3873 College Ave, Culver City, CA 90232-3639
- Apartment buildings
- 8,912 SF
- 0.21 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 3873 College Ave
- Year built
- 1973
- Construction
- WOOD
- Lot size
- 0.21 lot acres
- Zone code
- CCR4*
- Property type
- Apartment buildings
- APN
- 4208-022-029
- APU
- 4208022029
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 24, 2025 | — | Hhw Capital LLC | — | Deed · related | $2.9M · Bank Of Hope |
| Jan 30, 2025 | $2,750,000 | Hhw Capital LLC | Alesta Pacelli | Grant Deed | $1.8M · Provident Savings Bank |
| Aug 12, 1999 | — | Ericsson,don H & Carolyn S Trust | Ericsson,d H & C | Quit Claim Deed · related | — |
| Sep 13, 1995 | $515,000 | Don H Ericsson | Williams,russell | Grant Deed | $386k · Home Savings Of America |
| — | — | Russell Williams | — | Deed Of Trust · related | $168k · Culver National Bank |
| — | — | Russell Williams | — | Deed Of Trust · related | $200k · Williams Rebecca |
Description
This exceptional 8-unit apartment building presents a compelling investment opportunity in the highly desirable Culver City market. Boasting 8,912 square feet of gross rentable area on a 9,029-square-foot lot, this two-story, 1973-built property offers a strong current NOI of $156,362, representing a 5.58% cap rate. A pro-forma NOI of $206,787 projects a 7.39% cap rate, indicating significant upside potential. The property features seven two-bedroom/two-bathroom units and one two-bedroom/two-and-a-half-bathroom unit, all well-suited to today's rental market. Residents enjoy gated parking, adding to the property's appeal. The building is situated in a walkable neighborhood with convenient access to shops, services, and public transportation. Its location in Culver City, a hub for tech and media companies, ensures strong rental demand. The asking price is $2,800,000, translating to $350,000 per unit and $314.18 per square foot. The property is currently 88% occupied and zoned LAR3. This well-maintained asset offers a unique opportunity for investors seeking strong returns in a prime location. Individual units are separately metered for gas and electric.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,635,000
- ML approach
- $2,745,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,390,000
- 6.5%
- $2,205,000
- 7%
- $2,050,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,933,000
Market price range: $1.93M - $4.47M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $3,365,000 Current use
- AUTO REPAIR, GARAGE
- $4,120,000 Change: +23% Conversion: Difficult
- MEDICAL BUILDING
- $4,050,000 Change: +20% Conversion: Moderate
- OFFICE BUILDING
- $3,995,000 Change: +19% Conversion: Moderate
- RETAIL STORES
- $3,415,000 Change: +2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Culver City
- County
- Los Angeles
- State
- California
- Longitude
- -118.411
- Latitude
- 34.0141
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
