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10826 Wagner Street, Culver City, California 90230, Culver City, 90230 - 5 bed, 6 bath

10826 Wagner Street, Culver City, California 90230 home-pic-0
ACTIVE$2,398,000
10826 Wagner Street, Culver City, California 90230
5Beds
6Baths
2,144Sqft
5,000Lot
Year Built
1940
Close
-
List price
$2.4M
Original List price
$2.2M
Price/Sqft
$1,118
HOA
-
Days on market
-
Sold On
-
MLS number
IG25045368
Home ConditionExcellent
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 26% below the list price. We found 3 Cons,5 Pros. Rank: price - $2.40M(91th), sqft - 2144(80th), beds - 5(91th), baths - 6(98th).

Price to sale…located within a short walk to veteran park. which has baseball, tennis ,basketball rocket ball and pickle ball courts in addition to a picnic area Walking distance to sony studio and beautiful downtown Culver City surrounded by Beautiful Single Family homes Live in one rent the others , great income property currently being used as Airbnb front house 1,392 sq ft 3 bed 3 bath house in front and 399 sq ft 1 bedroom 1 bath 2nd ADU 350 sq ft 1 bedroom 1 Bath already built in the back with extra event outside bathroom all with permits in 2020 ready to move in

Price History

Date
Event
Price
06/28/02
Sold
$419,000
Condition Rating
Excellent
Despite the main house being built in 1940, the property has undergone an extensive and recent renovation, bringing it to modern standards. The two ADUs were newly built in 2020, making them virtually new. The main house features a modern kitchen with white shaker cabinets, stainless steel appliances, and light countertops, along with updated bathrooms, hardwood flooring, and recessed lighting throughout. The ADUs also showcase contemporary finishes, making the entire property virtually new or extensively renovated within the last 5 years, meeting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Exceptional Income Potential: The property is configured for multi-unit living with a main house and two permitted ADUs, explicitly marketed as a 'great income property currently being used as Airbnb', offering significant rental income opportunities or multi-generational living.
Prime Walkable Location: Situated within a short walking distance to Veteran Park (offering baseball, tennis, basketball, pickleball courts, and picnic areas), Sony Studio, and the vibrant Downtown Culver City, enhancing its appeal and convenience.
Modern Permitted ADUs: Two additional dwelling units (ADUs) were built in 2020 with permits, providing modern living spaces (399 sq ft 1 bed/1 bath and 350 sq ft 1 bed/1 bath) and adding significant value and flexibility to the property.
High Demand Neighborhood: Located in Culver City, an area surrounded by beautiful single-family homes and known for its desirable community and proximity to major employment and entertainment hubs.
Abundant Bathrooms: With a total of 6 bathrooms across the units (3 in the main house, 1 in each ADU, plus an extra outside bathroom), the property offers a high level of convenience and privacy for multiple occupants or guests.

Cons

Significant Overpricing & Price Increase: The current list price of $2.398M is substantially higher than the estimated value of $1.756M (a -26% estimation ratio), and it has increased from an original list price of $2.2M, suggesting potential overvaluation and market resistance.
Older Main House Structure: While the ADUs are new, the main house was built in 1940. The description does not specify recent renovations for this primary unit, implying it may have older systems or require updates compared to the newer ADUs.
Lack of Scenic Views: The property explicitly states 'View: None', which could be a drawback for buyers seeking desirable scenic amenities such as city, ocean, or mountain views, especially when compared to other properties in the broader Culver City area.

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