4500 Jasmine Avenue, Culver City, California 90232, Culver City, 90232 - 3 bed, 3 bath
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Culver City, California 90232
This Carlson Park Redevelopment Asset represents a High-Potential Investment Opportunity with a List Price of $2,395,000—positioned well below the $2,485,011 Fair Market Value by 3%. This valuation gap provides $90,011 in Instant Equity for buyers. Currently holding a Condition Rating of 5 due to significant deferred maintenance, the 6,841-square-foot lot serves as a blank canvas for a luxury transformation. Located steps from Farragut Elementary (9/10) and Downtown Culver City, this is a strategic acquisition for Developers or Visionary Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4500 Jasmine Avenue Subject | $2,395,000* List Price | 3 | 3 | 2,108 | $1,179 | - |
A 4401 Mentone Avenue Sold | $2,260,000 | 4 | 2 | 1,776 | $1,273 | 0.1 mi |
B 4076 Lafayette Place Sold | $2,525,000 | 4 | 3 | 2,100 | $1,202 | 0.9 mi |
C 10862 Garland Drive Sold | $2,460,000 | 3 | 4 | 2,508 | $981 | 0.8 mi |
D 4076 Lafayette Place Sold | $2,525,000 | 0 | 0 | 2,100 | $1,202 | 0.9 mi |
E 4144 Le Bourget Avenue Active Under Contract | $1,895,000 List Price | 3 | 1 | 1,400 | $1,354 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This 1953 original residence reflects significant deferred maintenance and is marketed as a 'blank canvas' for renovation or redevelopment. The kitchen is highly outdated with 1950s-style wood cabinetry, tiled countertops, and vintage appliances, while the bathrooms and flooring throughout show substantial age and wear. The presence of floral wallpaper on the kitchen ceiling and dated fixtures confirms the property has not undergone a major renovation in several decades, requiring a complete overhaul of all major systems and finishes to meet modern standards.
Elementary School: Farragut Elementary School (9/10).
Situated on a prestigious tree-lined street in the heart of Culver City, this property offers unparalleled access to Carlson Park, the Culver City Bike Path, and the vibrant dining and entertainment of Downtown Culver City.
Sitting on a generous 6,841 sq. ft. lot, this 'blank canvas' property is ideal for a luxury renovation or ground-up redevelopment, following the neighborhood trend of high-end new constructions.
The existing 1950s residence is in original condition and requires extensive upgrades or a complete teardown, which will necessitate a substantial additional investment.
At a list price of $2,395,000, the acquisition cost is high for a property requiring total renovation, potentially tightening margins for developers or investors.
Opportunity Awaits in the Coveted Carlson Park area in Culver City.Discover the potential of this classic 1950s original, situated on a premier tree-lined street in the heart of the highly sought-after Carlson Park neighborhood. This property presents a rare ''blank canvas'' opportunity for visionary buyers, contractors, or developers looking to create a masterpiece in one of Culver City's most prestigious enclaves.The existing residence retains its mid-century footprint but is in need of upgrades and reflects deferred maintenance. Whether you choose to restore its vintage charm through a comprehensive renovation or follow the neighborhood trend of designing a contemporary luxury estate, the possibilities here are vast.Prime Location & LifestyleOutdoor Living: Just steps from the scenic Culver City Bike Path, offering a direct greenway to the Pacific Ocean.Community: Moments away from the lush acreage of Carlson Park and the award-winning Culver City Unified School District.Urban Convenience: Enjoy world-class dining, entertainment, and shopping at The Steps, Ivy Station, and the historic Culver Studios in vibrant Downtown Culver City.Investor & Builder HighlightsThe surrounding blocks feature numerous high-end new constructions, signaling a strong precedent for expansion or redevelopment.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,108 | 2,108 | 50% |
| Lot Size | 6,841 | 5,989.5 | 71% |
| Price | $2.40M | $2.46M | 46% |
| Price per sq ft | $1.1K | $1.2K | 43% |
| Built year | 1953 | 1948 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 171 | 4% |
Mar 31, 2026
$2,395,000
Initial Listing