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10714 Franklin Avenue, Culver City, California 90230, Culver City, 90230 - 4 bed, 5 bath

10714 Franklin Avenue, Culver City, California 90230 home-pic-0
ACTIVE$1,499,000
10714 Franklin Avenue, Culver City, California 90230
4Beds
5Baths
2,999Sqft
5,718Lot
Year Built
2025
Close
-
List price
$1.5M
Original List price
$1.6M
Price/Sqft
$500
HOA
-
Days on market
-
Sold On
-
MLS number
SB25170425
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.50M(54th), sqft - 2999(94th), beds - 4(65th), baths - 5(94th).

Rare opportunity in Culver City’s sought-after Park West neighborhood. RTI permits are approved for a nearly 3,000 sqft., 4-bedroom, 4.5-bathroom home with an attached garage, designed under the city’s previously generous FAR guidelines (now reduced). There’s an existing 2 bed, 1 bath, 1,007sqft. home on the lot where a buyer could live in it, or rent it out while getting started on the new build. Ideal for buyers who want to build their dream home and customize their own interior finishes. Also makes it easier for buyers to secure financing versus a vacant lot or full teardown. Bring your own contractor and start construction right away, or remodel the existing structure to your taste. The lot also offers space for a pool and additional privacy with fencing and trees. Situated in a highly rated school district, just a 2-3 minute walk to Farragut Elementary, Culver City Middle School, and Culver City High School. Rare chance to build a home of this size in one of Culver City’s best pockets. The pictures provided are what the home is projected to look like when finished.

Price History

Date
Event
Price
09/05/25
Price Change
$1,499,000-6.3%
07/29/25
$1,599,000
04/23/24
Sold
$1,325,000
04/19/96
Sold
$109,000
Condition Rating
Poor
The MLS listing explicitly states that the 'year_built: 2025' refers to a proposed new build with approved permits. The images provided include architectural renderings of this future modern home, but also actual photos of the existing 2-bed, 1-bath, 1,007 sqft. structure. The assessment is based on the *existing* property. This existing home appears to be very old, likely built well over 50 years ago, with no significant renovations in recent decades. The interior photos show very dated light fixtures, an old and basic kitchen with original-looking white cabinets, and worn hardwood floors. The exterior shows signs of age and neglect, including a cracked driveway and peeling paint on the fence. While the description notes a buyer 'could live in it, or rent it out' while building, this implies it's minimally functional, not comfortable or modern. The property requires substantial rehabilitation or a complete tear-down to achieve modern living standards, aligning with the 'Poor' condition criteria, as its value is primarily in the land and the approved plans for a new construction.
Pros & Cons

Pros

Exceptional Location & Schools: Situated in Culver City's highly sought-after Park West neighborhood, offering excellent walkability to top-rated schools including Farragut Elementary, Culver City Middle School, and Culver City High School.
Pre-Approved Development Opportunity: RTI (Ready-To-Issue) permits are already approved for a substantial nearly 3,000 sqft, 4-bedroom, 4.5-bathroom new home, designed under previously generous FAR guidelines, presenting a rare chance for a large custom build.
Existing Structure for Income/Residence: An existing 2-bedroom, 1-bathroom, 1,007 sqft home on the lot provides immediate rental income potential or a temporary living space for the buyer during the new construction phase.
Customization & Financing Advantage: Ideal for buyers seeking to customize their dream home's interior finishes, and the presence of an existing structure makes securing construction financing significantly easier than for a vacant lot.
Ample Lot Potential & Privacy: The generous lot size offers sufficient space for the addition of a pool and provides enhanced privacy due to existing fencing and mature trees.

Cons

Significant Construction Required: The property is not a finished, move-in ready home; it requires a substantial financial and time investment for the new build or extensive remodel.
Project Management Burden: The buyer will be responsible for managing or overseeing a complex construction project, including hiring contractors and adhering to timelines, which can be demanding.
Temporary Living Arrangement: While an existing home is present, it is smaller and older, meaning the buyer will either live in a temporary setup or need alternative accommodation during the primary construction phase.

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