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$3,100,000

Est. payment - /mo

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13 Beds

12 Baths

6,749 SqFt

Price Dropped by $50K

3826 Prospect AVE Culver City, CA 90232

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Patti Gregory

pattigregoryrealestate@gmail.com +1(714) 398-1998

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,749 sqft

Price per Sqft $459

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 5.62% Cap Rate and 12.59 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. 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.

SCHOOLSPROPERTIES

Elementary Schools 20

10

Westwood Charter Elementary School

Public | KG - 5
10

El Marino Elementary School

Public | KG - 5
10

Farragut Elementary School

Public | KG - 5
9

Mar Vista Elementary

Public | KG - 5
9

Fairburn Avenue Elementary School

Public | KG - 5
9

Clover Avenue Elementary School

Public | KG - 5
9

Overland Elementary School

Public | KG - 5
9

Citizens of the World 3

Public | KG - 5
9

Playa del Rey Elementary

Public | KG - 5
9

Cowan Avenue Elementary School

Public | KG - 5
9

Canfield Avenue Elementary School

Public | KG - 5
8

Coeur d'Alene Avenue School

Public | KG - 5
8

Richland Avenue Elementary

Public | KG - 6
8

Ocean Charter

Public | KG - 8
8

Castle Heights Elementary School

Public | KG - 5
8

El Rincon

Public | KG - 5
7

Nora Sterry Elementary School

Public | KG - 5
7

Goethe International Charter

Public | KG - 8
7

Linwood E. Howe Elementary School

Public | KG - 5
6

Short Avenue Elementary

Public | KG - 6

Middle Schools 20

8

New West Charter

Public | 6 - 10
8

Los Angeles Center for Enriched Studies

Public | 6 - 12
7

Palms Middle School

Public | 6 - 8
7

Culver City Middle School

Public | 6 - 8
6

Emerson Community Charter

Public | 6 - 8
5

Mark Twain Middle School

Public | 6 - 8
5

Magnolia Science Academy 4

Public | 6 - 12
5

Icef Vista Middle Academy

Public | 6 - 8
5

Magnolia Science Academy 6

Public | 6 - 8
4

Daniel Webster Middle School

Public | 6 - 8
3

Animo Westside Charter Middle School

Public | 6 - 8
2

Marina Del Rey School

Public | 6 - 8
0

Fusion Academy - los Angeles

Private | 6 - 12
0

City Charter Middle School

Public | 6 - 8
0

James J. Mcbride Special Education Center

Public | 6 - 12
0

Windward School

Private | 7 - 12
0

Westview School

Private | 7 - 12
0

Angela's Workshop

Private | 6 - 12
0

Yeshivat Ohr Chanoch

Private | 8 - 12
0

Star Preparatory Academy

Private | 6 - 12

High Schools 11

8

Culver City High School

Public | 9 - 12
6

Venice High School

Public | 9 - 12
5

Alexander Hamilton High School

Public | 9 - 12
0

Arete Preparatory Academy

Private | 9 - 12
0

Phoenix Continuation

Public | 9 - 12
0

Notre Dame Academy Girls High School

Private | 9 - 12
0

Yula Boys High School

Private | 9 - 12
0

Culver Park High School

Public | 10 - 12
0

Cheviot Hills Continuation

Public | 9 - 12
0

Yula Girls High School

Private | 9 - 12
0

Mesivta Birkas Yitzchok

Private | 9 - 12

School and business data provided by Attom Data.