3826 Prospect Avenue, Culver City, CA 90232
3826 Prospect Avenue, Culver City, CA 90232
3826 Prospect Avenue, Culver City, CA 90232
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$2,975,000
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6,749 SqFt
Active

3826 Prospect Avenue Culver City, CA 90232

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,749 sqft

Price per Sqft $440

MLS Listing ID CL25623749

HOA Y/N No

Year Built 1968

Lot Size 7,497 Sqft

Acres 0.17

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 5.85% 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

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


Bridge MLS
Listed by Noam Srolovitz • Kape Property Management, Inc.

Nearby Locations

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Harold Thomas

Harold Thomas

Broker | License ID: 01208644

+1(510) 214-6788

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3826 Prospect Avenue