$1,700,000
SOLD JAN 12, 2021

3430 Caroline Ave Culver City, CA 90232

Mcmanus Neighborhood
5 Beds
5 Baths
3,498 Sq Ft
6,215 Sq Ft Lot

Recently Sold

$486 Per Sq Ft

10% Below List Price

106 Days on Market

Highlights

  • Wood Flooring
  • Built-In Features
  • Laundry Room
  • Linwood E. Howe Elementary School Rated A-

About This Home

As of January 2021

3430 Caroline Avenue, a charming 5-unit multifamily asset in Culver City. Located on a quiet tree-lined street near the heart of the Arts District, residents benefit from its proximity to award-winning restaurants and trendsetting boutiques/retailers in Downtown Culver City and the surrounding Silicon Beach neighborhoods. Sitting on a 6,212 SF lot zoned CCR2, 3430 Caroline is comprised of (4) one-bedroom and one bath units and (1) detached one-bedroom and one bath back house. The subject property offers a significant value-add opportunity to potential investors, as current rents are approximately 35% below market value for nicely remodeled units in the area. Additionally, the well-maintained building has upgraded plumbing and each unit has been separately metered for gas and electricity. With walkability to a revitalized downtown scene and significant upside in rents, 3430 Caroline is an ideal long-term investment for investors looking to enter one of LA's hottest submarkets.

Last Agent to Sell the Property

Michael Matthias

Keller Williams Beverly Hills License #01489863 Listed on: 09/22/2020

Keller Williams Beverly Hills

Last Buyer's Agent

Michael Matthias

Keller Williams Beverly Hills License #01489863 Listed on: 09/22/2020

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Interior Spaces

  • 3,498 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Laundry Room

Kitchen

  • Oven or Range
  • Freezer

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Parking

  • 5 Parking Spaces
  • 5 Covered Spaces

Additional Features

  • 6,215 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 4312-025-016

Community Details

Overview

  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 3498
  • Lot Acreage: 0.1427
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Tile, Hardwood, Mixed
  • Bedrooms: 5
  • Common Walls: Attached
  • Laundry: Community, Room
  • Total Bathrooms: 5.00
  • Equipment: Built-Ins, Range/Oven, Refrigerator, Freezer
  • Price Per S Q F T: 542.88

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 5
  • Parking Garage: Parking Space
  • Total Parking: 5

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 68.83
  • Assessed Improvement Value: 72673
  • Assessed Land Percent: 31.17
  • Assessed Land Value: 32909
  • Total Assessed Value: 105582
  • Assessor Parcel Number: 4312-025-016
  • Lot Size Area: 6215

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 18.97
  • Number Of Units: 5
  • Total Annual Expense: 38087
  • Type Of Units: Apartments
  • Vacancy Rate: 1 Unit

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2023 02/08/23 Rented $3,495 0.0% --
01/23/2023 01/23/23 Under Contract -- -- --
01/03/2023 01/03/23 For Rent $3,495 0.0% --
01/12/2021 01/12/21 Sold $1,700,000 -10.5% $486 / Sq Ft
01/06/2021 01/06/21 Pending -- -- --
09/22/2020 09/22/20 For Sale $1,899,000 -- $543 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Amir Ahobim

    Seller's Agent in 2023

    Amir Ahobim

    Clear Cut Realty

    (310) 279-7567

    17 Total Sales

    Amir Ahobim
    Section Image

  • M

    Seller's Agent in 2021

    Michael Matthias

    Keller Williams Beverly Hills

    (310) 995-8658

    1 in this area

    13 Total Sales

    Michael Matthias
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 20-636118

The MLS

California Los Angeles County Culver City 90232 Mcmanus

3430 Caroline Ave, Culver City, CA

This home is located at 3430 Caroline Ave, Culver City, CA 90232 and is currently priced at $1,700,000, approximately $485 per square foot. This property was built in 1954. 3430 Caroline Ave is a home located in Los Angeles County with nearby schools including Linwood E. Howe Elementary School, Culver City Middle School, and Culver City High School.

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