3574 Schaefer Street, Culver City, California 90232, Culver City, 90232 - 3 bed, 1 bath
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3574 Schaefer Street
Culver City, California 90232
ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
1Baths
962Sq Ft
5,400Lot Size
Property Price
LIST PRICE$1,450,000
EST. MARKET VALUE
$1,417,667
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,450,000—positioned above the $1,417,668 Fair Market Value. While the property requires a total rehab given its Condition Rating of 5, the 5,400-square-foot lot offers significant redevelopment potential in a prime transit-oriented location near Ivy Station. Access to top-tier schools like Farragut Elementary adds long-term stability to this asset. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors looking to capitalize on the high-demand Culver City market.
Estimated Market Value
$1,417,667
Based on Realkey algorithm analyzing recent comparable sales in Culver City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3574 Schaefer Street Subject | $1,450,000* List Price | 3 | 1 | 962 | $1,474 | - |
A 3562 Helms Avenue Sold | $1,410,000 | 2 | 2 | 1,044 | $1,351 | 0.1 mi |
B 3556 Helms Avenue Sold | $1,435,000 | 2 | 2 | 1,234 | $1,163 | 0.1 mi |
C 4109 Higuera Sold | $1,705,000 | 2 | 1 | 1,080 | $1,579 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1923, this property shows significant signs of age and neglect, including visible water damage on interior walls, crumbling exterior concrete steps, and dated 20+ year old renovations. The listing explicitly markets the property for 'redevelopment opportunities' and 'as-is' condition, indicating the structure requires a total rehab to be considered modern or safe.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Farragut Elementary School (9/10).
- Prime Transit-Oriented Location
Ideally situated near Ivy Station and the Culver City Metro, offering exceptional walkability to premier destinations like Platform, The Culver Steps, and the Helms Bakery District.
- Significant Development Potential
The generous 5,400-square-foot lot provides a rare opportunity for redevelopment, expansion, or a complete reimagining in one of Los Angeles' most high-demand markets.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Cramped Interior Footprint
With only 962 square feet of living space distributed across three bedrooms, the current layout is notably small and may feel congested for modern living standards.
- As-Is Condition and Age
Built in 1923 and sold strictly in as-is condition, the property likely requires substantial capital investment for structural repairs and modern system upgrades.
About 3574 Schaefer Street
OFFERS ARE DUE: Monday 8/31/26 at noon 3574 Schaefer St. presents a unique opportunity to own a single-family residence in a desirable Culver City location. Situated on an approximately 5,400-square-foot lot, the property offers approximately 962 square feet of living space with 3 bedrooms and 1 bathroom, plus a separate two-car garage.Enjoy the existing home, renovate and reimagine it to meet your needs, or explore potential redevelopment opportunities, subject to applicable zoning, permits and governmental approvals.Ideally positioned near Ivy Station and the Culver City Metro station, with convenient access to some of Culver City's most popular destinations, including Platform, The Culver Steps, Helms Bakery District and Downtown Culver City. Enjoy nearby dining and coffee at spots such as Etta, Margot, Destroyer and Father's Office, along with shopping, entertainment and neighborhood amenities.A compelling opportunity to establish a foothold in Culver City and create a home tailored to your vision.Buyer to independently verify square footage, bedroom count, lot size, garage, zoning, permits, development potential and all other property information. SOLD AS IS
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 5,400 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Culver City Unified Schools
Linwood E. Howe Elementary School
Grades K-5 • 0.6 mi
6/10
Shenandoah Street Elementary School
Grades K-5 • 1.0 mi
4/10
Baldwin Hills Elementary School
Grades K-5 • 1.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 1.0 | 2.2 |
| Square foot | 962 | 1,695.561 |
| Lot Size | 5,400 | 5,683.683 |
| Price | $1.45M | $1.78M |
| Price per sq ft | $1.5K | $1.0K |
| Built year | 1923 | 1952 |
| HOA | $0 | $576 |
| Days on market | 16 | 46 |
Pricing History
Listed for Sale
Aug 24, 2026
$1,450,000
Initial Listing