3934 Van Buren Place

Culver City, CA 90232

$3,415,000
Last Sold Price
16
Beds
9
Baths
7,538 Sq. Ft.
$453 / Sq. Ft.
7,538
Sq. Ft.
$453
per Sq. Ft.

Description

Great opportunity to own an excellent income property only steps away from downtown Culver City. This property has been under the same ownership for many years. There are 8 units: one (1) 3-bedroom, 2-bathroom unit; six (6) 2-bedroom, 1-bathroom units; one (1) 1-bedroom, 1-bathroom unit. There are 8 parking spots, a security gate for controlled entry, and laundry on site. Building has been well maintained. Significant investor upside based on proforma. Offers due Monday, 12/13 at 12:00pm PST.Great opportunity to own an excellent income property only steps away from downtown Culver City. This property has been under the same ownership for many years. There are 8 units: one (1) 3-bedroom, 2-bathroom unit; six (6) 2-bedroom, 1-bathroom units; one (1) 1-bedroom, 1-bathroom unit. There are 8 parking spots, a security gate for controlled entry, and laundry on site. Building has been well maintained. Significant investor upside based on proforma. Offers due Monday, 12/13 at 12:00pm PST.

Listing Agent

  1. Ross Weinstein

    Ross Weinstein

    Listing Agent

    Compass

    DRE #02034388

Property Details for 3934 Van Buren Place

Zoning
CCR4YY
Parcel Number
4206023007
Total Units
8.0
Living Area
7538
Source Living Area
Vendor Enhanced
Area
Culver City (C28)
Vacancy Rate
3%
Lot Size Area
7849

Location

Listing Courtesy of Compass, Ross Weinstein, DRE #02034388

Sold By Compass, Ross Weinstein, DRE #02034388; Compass, Kandyce Coulloudon, DRE #02136998

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LISTING UPDATED: 01/06/2022 03:41 PM

Property Details for 3934 Van Buren Place

StatusSold
MLS #21-110267
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.18 AC / 7,849 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Ross Weinstein, DRE #02034388

Sold By Compass, Ross Weinstein, DRE #02034388; Compass, Kandyce Coulloudon, DRE #02136998

Add your commute

Virtual Tour

Building Information for 3934 Van Buren Place

Stories2Residences-Year Built1959Building Size-Lot Size0.18 AC / 7,849 SF

Payment Calculator

$22,200 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,637

Property Taxes

$3,563

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3934 Van Buren Place

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $142,008
  • Net Operating Income: $93,019.00
  • Gross Income: $146,400
  • Cap Rate: 3.10%
  • Gross Rent Multiplier: $20.49
  • Actual Annual Gross Rent: $146,400.00
  • Monthly GrossI Income: $12,200.00
  • Actual Rent Total: $146,400.00
  • Owner Pays: Electricity, Gas, Water
  • Total Annual Expense: 48989
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1802
  • Lot Size Square Feet: 7849
  • Lot Description: Fenced, Automatic Gate
Parking Details
Parking Details
  • Parking Garage: Driveway Gate, Gated, Assigned, Controlled Entrance
  • Total Parking: 8
  • Parking Features: Gated, Assigned, Controlled Entrance
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Forced Air
  • Heating Type: Forced Air
  • Equipment: Washer, Dryer
  • Laundry: Community, Outside, Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-08-2021
  • Tenant Pays: Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,550.00
  • Unit Actual Rent: $1,550.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $1,450.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,500.00
  • Unit Actual Rent: $1,500.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,200.00
  • Unit Actual Rent: $1,200.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,650.00
  • Unit Actual Rent: $1,650.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $318,692.00
  • Assessed Improvement Percent: 59.99
  • Assessed Land Value: $212,521.00
  • Assessed Land Percent: 40.01
  • Assessed Total Value: $531,213.00

Property History for 3934 Van Buren Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3934 Van Buren Place

Taxable ValueLand$1,020,000Additions$2,463,300Total$3,483,300
Tax Record2023$42,762 ($3,563 / month)
Home Facts
Total Finished SqFt7,538 SqFtAbove Grade Finished SqFt7,538 SqFtLot Size7,849 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningCCR4YYCountyLOS ANGELESAPN4206-023-007

Schools near 3934 Van Buren Place

This home is within Culver City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Linwood E. Howe Elementary School
PublicK to 5

Culver City Middle School
Public6 to 8

Culver City High School
Public9 to 12

Culver Park High School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Ross Weinstein, DRE #02034388

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.