away from Culver City, placing residents near major employment centers such as Culver City’s expanding tech and creative office district, Sony Studios, and the broader Westside job base. The property is surrounded by a wide selection of dining, retail, and neighborhood conveniences along Venice Boulevard and Sepulveda Boulevard. Connectivity is another key advantage, with close access to the I-10 and I-405 F reeways as well as the Metro E Line, allowing for convenient travel throughout Greater Los Angeles. Situated within a supply-constrained, transit-oriented, and high-demand rental pocket, 3115 Ivy Street represents a compelling opportunity to acquire a well-maintained multifamily asset with stable in-place income and meaningful potential for long-term appreciation. Investment Highlights: • Excellent Culver City location surrounded by single-family homes • 8-unit building featuring an attractive mix of: one (1) bachelor, one (1) one-bed/one-bath, four (4) two-bed/two-bath, and two (2) three-bed/two-bath units • Two unoccupied two-car garages provide an opportunity for ADU expansion, secure storage rental, or additional pa

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.1% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Its 5.1% asking cap rate is in line with the Greater Los Angeles multifamily market average of about 5.0%.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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