3818 Sawtelle, Culver City, California 90066, Culver City, 90066 - bed, bath

3818 Sawtelle, Culver City, California 90066 home-pic-0
ACTIVE$5,490,000
3818 Sawtelle, Culver City, California 90066
0Bed
0Bath
3,221Sqft
4,975Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Westside Location: Situated in highly desirable Culver City, a thriving West Los Angeles area known for its strong appreciation and demand, offering excellent access to amenities and employment centers.
Top Cons:
High Land-Value Price Point: The $5.49 million list price is primarily driven by land value and development potential, explicitly warning that buyers focused on immediate cap rate will 'MISS the boat,' limiting appeal for traditional income investors.

Compared to the nearby listings

Price:$5.49M vs avg $1.76M (+$3,734,946)67%
Size:3,221 sqft vs avg 1,899 sqft67%
Price/sqft:$1.7K vs avg $92467%

More Insights

Built in 1954 (71 years old).
Condition: The property was built 70 years ago (1954). The listing description explicitly states that the 'Value in LAND!' and encourages buyers to 'develop this one of a kind Large Total Land area.' The exterior images show significant age, deferred maintenance, and an unkempt appearance, with no indication of recent renovations. The absence of interior photos strongly suggests the existing structures are not considered habitable or valuable in their current state, making them candidates for demolition and redevelopment.
Year Built
1954
Close
-
List price
$5.49M
Original List price
$5.49M
Price/Sqft
$1,704
HOA
-
Days on market
-
Sold On
-
MLS number
IG25141022
Home ConditionTear down
Features
View-

About this home

ATTENTION ! PLEASE NOTE : The listing price of $5,490,000. is for THREE contiguous / adjoining lots with one Grant Deed. Looking for Cap rate here? will MISS the boat or plane or the rocket to the Moon! Value in LAND! LOCATION, LOCATION, LOCATION! Not ready to develop this one of a kind Large Total Land area in the Westside of Los Angeles, in Culver City? Then put this rare opportunity in your pipeline! Grab it now before anyone else! Good Luck! Described as follows:- (1) The lot on the North side is 3818 Sawtelle, 3820 Sawtelle, 3822 Sawtelle and 3824 Sawtelle Bl.; a one of a kind country barn style 4 units building; Assessor Parcel 4214-001-009 with 4,975 sq.ft. of land. Listing ID IG25241022. (2) The vacant lot in the middle is known as Storm Drain; Assessor Parcel 4214-001-038 with 2,386 sq.ft. of land; used as court yard. Listing ID IG25177790. (3) The lot on the South side is 3826 Sawtelle, 3828 Sawtelle, 3830 Sawtelle and 3832 Sawtelle Bl.; a one of a kind country barn style 4 units building; Assessor Parcel 4214-001-039 with 5,067 sq.ft. of land. Listing ID IG25124543. Total Lot sq ft. for all 3 lots is 12,428 sq.ft. Total frontage on Sawtelle Bl. is 125 ft.

Condition Rating
Tear down

The property was built 70 years ago (1954). The listing description explicitly states that the 'Value in LAND!' and encourages buyers to 'develop this one of a kind Large Total Land area.' The exterior images show significant age, deferred maintenance, and an unkempt appearance, with no indication of recent renovations. The absence of interior photos strongly suggests the existing structures are not considered habitable or valuable in their current state, making them candidates for demolition and redevelopment.
Pros & Cons

Pros

Prime Westside Location: Situated in highly desirable Culver City, a thriving West Los Angeles area known for its strong appreciation and demand, offering excellent access to amenities and employment centers.
Significant Development Potential: The combined 12,428 sq.ft. across three contiguous lots presents a rare opportunity for a substantial new development project in a land-constrained urban market.
Rare Large Land Parcel: Described as a 'one of a kind Large Total Land area,' this property offers a unique opportunity to acquire a significant contiguous land mass in a dense, sought-after location.
Existing Income Stream: The property includes two 4-unit buildings, providing an immediate rental income stream that can help offset holding costs during the planning and entitlement phases for future development.
Strategic Frontage: Boasts 125 feet of frontage on Sawtelle Boulevard, enhancing visibility, accessibility, and potential for a prominent development.

Cons

High Land-Value Price Point: The $5.49 million list price is primarily driven by land value and development potential, explicitly warning that buyers focused on immediate cap rate will 'MISS the boat,' limiting appeal for traditional income investors.
Demolition Costs Likely: The existing 1954-built structures on two of the lots would likely require demolition for optimal redevelopment, incurring significant additional costs and extending project timelines.
Development Complexity: Consolidating three distinct parcels, including a 'Storm Drain' lot, for a unified development project could involve complex zoning, permitting, and legal challenges, requiring specialized expertise.

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