3971 Sawtelle Boulevard

Los Angeles, CA 90066

$3,750,000
Price
12
Beds
12
Baths
7,344 Sq. Ft.
$511 / Sq. Ft.
7,344
Sq. Ft.
$511
per Sq. Ft.

Description

Discover an exceptional investment opportunity with this 12-unit multifamily property located at 3971-3977 Sawtelle Blvd in the heart of Culver City. Built in 1953, this classic building offers 7,344 square feet of rental space on a generous 10,633 square foot lot. With tremendous upside rental potential, this property provides a rare chance for investors to capture significant future income growth. It was last on the market in 2003, and since then, the seller has invested over $200k in capital improvements,...Discover an exceptional investment opportunity with this 12-unit multifamily property located at 3971-3977 Sawtelle Blvd in the heart of Culver City. Built in 1953, this classic building offers 7,344 square feet of rental space on a generous 10,633 square foot lot. With tremendous upside rental potential, this property provides a rare chance for investors to capture significant future income growth. It was last on the market in 2003, and since then, the seller has invested over $200k in capital improvements, ensuring long-term structural integrity and modernized features. Additional value comes from the potential to add four Accessory Dwelling Units (ADUs), offering further income possibilities. Positioned in a highly desirable area with access to top-tier amenities, this property presents an outstanding combination of stability and future growth potential. Don't miss this rare offering in the thriving Culver City rental market!
  1. Listed by Helen Abrishami • DRE #01298442 • Brokerage DRE #01268376 • Power Brokers

Property Details for 3971 Sawtelle Boulevard

Zoning
CCR4YY
Parcel Number
4214003017
Total Units
12.0
Living Area
7344
Source Living Area
Vendor Enhanced
Area
Culver City (C28)
Vacancy Rate
0
Lot Size Area
10636
LISTING UPDATED: 10/22/2024 12:01 AM

Property Details for 3971 Sawtelle Boulevard

StatusActive
MLS #24-452627
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.24 AC / 10,636 SF
CountyLos Angeles County

Building Information for 3971 Sawtelle Boulevard

Stories2Residences-Year Built1953Building Size-Lot Size0.24 AC / 10,636 SF

Property Information for 3971 Sawtelle Boulevard

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: ONE BEDROOM
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $260,000
  • Net Operating Income: $173,000.00
  • Gross Income: $268,000
  • Gross Rent Multiplier: $14.00
  • Owner Pays: Water, Other, Gardener
  • Total Annual Expense: 87083
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2442
  • Lot Size Square Feet: 10636
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 0
  • Parking Features: Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Mixed
  • Equipment: Range/Oven
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-14-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $15,739.00
  • Unit Projected Rent: $19,755.00
  • Like Units: 9
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,195.00
  • Unit Actual Rent: $6,585.00
  • Unit Projected Rent: $7,485.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $819,946.00
  • Assessed Improvement Percent: 42.86
  • Assessed Land Value: $1,093,262.00
  • Assessed Land Percent: 57.14
  • Assessed Total Value: $1,913,208.00

Property History for 3971 Sawtelle Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3971 Sawtelle Boulevard

Taxable ValueLand$1,115,127Additions$836,804Total$1,951,931
Tax Record2024$27,979 ($2,332 / month)
Home Facts
Total Finished SqFt7,344 SqFtAbove Grade Finished SqFt7,344 SqFtLot Size10,633 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningCCR4YYCountyLOS ANGELESAPN4214-003-017

Schools near 3971 Sawtelle Boulevard

This home is within Culver City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
La Ballona Elementary School
PublicK to 5

Culver City Middle School
Public6 to 8

Culver City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3971 Sawtelle Boulevard is a multi-family home for sale in Los Angeles, CA 90066. This property was listed for sale on October 14, 2024 by Power Brokers, it's currently listed at $3,750,000. It has been on the market for a total of 39 days and was last sold on December 29, 1995. This listing's school district is Culver City Unified School District. Nearby schools include La Ballona Elementary School, Culver City Middle School and Culver City High School. 3971 Sawtelle Boulevard is a 12-bed, 12-bath, 7,344 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Power Brokers, Helen Abrishami, DRE #01298442

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.