CA > Culver City
Culver City, CA 90232,3826 Prospect AVE
Culver City, CA 90232,3826 Prospect AVE
Culver City, CA 90232,3826 Prospect AVE
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$3,150,000
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 $466

MLS Listing ID 25623749

Bedrooms 13

HOA Y/N No

Year Built 1968

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. Unit 1 is currently vacant, with financials reflecting projected market rent. 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 5.45% Cap Rate and 12.89 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

Read Less Info
CRMLS – RECore
Listed by Noam Srolovitz Kape Property Management, Inc.
Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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