12035 Alberta, Culver City, California 90230 home-pic-0

12035 Alberta, Culver City, California 90230 home-pic-1

12035 Alberta, Culver City, California 90230 home-pic-2

ACTIVE$1,090,000$990/sqft

Est. Value: $983,532

-9%

AboveEstimate

12035 Alberta, Culver City, California 90230

2Beds

1Bath

990Sqft

3,998Lot

Price Vs. Estimate

The estimated value ($983,531.96) is $106,468.04 (9%) lower than the list price ($1,090,000). This property may be overpriced.

Key pros and cons

Top Pros:

Premier Westside Location: Highly desirable Culver City address offering excellent access to beaches and local amenities, a key draw for discerning buyers.

Top Cons:

Existing Home's Limited Utility: The current 990 sq ft, 2-bed, 1-bath home is small and likely requires demolition or extensive renovation to achieve the property's full potential.

Compared to the nearby listings

Price:$1.09M vs avg $1.49M ($-395,000)12%

Size:990 sqft vs avg 1,624 sqft12%

Price/sqft:$1.1K vs avg $94570%

More Insights

Built in 1952 (74 years old).

Condition: The property was built in 1952, making it over 50 years old. The listing explicitly markets it as a 'value-add' opportunity for developers, including architectural plans for a new 2,820 sq ft luxury residence. This indicates the current 990 sq ft structure is intended for demolition, with the property's value based solely on the land and its redevelopment potential, fitting the 'tear-down' criteria.

Year Built

1952

List price

$1.09M

Original List price

$1.19M

Price/Sqft

$1,101

HOA

Days on market

Sold On

MLS number

OC25281445

Home ConditionTear down

Features

View-

About this home

This home is a classic "value-add" play. Since the property is in clean condition but marketed toward developers, lifestyle of the current home while emphasizing the massive upside of the included architectural plans. This property currently features a charming, 990 sq ft 2 bed 1 bath home but is sold with a vision for much more. Included in the sale are meticulously modern Architect plans for a 2,820 sq ft, 2-story luxury residence. Enjoy 4 spacious bedrooms and 3.5 bath, 10ft ceilings, and wall-to-wall windows designed to capture the coastal sun. Plans allow for maximum building capability under Los Angeles City code, though the design can still be customized to your personal taste. Experience the best of the Westside with easy access to the beach and local amenities.

Henry Mai

Listing Agent

Condition Rating

Tear down

The property was built in 1952, making it over 50 years old. The listing explicitly markets it as a 'value-add' opportunity for developers, including architectural plans for a new 2,820 sq ft luxury residence. This indicates the current 990 sq ft structure is intended for demolition, with the property's value based solely on the land and its redevelopment potential, fitting the 'tear-down' criteria.

Pros & Cons

Pros

Premier Westside Location: Highly desirable Culver City address offering excellent access to beaches and local amenities, a key draw for discerning buyers.

Exceptional Development Potential: Explicitly marketed as a 'value-add' opportunity, the property holds significant potential for redevelopment into a luxury residence.

Included Architectural Plans: Meticulously designed modern architectural plans for a 2,820 sq ft, 4-bed, 3.5-bath luxury home are included, streamlining the development process.

Customization Flexibility: The provided architectural plans allow for further customization, enabling the future owner to tailor the design to their personal preferences.

Strong School District: Located within the reputable Culver City Unified High School District, enhancing its appeal to families.

Cons