3826 Prospect AVE, Culver City, CA 90232
3826 Prospect AVE, Culver City, CA 90232
3826 Prospect AVE, Culver City, CA 90232
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,965,000
Est. payment /mo
13 Beds
12 Baths
6,749 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,749 sqft

Price per Sqft $439

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 5.92% 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

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

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Listed by Noam Srolovitz Kape Property Management, Inc. #02069623

NEARBY SCHOOL & BUSINESS

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