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$7,182,583*
●
Land -
Off Market
4438 S Slauson Avenue
Culver City, CA 90230
Studio
0 Bath
$6,300,000 - $7,698,000
Reference Base Price*
2.62%
Since Mar 1, 2022
CA-Los Angeles
Primary Model
Sold Jan 27, 2022
$6,320,000
Buyer
Seller
$880,000
by Goldman Sachs Bank Usa
Mortgage
Sold Mar 16, 2021
$1,100,000
Buyer
Seller
$880,000
by Goldman Sachs Bank Usa
Mortgage
About This Property
We are pleased to present one of the most unique lot assemblages
available in the LA market: Four consecutive single-family homes
with alley access, all delivered vacant, no rent control or Ellis
Act, and located in the booming tech hub of Silicon Beach. Located
in Culver City, the property falls under Los Angeles Department of
Building and Safety offering the developer a drastically
streamlined planning and building timeframe compared to the Culver
City building process.This assemblage will allow the savvy
developer to build 42 luxury units utilizing a density bonus, or 28
units without bonus. The seller has built a new construction
four-unit next door, having leased the four bedroom unit at $5,545,
the three bedroom units at $4,646, and the two bedroom unit at
$4,300. These rents prove the high demand for a quality rental in
red hot Culver City.Another lucrative development option would be
to utilize the Small Lot Subdivision approach to build 12 single
family residences, ranging from 2,190-2,555 sf each with values of
$1.8M - $2.2M per home.In addition to the four lots there is on
market a fifth lot for sale by a third party, located at 4418 S
Slauson. Acquiring this lot would bring the total SF to 25,506.The
location of this assemblage hits many high points: Located west of
the 405, it is two miles south of Downtown Culver City, Culver City
Steps, And Ivy Station which houses Amazon Studios, Sony Pictures,
and HBO, to name a few. Moving southwest one mile from the
assemblage is Play Vista and Del Rey. Close proximity to LAX,
freeways, and the ocean further strengthen the location. You
couldn't find a property better situated in the mix of Silicon
Beach and surrounding attractions.After years spent negotiating and
acquiring the parcels the owner is now eager to sell at pricing
dictated by the market. Please feel free to contact with any
questions regarding this offering.
Unit Size
-
Days on Market
-
Land Size
0.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1952
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Feb 2, 2022 | No longer available | - | |
No longer available | |||
Jan 27, 2022 | Sold to Slauson Llc 4424 | $6,320,000 | |
Sold to Slauson Llc 4424 | |||
Dec 21, 2021 | Relisted | $6,999,000 | |
Relisted | |||
Dec 20, 2021 | No longer available | - | |
No longer available | |||
Dec 19, 2021 | No longer available | - | |
No longer available |
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Property Highlights
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