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$ 2,965,000
Est. payment /mo
Active
3826 Prospect Avenue Culver City, CA 90232
6,749 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,749 sqft
Price per Sqft $439
MLS Listing ID CL25623749
HOA Y/N No
Year Built 1968
Lot Size 7,497 Sqft
Acres 0.1721
Property Sub-Type Other
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 5.92% Cap Rate and 12.04 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
Zoning CCR4YY
Interior
Heating Wall Furnace, Other
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
New Construction No
Others
Tax ID 4208022006
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Listed by Noam Srolovitz • Kape Property Management, Inc.