Skip main navigation
Pending
  • Listed by: Stephen P Ceausu, Broker • Stephen Ceausu
    $1,200,000

    3272 Fay Ave, Culver City, CA 90232

    5beds
    4baths
    2,362sqft
    : 
    $8,232/mo
    Get pre-qualified
    Quadruplex
    Built in 1961
    -- sqft lot
    $1,272,600 Zestimate®
    $508/sqft
    $-- HOA

    What's special

    Exceptional investment opportunity in the heart of Culver City. This well-maintained fourplex offers strong current income with significant upside potential. The property consists of three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, generating current rents of approximately $6,434 per month, with estimated market rents exceeding $8,400 per month. Two of the lower units have been extensively remodeled within the last two years and feature newer windows, providing immediate value and reduced maintenance costs. The property is occupied by stable, long-term tenants, creating reliable cash flow while allowing investors to capture future rental upside. Parking is a major advantage, with five dedicated parking spaces located at the rear of the property and the potential to create two additional parking spaces in the front. Additionally, the City has indicated that an ADU may be possible, offering investors another opportunity to increase income and maximize the property's potential. Whether you are looking to expand your portfolio, execute a value-add strategy, or secure a long-term asset in a desirable rental market, this fourplex presents a rare combination of stable income, rental growth potential, and future development opportunities.
    16 days
    |
    480
    |
    37
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephen Ceausu DRE #02099019 714-844-5620,

    Stephen P Ceausu, Broker

    Source: CRMLS,MLS#: PW26152845MLS LogoOriginating MLS: California Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      Cooling
      • ENERGY STAR Qualified Equipment
      Appliances
      • Laundry: None
      Features
      • Common walls with other units/homes: 2+ Common Walls
      Interior area
      • Total structure area: 2,362
      • Total interior livable area: 2,362 sqft

      Property

      Parking
      • Parking features: Assigned, Paved
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: 1
      • Pool features: None
      Lot
      • Size: 4,840 Square Feet
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 4312021020
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Quadruplex
      • Attached to another structure: Yes
      Condition
      • New construction: No
      • Year built: 1961

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Features: Curbs, Sidewalks, Urban
      Location
      • Region: Culver City

      Financial & listing details

      • Price per square foot: $508/sqft
      • Tax assessed value: $74,708
      • Annual tax amount: $5,566
      • Date on market: 7/14/2026
      • Cumulative days on market: 16 days
      • Listing terms: Cash,Conventional,1031 Exchange,FHA,Fannie Mae
      • Total actual rent: 77208
      • Tenant pays: Electricity, Gas

        Estimated market value

        $1,272,600

        $1.21M - $1.34M

        $4,406/mo

        Price history

        DateEventPrice
        7/23/2026Pending sale$1,200,000$508/sqft
        Source: CRMLS #PW26152845 Report a problem
        7/14/2026Listed for sale$1,200,000$508/sqft
        Source: CRMLS #PW26152845 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,566 +3%$74,708 +2%
        2024$5,402 +2.6%$73,244 +2%
        2023$5,265 +3.6%$71,808 +2%
        2022$5,082 +5.3%$70,401 +2%
        2021$4,826 +6.3%$69,022 +1%
        2020$4,542 $68,315 +2%
        2019$4,542 +11.5%$66,976 +2%
        2018$4,074 $65,664 +2%
        2017$4,074 +5.4%$64,378 +2%
        2016$3,867 +12.9%$63,117 +1.5%
        2015$3,425 -3%$62,170 +2%
        2014$3,530 $60,953 +2.5%
        2012-- $59,489 +2%
        2011-- $58,324 +0.7%
        2010-- $57,890 -0.2%
        2009-- $58,029 +2%
        2008-- $56,892 +2%
        2007-- $55,778 +2%
        2006-- $54,685
        2005-- $54,685 +4%
        2004-- $52,564 +1.9%
        2003-- $51,601 +2%
        2002-- $50,590 +4%
        2000-- $48,627
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: McManus

        Getting around

        89 / 100
        Very Walkable
        65 / 100
        Good Transit
        97 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

          1. Local buyer's agents are ready to help