3831 Motor Ave Culver City, CA 90232
Palms NeighborhoodEstimated payment $14,106/month
Highlights
- Laundry Room
- Palms Middle School Rated A-
- Radiant Heating System
About This Home
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.
Listing Agent
LB Property Management Inc Brokerage Phone: 818-860-2017 License #02121584 Listed on: 11/13/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1966
Lot Details
- 7,546 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 6 Open Parking Spaces
- 2 Car Garage
- 5 Carport Spaces
Home Design
- Entry on the 1st floor
- Flat Roof Shape
Interior Spaces
- 8,159 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Laundry
- Laundry Room
- Leased Washer and Dryer
Additional Features
- Exterior Lighting
- Urban Location
- Radiant Heating System
Listing and Financial Details
- Legal Lot and Block 23 / 1007
- Tax Tract Number 269903
- Assessor Parcel Number 4208007023
- $1,598 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 13 Separate Electric Meters
- Electric Expense $5,210
- Fuel Expense $500
- Gardener Expense $1,200
- Insurance Expense $6,500
- Maintenance Expense $6,500
- Professional Management Expense $7,221
- Water Sewer Expense $5,210
- Operating Expense $61,016
- Gross Income $180,515
- Net Operating Income $114,084
Additional Features
- 13 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/21/2026 02/21/26 | Pending | -- | -- | -- |
| 01/23/2026 01/23/26 | Price Changed | $2,295,000 | -4.2% | $281 / Sq Ft |
| 12/20/2025 12/20/25 | Price Changed | $2,395,000 | -4.0% | $294 / Sq Ft |
| 11/26/2025 11/26/25 | Price Changed | $2,495,000 | -2.2% | $306 / Sq Ft |
| 11/13/2025 11/13/25 | For Sale | $2,550,000 | -- | $313 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25259772
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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