3831 Motor Ave - Apartments FOR SALE


Culver City, CA 90232- Washington Culver
$2,395,000 USD
818-332-1423
3831 Motor Ave, Culver City, CA for Sale
$2,395,000 USD
Apartments - FOR SALE
1/11
null | 4.7% Cap Rate

3831 Motor Ave
Culver City, CA 90232
Washington Culver


OVERVIEW

This well maintained family owned 13 unit building is on the market for the first time in almost 30 years. Located in the coveted Palms neighborhood, the property is located South of Venice Blvd with a Culver City ZIP. The property consists of 13 total units with (10) 1bed 1ba units and (3) 0bed 1bath efficiency units spanning 8,159 square feet on a 7,550 square foot lot and 11 parking spaces. Recent upgrades include a new water heater installed in 2023, new concrete driveway poured in 2025, and a completed soft-story seismic retrofit in 2025, providing an opportunity for a buyer to focus on cosmetic upgrades. Given the property’s zoning, generous lot layout, and existing parking configuration, there is strong potential for the addition of one or more ADUs to further enhance income and long-term value. Comparable sales in the immediate Culver City and Palms submarkets reflect price-per-unit averages near $270,000. This property presents an opportunity to enter the market at a low cost per unit with significant upside.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$294 USD /SF

# OF UNITS

13

PRICE/UNIT

$184,231

CAP RATE

4.7%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,413 SF

ZONING

LAR3

APN/PARCEL ID

4208-007-023

ASK ABOUT THIS PROPERTY

Jordan PolonLBPMMore Info
818-332-1423

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Jordan PolonLBPMMore Info
818-332-1423

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