19
See all 19 photos
$2,870,000
Est. payment /mo
12 Beds
12 Baths
6,749 SqFt
New
3826 Prospect AVE Culver City, CA 90232
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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.