9051 Lucerne Ave Culver City, CA 90232

$1,300,000 Sold Price as of 09/17/2019

2 Beds
2 Baths
1,648 Sq.Ft.

Off Market

$1,300,000 Sold Price as of 09/17/2019 Refinance Your Mortgage

Map preview of 9051 Lucerne Ave, Culver City, CA 90232

Property Overview: 9051 Lucerne Ave Culver City, CA has 2 bedrooms, 2 bathrooms, 1,648 living square feet and 5,944 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

9051 Lucerne Ave is currently an off market home in the city of Culver City. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Culver City has a median list price of $998,000. The median price per/sqft for Culver City is $748. With those numbers in mind, if you are looking to purchase a median priced home in Culver City, CA and put 20% down you will need to save up $199,600 for the down payment and will need roughly $19,960 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Culver City the commission could be as much as $61,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 9051 Lucerne Ave

Last sold for $1,300,000 on September 17th, 2019

April, 2023
Apr 29, 2023

Date

Expired

CRMLS: 22195297

$2,199,999

Price
Aug 31, 2022

Date

Active

CRMLS: 22195297

$2,299,999

Price
Listing provided courtesy of CRMLS

This is an amazing opportunity to acquire an income producing 2 Single Family Residences and 1 ADU. In the heart of Culver City. Two of the three units are near completion. The third and back unit (SFR) will need to be constructed. The plans are RTI now. Cap rate of the finished product will be between 5.19-6. The architectural/structural plans and cash flow analysis are available upon request. Unit 1: 2 bed, 2 bath, approximately 1,153 sq ft. Unit 2: 1 bed, 1 bath, approximately 586 sq ft. Unit 3: 3 beds, 2.5 bath with attached 2 car garage and 2 carports, approximately 1,439 sq ft (to be constructed). The new owners can capitalize on high rental demand for the area. The tenants can enjoy the property's location as it's walking distance to Downtown Culver City and close proximity to the freeways, downtown LA, beach communities and studios including Amazon, Sony and HBO. Culver City has lots of recent, on-going and planned developments including but not limited to the Ivy Station, The Culver Steps, Culver Public Market Hall and the Media Park Revitalization and Conceptual Plan Development. This property is perfect for a first time home buyer to live in one of the units, rent out the other two units to help with the mortgage or for an investor who's looking for passive income.

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September, 2019
Sep 17, 2019

Date

Sold

CRMLS: IN19169126

$1,300,000

Price
Aug 5, 2019

Date

Pending

CRMLS: IN19169126

$1,249,000

Price
Jul 16, 2019

Date

Active

CRMLS: IN19169126

$1,249,000

Price
Listing provided courtesy of CRMLS

Wow! This home is in one of the very best neighborhoods in Culver City, and is tailor-made for developers! This 2-bedroom, 2-bathroom home is a fixer with a large family room, and has 1648 square feet with plenty of room to potentially convert this home into a 3 and 2, or 3 and 3. The home sits on an CCR2YY zoned lot with just under 6000 square feet, and a generous back yard with two attached one-car garages! The yard also has a mature lemon and persimmon trees. There is original hardwood flooring in the original portion of the home, with tile flooring in the family room at the rear. the fireplace in the living room has been blocked off, and is no longer functional. Adjoining the kitchen is a small service porch that has been outfitted as a laundry room. The home is around the corner from Culver Studios, which is undergoing major renovation and development, and is a short distance from Trader Joe's, and numerous restaurants and shops along Washington Blvd. Do not hesitate on this one-this will go very quickly!

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September, 2019
Sep 17, 2019

Date

Sold (Public Records)

Public Records

$1,300,000

Price
September, 2019
Sep 17, 2019

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 9051 Lucerne Ave

Assessed Value (2020): $1,300,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,040,000	$260,000	$1,300,000

About 9051 Lucerne Ave

Detailed summary of property

9051 Lucerne Ave is a single family home in Culver City, CA 90232 and last sold on September 17, 2019 for $1,300,000. This house has 2 bedrooms, 2 bathrooms, roughly 1,648 living square feet, and sits on an approximately 5,944 square foot lot. Homes in Culver City are selling for a median price of $1,220,000 and a median price per square foot of $713. Based on Ardent Real Estate Group's Culver City Market Data, this home is sold 6.56% higher than the current median priced home. 9051 Lucerne Ave was last sold on September 17, 2019 for $1,300,000. Local nearby listings include 3641 S Genesee Ave, 5763-1 Clemson St and 2431 S Holt Ave. The average home in Culver City, CA is selling in 84 days. There are currently 132 homes for sale in the Culver City real estate market and 60 of them are single family homes while 61 of them are condos and 11 are townhomes. If you are the homeowner and looking to sell the home at 9051 Lucerne Ave Culver City, CA 90232 contact Ardent Real Estate Group and we will put you in touch with one of our Culver City agents.

Public Facts for 9051 Lucerne Ave

Public county record property details

Beds: 2
Baths: 2
Year built: 1923
Sq. Ft.: 1,648
Lot Size: 5,944
Stories: --

Type: Single Family Residential
Pool: No
Spa: No
County: Los Angeles
Lot#: 136
APN: 4206-009-028

The source for these homes facts are from public records.

90232 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,699,999

Median List Price/Sq.Ft.

$1,032

Median Sold Price

$1,800,000

Median Sold Price/Sq.Ft.

$964

Total Inventory

Median Sale to List Price %

92.36%

Avg Days on Market

Loan Type

Conventional (20%), FHA (0%), VA (0%), Cash (40%), Other (20%)

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(714) 706-1823

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