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$ 2,975,000
Est. payment /mo
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3826 Prospect AVE Culver City, CA 90232
13 Beds
12 Baths
6,749 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,749 sqft
Price per Sqft $440
MLS Listing ID 25623749
Bedrooms 13
HOA Y/N No
Year Built 1968
Lot Size 7,496 Sqft
Property Description
We are pleased to present this 7-unit turnkey gem in the heart of Culver City, offering a perfect blend of stability, style, and upside potential! This asset comprises an attractive, extra-large unit mix consisting of two 1-Bed/1-Baths, four 2-Bed/2-Baths, and one 3-Bed/1-Bath. On title, unit 1 is shown as a studio, but is configured as a 1-bedroom apartment. The remaining units are occupied by long-term tenants paying near-market rents, providing reliable income with room for steady rent growth. Four of the seven residences have been fully remodeled with designer-quality finishes, while the remaining three are in good condition and require only minimal updates. The property boasts strong in-place performance with a 5.85% Cap Rate and 12.17 GRM, offering immediate returns and long-term appreciation potential. Residents benefit from 11 on-site parking spaces, and the building generates additional income from on-site laundry. The building is impeccably maintained with no deferred maintenance; the roof remains under warranty, and upgraded electrical systems meet top insurance standards. Additionally, Planning Department-approved plans for two ADU's, currently under Building Department review, provide a nice opportunity to expand income and enhance future value. ***Property requires seismic retrofit, ADU plans may satisfy retrofit requirements. Buyer to verify**. This prime location is just minutes from Downtown Culver City, with convenient access to the 405 and 10 freeways. Situated just blocks from a vibrant shopping center featuring local favorites, this is a highly attractive setting for residents seeking convenience and lifestyle.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCR4YY
Interior
Interior Features Ceiling Fan(s)
Heating Combination, Wall Furnace
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Exterior
Parking Features Assigned
Total Parking Spaces 11
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4208022006
Special Listing Condition Standard
Listed by Noam Srolovitz Kape Property Management, Inc. #02069623
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