323 Culver Boulevard, Playa Del Rey, California 90293, Playa Del Rey, 90293 - bed, bath

323 Culver Boulevard, Playa Del Rey, California 90293 home-pic-0
ACTIVE$3,500,000
323 Culver Boulevard, Playa Del Rey, California 90293
0Bed
0Bath
4,451Sqft
5,001Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Zoning & Development Potential: Zoned LAC4, this property offers unparalleled flexibility for diverse commercial and residential uses, and significant future development opportunities in a predominantly residential area.
Top Cons:
Recent Significant Price Reduction: The property has seen a substantial 12.5% price reduction from its original listing of $4M to $3.5M, potentially indicating initial overpricing or challenges in market absorption.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 2021 (4 years old).
Condition: This property was built in 2021 and the description explicitly states it 'just received a complete overhaul and looks and feels like new,' with the owner being 'meticulous with detail and spared no expense.' The images confirm this, showing newly renovated spaces with modern finishes throughout. The kitchens feature new stainless steel appliances, contemporary white shaker cabinets, solid surface countertops, and subway tile backsplashes. Bathrooms also appear new with modern vanities, fixtures, and tiled showers/tubs. All units have consistent light wood-look flooring, recessed lighting, and modern ceiling fans. The cooling/heating systems are modern mini-split units. There is no visible wear and tear, and all components meet current quality standards, aligning perfectly with the 'Excellent' criteria.
Year Built
2021
Close
-
List price
$3.5M
Original List price
$4M
Price/Sqft
$786
HOA
-
Days on market
-
Sold On
-
MLS number
SB25007652
Home ConditionExcellent
Features
Good View:
View-

About this home

Trophy Property! Zoned LAC4 which allows for limitless use & development potential. Just Remodeled, this amazing property consists of two buildings (Front and Rear). There are 6 Units total and all are separately metered. The front building is one level and has 2 Ground Floor commercial storefronts. The rear building is 2 levels and has 2 ground floor commercial units (each with full bath and full kitchen) plus outdoor patios. On the 2nd level there are two residential apartments. All of the units in the rear building overlook the Ballona Wetlands! This magnificent property is perfect for an investor, owner/user or even a live/work scenario. The property just received a complete overhaul and looks and feels like new. The owner was meticulous with detail and spared no expense. Enjoy life in the peaceful community of Playa del Rey, situated next to the thriving tech community known as Silicon Beach. Steps from restaurants, cafes, shops and the beach, this location is only three blocks to the sand. This property offers the best of the Socal lifestyle! Head out your door to the scenic beach bike path or take a leisurely stroll along the Ballona Wetlands. Or, stroll down to the Marina Jetty to watch the sailboats unfurling in the wind. The majority of land in Playa del Rey is zoned residential, making Culver Blvd one of the only streets which includes businesses. Playa del Rey is considered part of LA's 'Silicon Beach', which is home to many tech companies such as Google, Yahoo!, Facebook and more. Hurry, this will not last!

Nearby schools

4/10
Paseo Del Rey Natural Science Magnet
Public,K-50.8mi
4/10
Loyola Village Elementary School
Public,K-51.5mi
6/10
Playa Vista Elementary
Public,K-61.6mi
8/10
Coeur D'Alene Avenue Elementary School
Public,K-52.1mi
8/10
Playa Del Rey Elementary School
Public,K-52.7mi
9/10
Richmond Street Elementary School
Public,K-53.0mi
2/10
Marina Del Rey Middle School
Public,6-82.4mi
4/10
Orville Wright Engineering And Design Magnet
Public,6-82.5mi
8/10
El Segundo Middle School
Public,6-83.7mi
4/10
Westchester Enriched Sciences Magnets
Public,9-121.2mi
6/10
Venice Senior High School
Public,9-122.7mi
10/10
El Segundo High School
Public,9-123.1mi

Price History

Date
Event
Price
02/25/20
Sold
$1,975,000
Condition Rating
Excellent

This property was built in 2021 and the description explicitly states it 'just received a complete overhaul and looks and feels like new,' with the owner being 'meticulous with detail and spared no expense.' The images confirm this, showing newly renovated spaces with modern finishes throughout. The kitchens feature new stainless steel appliances, contemporary white shaker cabinets, solid surface countertops, and subway tile backsplashes. Bathrooms also appear new with modern vanities, fixtures, and tiled showers/tubs. All units have consistent light wood-look flooring, recessed lighting, and modern ceiling fans. The cooling/heating systems are modern mini-split units. There is no visible wear and tear, and all components meet current quality standards, aligning perfectly with the 'Excellent' criteria.
Pros & Cons

Pros

Exceptional Zoning & Development Potential: Zoned LAC4, this property offers unparalleled flexibility for diverse commercial and residential uses, and significant future development opportunities in a predominantly residential area.
Robust Mixed-Use Income Stream: Comprising 6 separately metered units, including 4 commercial spaces (two with full kitchens/baths) and 2 residential apartments, providing diversified and stable income potential.
Turnkey Modern Condition: Recently underwent a complete, high-quality remodel in 2021, presenting a like-new property that minimizes immediate capital expenditures for the new owner.
Premier Coastal & Tech Hub Location: Strategically located three blocks from the beach, steps from amenities, and within 'Silicon Beach,' ensuring strong demand from both commercial tenants and residents seeking the vibrant SoCal lifestyle.
Desirable Views & Lifestyle Access: Rear units offer direct views of the Ballona Wetlands, complemented by immediate access to beach bike paths, wetlands trails, and the Marina Jetty, enhancing property appeal and tenant satisfaction.

Cons

Recent Significant Price Reduction: The property has seen a substantial 12.5% price reduction from its original listing of $4M to $3.5M, potentially indicating initial overpricing or challenges in market absorption.
Listing Data Inconsistencies: The listed 'on_market_date' and 'modified_timestamp' are in the future (2025), which could signal data entry errors or poor listing management, potentially raising questions for prospective buyers.
Variable Local School Performance: While some schools in the broader area are highly rated, several immediate local public schools exhibit lower performance ratings, which might be a consideration for family-oriented buyers.

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