3852 Prospect Ave , Culver City, CA 90232
$1,400,000
Est. Payment: $7,415.32/mo
7 Bed
4 Bath
3512 Sqft
Status: Active | Days on site: 8
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CLW-X83311 - CLW-C121733
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House Description

3852 Prospect Avenue presents an exceptional opportunity to acquire a four-unit value-add multifamily property located in one of Culver City's most desirable submarkets. Originally constructed in 1926, this vintage apartment community offers investors a rare combination of oversized floorplans, timeless architectural character, and meaningful embedded rental upside all within a highly walkable, transit-oriented Westside location. The property totals approximately 3,512 gross square feet situated on a generous 7,502-square-foot lot, featuring a unit mix of one spacious one-bedroom, one-bathroom residence and three two-bedroom, one-bathroom units. Each unit offers the added convenience of an in-unit washer and dryer, a highly sought-after amenity that distinguishes the property from competing vintage multifamily product in the submarket.3852 Prospect Avenue remains largely in its original condition, presenting new ownership with a true value-add opportunity to modernize interiors and common areas while preserving the building's 1920s charm. In-place rents currently reflect approximately 20% loss-to-lease, providing substantial organic rental upside in addition to the premiums achievable through a thoughtful renovation program.The property also features a freestanding rear carport with four parking spaces, offering a compelling opportunity to explore an ADU conversion or broader redevelopment strategy, subject to buyer verification and applicable approvals. Combined with the oversized units and generous lot size, the existing configuration provides multiple avenues for enhancing the long-term value of the asset. Beyond its physical attributes, 3852 Prospect Avenue benefits from an exceptional Culver City location surrounded by one of the Westside's most significant concentrations of technology, entertainment, media, and creative employment. Residents enjoy convenient proximity to major employers including Sony Pictures, Amazon Studios, Apple, The Culver Studios, and the Hayden Tract, alongside Culver City's rapidly evolving dining, retail, and lifestyle amenities. The property is located approximately a seven-minute walk from the Palms Metro E Line Station, offering direct connectivity to Downtown Santa Monica, Downtown Los Angeles, and key employment centers throughout the Westside. Culver City has emerged as one of the region's most dynamic rental markets, driven by its central location, expanding employment base, and increasingly vibrant live-work-play environment. High-profile developments such as Ivy Station, Culver Steps, and the Platform, combined with continued corporate expansion throughout the submarket, have introduced thousands of high-paying jobs and reinforced sustained rental demand. Despite this strong demand, the submarket remains undersupplied with high-quality housing an imbalance that continues to support rental strength and long-term rent growth. This offering represents a compelling opportunity for investors seeking to acquire a well-located, character-rich asset with clear paths to value creation through renovation, rent growth, and potential redevelopment upside, in one of the Westside's most sought-after and supply-constrained submarkets.

Highlights

Listed by Elliot Hassan , 310-488-7226 NorthMarq Realty Services, Inc. , 949-717-5200. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.17

Year Built

1926

County

Los Angeles

Area

C28 - Culver City

Listing ID

26986297

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:7
  • Bathrooms:4
  • Full Bathrooms:0

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:CCR4YY
Others:
  • Additional:2+ Total Units, Has ADU
Principal Interest
$7,415
Taxes
$893

Home Price

$1,400,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$280,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,415.32

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,415.32 $892.50 $0.00 $8,307.82
Yearly $88,983.82 $10,710.00 $0.00 $99,693.82
Total $2,669,514.46 $321,300.00 $0.00 $2,990,814.46

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Culver City, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T13:02:28.000Z

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