Culver City CA  home offered at $1,450,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

3862 Prospect Avenue
Culver City, California CA 90232-3806
Sold For: $1,121,250
Listing ID: SB22209836
Price/SqFt: $615.40
Status: Closed
Sold Date: 2/07/2023
SqFt: 1,822 Sq Ft
Acres: 0.172 Acres
Year Built: 1926

This Charming duplex features 2 small homes on a 7500 SF lot with CCR4YY zoning. Both will be delivered vacant making this an ideal investment for owner-user, investor or developer. The front unit is a delightful 2BR/1BA with living room and awaiting your ideas for renovation. The rear cottage is a charming spacious 1 BR with hardwood floors, lots of closet space, tiled bathroom and charming kitchen that was recently renovated. It has a private back yard. There are pomegranate and citrus trees in the common yard waiting to be picked. There is a long driveway for an RV or many cars, a detached garage with plumbing, electric and water, currently used for laundry and storage, that could potentially be converted to an ADU (check with Culver City for feasibility).

Primary Features

County: Los Angeles
Price/SqFt: 615.4
Property Sub Type: Duplex
Property Type: Residential Income
Year Built: 1926
Zoning: CCR4YY

Interior

Appliances: yes
Appliances: Dishwasher, Freezer, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater
Average 1 Bed Area Units: Square Feet
Average 2 Bed Area Units: Square Feet
Average 3 Bed Area Units: Square Feet
Average Studio Area Units: Square Feet
Building Area Units: Square Feet
Common Walls: No Common Walls
Cooling: no
Cooling Type: None
Fireplace: no
Fireplace Features: None
Flooring: Wood
Garage Spaces: 1
Heating: yes
Heating Type: Floor Furnace
Interior Features: Storage, Tile Counters, Unfurnished
Laundry: yes
Laundry Features: In Garage
Levels: One
Number Wall AC: 1
Number With Range: 2
Number With Refrigerator: 2
Room Type: Kitchen, Laundry, Living Room
Spa: no
Spa Features: None
Stories Total: 1

External

Construction Materials: Frame, Stucco
Electric: Standard
Lot Features: Back Yard
Lot Size Area: 7500
Lot Size Source: Assessor
Lot Size Square Feet: 7500
Number Of Buildings: 2
Parking Total: 8
Pool Features: None
Private Pool: no
Property Attached: no
Roof: Shingle, Spanish Tile
Sewer: Public Sewer
Uncovered Spaces: 7
Water Source: Public

Location

Country: US
Elevation Units: Feet
MLS Area Major: C28 - Culver City

Additional

Accessibility Features: No Interior Steps
Additional Parcels: no
Assessments: Buyer to Verify, Unknown
Co List Agent State License: 01802527
Community Features: Sidewalks, Street Lights, Suburban
Days On Market: 64
List Agent State License: 01859768
List Office State License: 01878277
Lot Size Units: Square Feet
New Construction: no
Number Of Separate Electric Meters: 2
Number Of Separate Gas Meters: 2
Number Of Separate Water Meters: 2
Number Of Units Total: 2
Parcel Number: 4208022013
Senior Community: no
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected
Year Built Source: Assessor

Financial

Cap Rate: 2.3
Gross Multiplier: 22.59
Gross Scheduled Income: 64200
Insurance Expense: 2278
Land Lease: no
Maintenance Expense: 3050
Maintenance Percent: 5
Net Operating Income: 32738
New Taxes Expense: 18125
Operating Expense: 28252
Price Per Unit: 725000
Rent Control: yes
Special Listing Conditions: Standard, Trust
Tax Block: 3
Tax Census Tract: 7028.01
Tax Lot: 12
Tax Tract Number: 3170
Total Expenses: 28252
Trash Expense: 2000
Water Sewer Expense: 1000

Zoning Info


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Listed by: AlexSmith, DRE #01859768 from eXp Realty of California Inc 888-584-9427

Contact - Listing ID SB22209836

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

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