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3852 Prospect Avenue

Culver City, CA 90232
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Bed 4

Bed

Bath 4

Bath

SqFt3,512

Sqft

SqFt7,504

Sqft(Lot)

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 competi ng 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,400,000

AD Id : 91114613

MLS Id : 26986297

Beds : 4

Lot Size : 7,504 Sqft

Living Area Size : 3,512

Year Built : 1926

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 4
  • Heating & Cooling

    Heating: None Cooling: None

  • Building Information

    Year Built: 1926
    Building Area Total: 3512
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 7504 Lot Size Acres: 0.1723 Lot Size Square Feet: 7,504

  • Listing Price Information

    Listing Price: $1400000

  • Tax Information

    Parcel Number: 4208022011

  • Location Information

    Direction: 3852 Prospect Avenue is ideally situated in the heart of Culver City, just steps from the Palms Metro E Line Station and moments from Downtown Culver City's dining, retail, and entertainment scene. This walkable Westside location offers investors convenient access to Santa Monica, Downtown LA, and the region's growing tech and media corridor.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5808 Vicstone Court, Culver City, CA, 90232 $2,350,000 3 2 1,911 7,032 Sqft
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3552 Schaefer Street, Culver City, CA, 90232 $1,999,000 3 2 1,531 5,400 Sqft
3425 Helms Avenue, Culver City, CA, 90232 $1,650,000 6 4 3,180 6,167 Sqft
3574 Schaefer Street, Culver City, CA, 90232 $1,450,000 3 1 962 5,400 Sqft
8595 Higuera Street, Culver City, CA, 90232 $1,799,000 5 3 1,784 5,839 Sqft
8597 Higuera Street, Culver City, CA, 90232 $1,799,000 5 3 1,784 5,839 Sqft
8906 Hubbard Street, Culver City, CA, 90232 $4,798,000 6 5 4,255 5,914 Sqft
9051 Lucerne Avenue, Culver City, CA, 90232 $3,490,000 7 6 3,800 5,945 Sqft
4269 Revere Place, Culver City, CA, 90232 $2,250,000 4 2 1,838 6,752 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/11/2026 @ 22:36

MLS: 26986297 LISTED BY: Elliot Hassan, NorthMarq Realty Services, Inc. 949-717-5200 SOURCE: CRMLS

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