3831 Motor, Culver City, California 90232, Culver City, 90232 - bed, bath

3831 Motor, Culver City, California 90232 home-pic-0
ACTIVE$2,495,000
3831 Motor, Culver City, California 90232
0Bed
0Bath
8,159Sqft
7,546Lot
Year Built
1966
Close
-
List price
$2.5M
Original List price
$2.55M
Price/Sqft
$306
HOA
-
Days on market
-
Sold On
-
MLS number
SR25259772
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros.

This well maintained generational asset is on the market for the first time in almost 30 years. Located in the coveted Palms neighborhood, the property is located South of Venice Blvd with a Culver City ZIP. The property consists of 13 total units with (3) 0+1 efficiency units and (10) 1+1 bedroom units spanning 8,159 square feet on a 7,550 square foot lot and 11 parking spaces. Recent upgrades include a new water heater installed in 2023, new concrete driveway poured in 2025, and a completed soft-story seismic retrofit in 2025, providing an opportunity for a buyer to focus on cosmetic upgrades. Given the property’s zoning, generous lot layout, and existing parking configuration, there is strong potential for the addition of one or more ADUs to further enhance income and long-term value. Comparable sales in the immediate Culver City and Palms submarkets reflect price-per-unit averages near $270,000. This property presents an opportunity to enter the market at a low cost per unit with significant upside.

Price History

Date
Event
Price
11/27/25
Price Change
$2,495,000-2.2%
11/13/25
Listing
$2,550,000
05/06/99
Sold
$600,000
Condition Rating
Fair

Built in 1966, the property has received significant recent structural and system updates, including a new water heater (2023), new concrete driveway (2025), and a soft-story seismic retrofit (2025). These are major functional improvements. However, the listing explicitly states an 'opportunity for a buyer to focus on cosmetic upgrades,' indicating that many units likely have outdated interiors. While one interior image shows new laminate flooring, fresh paint, and updated trim, suggesting some units have been cosmetically refreshed, the overall property, especially without images of kitchens and bathrooms, is likely aged and requires further cosmetic updates to meet modern standards. The exterior also appears dated. This aligns with the 'Fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated, and requiring minor updates or repairs.
Pros & Cons

Pros

Desirable Location: Situated in the highly sought-after Palms neighborhood with a Culver City ZIP, offering strong rental demand and appreciation potential.
Recent Capital Improvements: Significant upgrades including a new water heater (2023), new concrete driveway (2025), and a completed soft-story seismic retrofit (2025), reducing immediate capital expenditure for a new owner.
Value-Add ADU Potential: Strong opportunity to enhance income and long-term value through the addition of one or more Accessory Dwelling Units (ADUs), supported by zoning and lot configuration.
Attractive Price Per Unit: Presents an opportunity to acquire a multi-unit asset at a competitive price per unit compared to immediate submarket averages, indicating significant upside potential.
High Unit Density & Parking: Features 13 units (diverse mix of efficiency and 1+1) and 11 dedicated parking spaces, providing a strong income stream and tenant convenience in a dense urban environment.

Cons

Cosmetic Renovation Required: The property description suggests a need for cosmetic upgrades, implying units may be dated and require further investment to achieve market-leading rents.
Aging Infrastructure (Potential): Built in 1966, while some major systems are updated, other original components (e.g., plumbing, electrical beyond seismic) may require future attention or replacement.
Recent Price Adjustment: A recent price reduction from the original listing price may indicate initial overpricing or market resistance, potentially affecting buyer perception or sales velocity.

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