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3826 Prospect Avenue, Culver City, CA 90232
Priced at Only: $2,995,000
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Address: 3826 Prospect Avenue, Culver City, CA 90232
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  • MLS#: 25623749 ( )
  • Street Address: 3826 Prospect Avenue
  • Viewed: 1
  • Price: $2,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1968
  • Bldg sqft: 0
  • Days On Market: 89
  • Additional Information
  • County: LOS ANGELES
  • City: Culver City
  • Zipcode: 90232
  • Provided by: Kape Property Management, Inc.
  • Contact: Noam Noam
  • California Regional MLS IDX
  • DMCA Notice
  • 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 seismic retrofit, ADU plans may satisfy retrofit requirements. Buyer to verify**. 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.
Features
Appliances
  1. Refrigerator
  2. Dishwasher
Building Area Total
  1. 6749.00
Country
  1. US
Heating
  1. Combination
  2. Wall Furnace
Interior Features
  1. Ceiling Fan(s)
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Multi/Split
Netoperatingincome
  1. 174089.00
Parcel Number
  1. 4208022006
Parking Features
  1. Assigned
Postalcodeplus4
  1. 3856
Sourcesystemkey
  1. 25623749:CLAW
Totalexpenses
  1. 72097.00
Year Built
  1. 1968
Zoning
  1. CCR4YY
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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