3556 Helms Avenue, Culver City, California 90232, Culver City, 90232 - 2 bed, 2 bath
Loading property details...
Culver City, California 90232
This property presents a High-Potential Investment Opportunity with a List Price of $1,550,000—positioned well below the $1,562,066 Fair Market Value by 0.77%. This valuation gap offers $12,066 in Instant Equity. Featuring R2-zoned land with plans for two townhomes, the property holds a Condition Rating of 5, necessitating significant development or renovation. Located near Amazon Studios and Farragut Elementary (9/10), this asset is ideal for Real Estate Developers or Buy-and-Hold Investors seeking to capitalize on Culver City’s high-demand tech-hub market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3556 Helms Avenue Subject | $1,499,000* List Price | 2 | 2 | 1,234 | $1,226 | - |
A 3562 Helms Avenue Sold | $1,410,000 | 2 | 2 | 1,044 | $1,351 | 0.0 mi |
B 4109 Higuera Sold | $1,705,000 | 2 | 1 | 1,080 | $1,579 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Originally built in 1925 and explicitly marketed as a development opportunity for two new residences. While the living area shows some past updates like hardwood floors and skylights, the bathrooms are severely dated with 30+ year old finishes, and the exterior/yard requires significant attention, indicating the value is primarily in the land and permits.
Elementary School: Farragut Elementary School (9/10).
The R2-zoned 5,400-square-foot lot includes plans in the final stages of plan check for two 1,800-square-foot townhomes, offering a turnkey opportunity for developers.
Situated in the coveted Lucerne-Higuera neighborhood, the property is steps away from major employment and lifestyle centers including Amazon Studios, Hayden Tract, and Ivy Station.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1234, other record living area = 998.
The buyer must independently verify all zoning, permits, and plan check statuses, placing the burden of administrative and regulatory risk entirely on the purchaser.
Built in 1925, the original residence likely requires significant modernization or a full teardown to realize the property's highest and best use in a competitive market.
DEVELOPMENT OPPORTUNITY -- Potential for Two Homes on One Lot in Culver City's coveted Lucerne-Higuera neighborhood. Seller's plans are currently in the final stages of plan check for the potential development of two separate townhome-style residences (each proposed at approx. 1,800 SF plus garages). -- This is a rare opportunity in a highly desirable location just steps from Hayden Tract, Ivy Station, the Arts District, Amazon Studios, and Downtown Culver City. -- Alternatively, take advantage of the existing approximately 1,234 SF home and make it your own. The residence features a spacious great room with vaulted ceilings, multiple skylights, two bedrooms, two bathrooms, a den, and a bonus recreation room. Situated on an approximately 5,400-square-foot R2-zoned lot, the property offers flexibility for renovation or future development, subject to applicable approvals. -- Buyer shall independently verify all zoning, land use regulations, development potential, lot split opportunities, permits, plan check status, approvals, square footage, lot size, and all other property information with the appropriate governmental agencies and licensed professionals.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,234 | 1,772 |
| Lot Size | 5,401 | 5,757 |
| Price | $1.50M | $1.70M |
| Price per sq ft | $1.2K | $1.1K |
| Built year | 1925 | 1952 |
| HOA | $0 | $0 |
| Days on market | 34 | 52 |
Jul 18, 2026
$1,499,000
$1,550,000
-3% Price Drop
Initial Listing
Jun 18, 2026
$1,550,000
Initial Listing
Mar 21, 2023
$1,305,000
Public Record