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$ 2,000,000
Est. payment | /mo
7,501 Sqft Lot
$ 2,000,000
Est. payment | /mo
7,501 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26833551
HOA Y/N No
Lot Size 7,501 Sqft
Lot Dimensions Assessor
Property Description
We are pleased to present 3837 College Avenue, a rare infill development opportunity located in the heart of the Culver City Arts Districtone of Los Angeles' most dynamic and supply-constrained Westside submarkets. Offered at $2,000,000, this 7,500 square foot parcel is zoned CCR4 (Commercial Residential 4), Culver City's highest-density residential zoning designation, and supports the development of up to 21 multifamily units. At just $95,238 per buildable unit and $267 per land square foot, the offering presents an attractive basis for developers seeking to capitalize on continued housing demand and limited land availability on the Westside. The site consists of a rectangular 50-foot by 150-foot lot (0.17 acres) currently improved with two residential structures and a detached garage/storage building, all of which are anticipated to be demolished to accommodate new development. CCR4 zoning allows for high-density multifamily construction, with additional upside possible through California State Density Bonus law depending on affordable housing set-asides and project design. Due diligence materials, including title, environmental reports, ALTA survey, and zoning analysis, are available upon request, allowing a buyer to move quickly through planning and entitlement. Situated within the highly sought-after Culver City Arts District, the property benefits from an 84 Walk Score and is approximately 1.6 miles from the Metro E Line, providing direct rail access to Santa Monica, Downtown Los Angeles, and USC. The surrounding neighborhood is anchored by some of Southern California's most influential employers, including Sony Pictures, Amazon Studios, Apple, HBO, and TikTok, which collectively support a deep and affluent renter base. New construction properties in the immediate vicinity are achieving premium rents ranging from approximately $5.00 to $7.00 per square foot, underscoring the strong economic fundamentals and exceptional long-term development potential of this transit-oriented Westside location.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCR4
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 4208022022
Special Listing Condition Standard
Listed by Filip Niculete Marcus & Millichap #01905352
Nearby Locations
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