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3873 College Ave

Culver City, CA 90232
  • $2,800,000
  • STATUS: Active Under Contract
  • ON SITE: 154 Days
  • MLS #: 24-430763
Under Contract
UPDATED: 198 min ago
$2,800,000
  • 16
    BEDS
  • 0.21
    ACRES
  • 17
    BATHS
  • 0
    1/2 BATHS
  • 8,912
    SQFT
  • $314
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:
Area:

School Ratings & Info

Description

IMPROVED PRICING! We are pleased to present the opportunity to acquire 3873 College Avenue, an 8-unit multifamily investment in one of the most desirable submarkets in Los Angeles. The area around 3873 College Ave in Culver City offers a variety of amenities suitable for renters. The location is very walkable with a variety of shops and essential services within easy reach. This area also enjoys good transit connections and is very bikeable, enhancing mobility for residents without vehicles. The property currently features 8,912 square feet of gross rentable area, situated on a 9,029-square foot lot. The 8-unit building is composed of 7 two-bedroom/two-bathroom units and 1 Town-Home Style two-bedroom/two and one-half bathroom Owner's Unit. The property also offers gated parking for tenants. Culver City is a hub for tech and media companies, including several studios and digital media firms. The proximity to such companies makes it an attractive location for professionals working in these industries. This blend of convenient amenities and access to job opportunities makes 3873 College Ave an appealing choice for potential renters.Due to the property's premier location, 3873 College Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset with strong in-place rents in the heart of Culver City.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-01-23T23:43:15.347. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/153916128
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3873 College Ave Culver City, CA 90232

  • Price: $2,800,000
  • Status: Active Under Contract
  • On Site: 154 Days
  • Updated: 198 min ago
  • MLS #: 24-430763
16
Beds
17
Baths
0
½ Baths
0.21
Acres
8,912
SQFT
$314
$/SQFT
1973
Built
Neighborhood:
Culver City
County:
Los Angeles
Area:
Culver City
Property Description
IMPROVED PRICING! We are pleased to present the opportunity to acquire 3873 College Avenue, an 8-unit multifamily investment in one of the most desirable submarkets in Los Angeles. The area around 3873 College Ave in Culver City offers a variety of amenities suitable for renters. The location is very walkable with a variety of shops and essential services within easy reach. This area also enjoys good transit connections and is very bikeable, enhancing mobility for residents without vehicles. The property currently features 8,912 square feet of gross rentable area, situated on a 9,029-square foot lot. The 8-unit building is composed of 7 two-bedroom/two-bathroom units and 1 Town-Home Style two-bedroom/two and one-half bathroom Owner's Unit. The property also offers gated parking for tenants. Culver City is a hub for tech and media companies, including several studios and digital media firms. The proximity to such companies makes it an attractive location for professionals working in these industries. This blend of convenient amenities and access to job opportunities makes 3873 College Ave an appealing choice for potential renters.Due to the property's premier location, 3873 College Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset with strong in-place rents in the heart of Culver City.
Exterior Features

Levels Multi/Split Lot Size Area 9032 Other Structures None Parking Garage Covered ParkingGatedGarage - 4+ Car Total Parking 0

Interior Features

Cooling Wall Unit(s) Equipment Garbage DisposalCeiling Fan Heating Wall

Property Features

Assessed Total Value 822317 Disclosures Rent Control Gross Income 250683 Gross Operating Income 251883 Like Units1 1 Like Units2 7 Net Operating Income 153138.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 89253 Type Of Units 2 Year Built Source Vendor Enhanced Zoning CCR4*

Listing provided courtesy of Chandler Rockwell DRE# of Fred Leeds Asset Group Inc.: 310-826-2466.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-01-23T23:43:15.347. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
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