See Home Value
$7,182,583*
Land - Off Market

4438 S Slauson Avenue

Culver City, CA 90230
bedrooms
Studio
bathrooms
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
$880,000 by Goldman Sachs Bank Usa
Mortgage
Sold Mar 16, 2021
$1,100,000
$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
Show More

Property Highlights

With View

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Wood
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 924
  • Building Area: 924
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 924
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 10200
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 10200 LOT/SEC 28

Ownership

  • Current Owner : 4424 SLAUSON LLC
  • Previous Owner : 4438 SS PARTNERS LP
  • Owner Before Previous Owner: PARRA JOSE R
  • Owner Before Previous Owner 2: BANUELOS MARIA JESUS
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 275102

Zoning

  • Zoning: LAR3

Geography

  • Assessors Map Reference: 50-A3
  • Subdivision Tract Number: 10200
  • Parcel: 4217-018-016
  • Lot: 28
  • Municipality: WEST /SOUTH MAR VISTA
  • Latitude: 33.9982
  • Longitude: -118.414

    Address

  • Full Address: 4438 S Slauson Ave
  • Address - House Number: 4438
  • Street Direction: S
  • Address - Street Name: Slauson
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Culver City
  • Carrier Code: C023
  • 4-Digit Zip Code: 5144
  • Zip Code: 90230

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $13,261
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.2189
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 69
  • Final Value: 1,378,319
  • High Value: 1,680,075
  • Low Value: 1,076,564

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $880,000
  • First Open Lien Mortgage Lender: GOLDMAN SACHS BANK USA
  • First Open Lien Mortgage Recording Date: Mar 16, 2021
  • First Open Lien Mortgage Loan Amount: $880,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,611,600
  • Assessed Land Value: $1,530,000
  • Assessed Improvements Value: $81,600

    Sales

  • Current Sale Contract Date: Jan 07, 2022
  • Current Sale Recording Date: Jan 27, 2022
  • Current Sale Transaction ID: 11878402524
  • Current Sale Price: $6,320,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 107146
  • Previous Sale Recording Date: Mar 16, 2021
  • Previous Sale Contract Date: Jan 28, 2021
  • Previous Sale Amount: $1,100,000
  • Previous Sale Document Type: Grant Deed

    Previous Mortgages

  • Previous Mortgage Lender: GOLDMAN SACHS BANK USA
  • Previous Mortgage Transaction Date: Mar 16, 2021
  • Previous Mortgage Loan Amount: $880,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
17 Beds
17 Baths
10,112 ft²
$685/ft²
$6,929,000 Mar 17, 2023
-
-

About West Los Angeles


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Frequently Asked Questions

When was property at 4438 South Slauson Avenue built and last sold?
The property at 4438 South Slauson Avenue was built in 1952 and last sold on Jan 7, 2022 for $6,320,000.
How much is this home worth?
The estimated value of the home located at 4438 South Slauson Avenue is $7,068,990.
What are some comparable homes to 4438 South Slauson Avenue?
There are currently no comparable homes to 4438 South Slauson Avenue.

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