3806 College Ave - Apartments FOR SALE


Culver City, CA 90232- Clarkdale
$1,500,000 USD
310-837-7161
3806 College Ave, Culver City, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/6
null | 3% Cap Rate

3806 College Ave
Culver City, CA 90232
Clarkdale


OVERVIEW

This two-story, 6-unit apartment building is located at the corner of College Avenue and Venice Boulevard in the Clarkdale neighborhood of Culver City. The building has a good mix of units with two units of two bedrooms and one bath, and four units with one bedroom and one bath. Built in 1957 and measuring approximately 3,749 square feet (per the LA County Tax Assessor), the building still has the original floorplan as there have been no additions or modifications since it was built. Each unit is separately metered for gas and power and each unit has its own water heater. Earthquake retrofit work was completed in 2022. There are 12 parking spaces (six spaces with tandem lanes) providing plenty of on-site parking. This is a true bread and butter building with stable tenants paying below market rents. Convenient location near transportation and shopping. Culver City schools and services. Trust sale but court confirmation is not required. Property is being sold in “as-is” condition. Property is tenant occupied so the interiors can only be shown with an accepted offer. Trust sale and property is being sold in “as-is” condition. Offers due Monday, March 10. Contact Diana Singerman at 310-663-5145 for further information.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$194 USD /SF

# OF UNITS

6

PRICE/UNIT

$250,000

CAP RATE

3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,139 SF

ZONING

CCR4YY

APN/PARCEL ID

4208-021-001

ASK ABOUT THIS PROPERTY

Dannie CavanaughCavanaugh RealtorsMore Info
310-837-7161

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Dannie CavanaughCavanaugh RealtorsMore Info
310-837-7161

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.