3826 Sawtelle, Culver City, California 90066, Culver City, 90066 - bed, bath

3826 Sawtelle, Culver City, California 90066 home-pic-0
ACTIVE$5,490,000
3826 Sawtelle, Culver City, California 90066
0Bed
0Bath
3,098Sqft
5,165Lot
Year Built
1953
Close
-
List price
$5.49M
Original List price
$5.49M
Price/Sqft
$1,772
HOA
-
Days on market
-
Sold On
-
MLS number
IG25124543
Home ConditionTear down
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $5.49M(67th), sqft - 3098(67th), beds - undefined(50th), baths - undefined(50th).

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 desirable 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 IG25141022. (2) The vacant lot in the middle is known as the 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. (4) Total Lot sq. ft. of all 3 lots is 12,428 sq.ft. (5) Total frontage on Sawtelle Bl. is 125 ft.

Price History

Date
Event
Price
08/05/25
$5,490,000
Condition Rating
Tear down

The property was built in 1953, making it over 70 years old. The listing description explicitly states, 'Value in LAND! LOCATION, LOCATION LOCATION! Not ready to develop this one of a kind Large Total land area... Then put this rare opportunity in your pipeline!' This strongly indicates that the value is in the land for redevelopment, not the existing structures. There are no interior images or descriptions of renovations, kitchens, or bathrooms, suggesting the current buildings are not considered assets. The exterior images show an older, dated structure consistent with a property whose primary value is its land.
Pros & Cons

Pros

Exceptional Development Potential: The property is explicitly marketed for its 'Value in LAND!' encompassing 12,428 sq. ft. across three contiguous parcels, offering significant potential for a large-scale development project.
Prime Westside Location: Situated in highly desirable Culver City, a robust and appreciating market in Los Angeles known for strong demand, excellent amenities, and strategic access, ensuring future value and tenant appeal.
Significant Land Area & Frontage: A substantial total lot size of 12,428 sq. ft. with 125 ft. of frontage on Sawtelle Blvd provides ample space and visibility for a prominent new development.
Rare Contiguous Parcel: Described as a 'one of a kind' and 'rare opportunity' to acquire three adjoining lots under a single Grant Deed, offering a unique and expansive development footprint in a built-out urban area.
Interim Income Potential: The presence of two existing 4-unit buildings (total 8 units) can provide an interim rental income stream, helping to offset holding costs during the extensive development planning and entitlement phases.

Cons

High Capital Investment: The $5.49 million list price represents a substantial upfront capital outlay, primarily for land value, which targets a niche market of well-funded developers and investors.
Complex Entitlement & Development Process: Redeveloping three contiguous lots, including existing structures and a vacant parcel, will likely entail a lengthy and intricate entitlement, permitting, and construction process, adding to project timelines and risks.
Demolition & Holding Costs: The existing 1953-built structures, while providing some income, will likely require demolition for optimal new development, incurring additional costs and potentially extended holding periods before new construction can commence.

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