10714-10720 Charnock Rd

From Triplex to 5 Units. Owner Pivoted, We Closed.

The owner originally purchased this as a triplex with plans to develop the site. When the development market shifted, he pivoted. Instead of knocking it down, he fully renovated the three existing units and added two brand new ADU units in the rear, creating a five-unit boutique property with luxury finishes throughout. Two of the five units are new construction completed in 2024 and are not subject to rent control. We brought it to market as a fully renovated, turnkey asset and sold it at $376,000 per unit with a 6.05% cap rate. The buyer got a day-one cash flowing property in one of the Westside's fastest appreciating neighborhoods.

Transaction Highlights

• Originally a triplex planned for development. Owner pivoted when market shifted.
• Two brand new ADU units (2024) added — not subject to rent control.
• All five units fully renovated: quartz counters, in-unit W/D, mini-split HVAC.
• 6.05% cap rate. $376K per unit. Turnkey, no deferred maintenance.
• Prime Palms location steps from Downtown Culver City, n/naka, and the Expo Line.
• Closed in a challenging rate environment at strong pricing.