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$2,870,000

Est. payment - /mo

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12 Beds

12 Baths

6,749 SqFt

New

3826 Prospect AVE Culver City, CA 90232

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,749 sqft

Price per Sqft $425

MLS Listing ID 25549265

Bedrooms 12

HOA Y/N No

Year Built 1968

Lot Size 7,496 Sqft

Property Description

Get ready to jump on an incredible opportunity in the heart of Culver City! Family owned and managed, first time on the market in 49 years. A short distance from Sony Studios and the vibrant energy of Downtown Culver City! Your future tenants will love the easy access to hot spots like One Culver, Culver Steps, Erewhon, Amazon Studios, NFL Network, Equinox Culver City, and Ivy Station. This prime location ensures high demand and continued appreciation. Offered at a current GRM of 12.24 and cap rate of 5.65% and a pro-forma cap rate of 6.54%. This property offers an outstanding unit mix designed to attract a variety of tenants, including one spacious 3-bedroom/2-bathroom unit, four comfortable 2-bedroom/1.75-bathroom units, one 1-bedroom unit, one large Single unit with a private patio and one large office/storage room which is rented but may be delivered vacant. Tenants benefit from 11 on-site parking places and you'll enjoy supplemental income from the on-site laundry. As an added plus, four of the seven units have undergone extensive and tasteful renovations within the past several years. You will also benefit from a low expense ratio on this well maintained property which includes a high quality double layer roof with a warranty that extends to 2037. With 6,749 SF of living area on a generous 7,495-SF lot and CCR4 zoning, this Culver City gem is truly a long-term investment you won't want to miss. It's an opportunity to secure a high-performing asset in one of the most desirable locations!

Location

State CA

County Los Angeles

Area C28 - Culver City

Zoning CCR4YY

Interior

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Covered

Total Parking Spaces 11

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4208022006

Special Listing Condition Standard

Listed by Gianluca Jacoli • Shield CRE, Inc.

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