4431 S Slauson Avenue, Culver City, California 90230, Culver City, 90230 - 3 bed, 2 bath
ACTIVE$1,295,000
4431 S Slauson Avenue, Culver City, California 90230
3Beds
2Baths
1,275Sqft
5,000Lot
Price Vs. Estimate
The estimated value ($1,054,457.515) is $240,542.485 (18%) lower than the list price ($1,295,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Rental Income: The property currently generates a substantial $7,000/month through Airbnb, offering immediate and attractive cash flow.
Top Cons:
Potential Overpricing: The current listing price is 18% above the estimated property value, which may make it less competitive and require a price adjustment.
Compared to the nearby listings
Price:$1.29M vs avg $1.40M ($-106,347.5)35%
Size:1,275 sqft vs avg 1,587.5 sqft26%
Price/sqft:$1.0K vs avg $95657%
More Insights
Built in 1952 (73 years old).
Condition: The property was built in 1952, making it over 70 years old. While it appears well-maintained and is currently generating income through Airbnb, indicating livability, the visible interior elements suggest it has not undergone a full, recent renovation. The kitchen, though equipped with a modern stainless steel refrigerator, features cabinetry that looks more like freestanding furniture than a contemporary built-in kitchen, and the dining area light fixture appears dated. The flooring is functional but not new. The description mentions solar panels as an update, but the overall style and age point to a property that has received regular upkeep and occasional updates rather than an extensive overhaul within the last 15 years. The condition of the bathrooms is not shown, which is a key factor. The 'converted garage' also suggests potential issues that would need verification. It requires minor updates to modernize the aesthetics and potentially some systems.
Year Built
1952
Close
-
List price
$1.29M
Original List price
$1.4M
Price/Sqft
$1,016
HOA
-
Days on market
-
Sold On
-
MLS number
24473825
Home ConditionFair
Features
Patio
View
About this home
Welcome to 4431 S Slauson Ave, a prime investment opportunity in the heart of Los Angeles. Situated on a 5,000 sq ft R3-zoned lot, this property offers incredible flexibility for immediate income and future development. Currently generating $7,000/month through Airbnb, the property features a charming 2-bedroom, 1-bathroom front house equipped with solar panels and a studio guest house with 1 bathroom (converted garage). The R3 zoning allows for the development of up to 6 units (buyer to verify) or the addition of a 1,200 sq ft ADU, with convenient alley access for parking and design flexibility. Located minutes from Culver City, Playa Vista, shopping, and major freeways, this property is perfect for investors or developers seeking a mix of cash flow and redevelopment potential in a high-demand area. Seller is related to Listing Agent. Don't miss this exceptional opportunity!
Condition Rating
Fair
The property was built in 1952, making it over 70 years old. While it appears well-maintained and is currently generating income through Airbnb, indicating livability, the visible interior elements suggest it has not undergone a full, recent renovation. The kitchen, though equipped with a modern stainless steel refrigerator, features cabinetry that looks more like freestanding furniture than a contemporary built-in kitchen, and the dining area light fixture appears dated. The flooring is functional but not new. The description mentions solar panels as an update, but the overall style and age point to a property that has received regular upkeep and occasional updates rather than an extensive overhaul within the last 15 years. The condition of the bathrooms is not shown, which is a key factor. The 'converted garage' also suggests potential issues that would need verification. It requires minor updates to modernize the aesthetics and potentially some systems.
Pros & Cons
Pros
High Rental Income: The property currently generates a substantial $7,000/month through Airbnb, offering immediate and attractive cash flow.
R3 Zoning & Development Potential: Situated on an R3-zoned lot, the property offers significant future development potential, allowing for up to 6 units or a 1,200 sq ft ADU.
Prime Location: Strategically located minutes from Culver City, Playa Vista, shopping, and major freeways in a high-demand area, enhancing its appeal and value.
Alley Access: Convenient alley access provides flexibility for parking and design, particularly beneficial for future expansion or development.
Solar Panels: The main house is equipped with solar panels, contributing to energy efficiency and reduced utility costs.
Cons
Potential Overpricing: The current listing price is 18% above the estimated property value, which may make it less competitive and require a price adjustment.
Converted Garage (Unpermitted Risk): The studio guest house is a converted garage, which often implies unpermitted construction and potential legal or compliance issues that a buyer would need to verify.
Older Property Condition: Built in 1952, the main house is an older structure that may require significant renovations or ongoing maintenance to meet modern standards and buyer expectations.