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3826 Prospect Ave
For Sale $3,100,000 ($459.33 per Sq Ft)
$3,100,000 ($459.33 per Sq Ft)
- 7 Units
- 6,749 Sq Ft
- 7,497 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,100,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,749 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1968 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 4208022006 |
| MLS # | 25623749 |
| Property ID | 293160431 |
| Lot Sqft | 7,497 |
| Zoning | CCR4YY |
| Total Units | 7 |
| Days on Market | 88 |
| Original List Price | $3,150,000 |
| Date Updated | January 07, 2026 |
| Date Created | December 01, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $2,850 | $2,850 |
| Unit #2 | 2 | 2.00 | $2,690 | $3,300 |
| Unit #3 | 1 | 1.00 | $2,475 | $2,700 |
| Unit #4 | 2 | 2.00 | $3,250 | $3,300 |
| Unit #5 | 2 | 2.00 | $2,795 | $3,300 |
| Unit #6 | 2 | 2.00 | $2,615 | $3,300 |
| Unit #7 | 3 | 2.00 | $3,841 | $4,000 |
| Gross Income (Yr) | $ 246,187 |
| Operating Expenses | $ 72,097 |
| Net Income (Yr) | $ 174,089 |
| Cap Rate | 5.62% |
Listing Provided By
Noam Srolovitz an agent of Kape Property Management, Inc.. Lic #02069623
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Robert Crawford
REAL ESTATE AGENT