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3819 Dunn Dr
Culver City, CA

3819 Dunn Dr

1.9M
10 bd • 9 ba • 10,980 sf

This analysis was generated by artificial intelligence on 2/26/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$1,950,000

Price/Sq.Ft

$178

Year Built

1922

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Unique Architectural Design: The "Hobbit House" design by a Disney artist offers a rare and potentially valuable aesthetic appeal, attracting tenants and tourists interested in unique living spaces. • Prime Location: Located in the heart of Culver City, the property benefits from its proximity to entertainment industry leaders and the city's vibrant cultural scene. • Multi-Unit Structure: The 9-unit apartment campus provides a steady income stream and diversification of rental income. • Minimal Flood and Fire Risk: The property has a minimal flood and fire risk (1/10), which reduces potential insurance costs and property damage concerns. • Potential for Rent Increases: Current leases are below market rates, presenting an opportunity to increase rental income significantly. According to provided data, studio apartments rent for $2050, one-bedroom for $2340, two-bedroom for $2970, three-bedroom for $3860, and four-bedroom for $4240.

The Bad

• High Purchase Price: At $1,950,000, the price is high considering the age of the property, the potential for needed repairs, and the high property crime rate in the area. • Low School Ratings: Palms Elementary School has a rating of 4/10, which may deter families with young children seeking high-quality public education. • Limited Parking: With only 9 parking spaces for 9 units, parking could be a challenge for tenants, especially if they have multiple vehicles. • Reliance on Wall Units for Heating/Cooling: Wall electric and wall unit(s) may not be as efficient or desirable as central HVAC systems, potentially impacting tenant comfort and satisfaction.

The Ugly

• High Property Crime Rate: Culver City has a high property crime rate compared to state and national averages (158.7% and 210.1% higher, respectively). This can lead to increased insurance costs, difficulty attracting tenants, and potential security expenses. • Age and Condition: Built in 1922 with major renovations in the 1940s, the property is likely to require significant maintenance and potential upgrades to meet modern standards. The 'as-is' condition means the buyer assumes all risks. • Potential High Renovation Costs: The unique architecture, while appealing, may complicate and increase the cost of necessary renovations or upgrades. Obtaining permits for such a unique property may also be challenging. • Rising Violent Crime: Culver City has seen an increase in violent crimes from 557 in 2022 to 560 in 2023. This negative trend may deter potential tenants and impact property value.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Investors Seeking Unique, Historic Properties: This property's unique design and Hollywood history could attract tenants and tourists interested in a distinctive living experience. The potential for rent adjustments also makes it attractive to investors. • Buyers Comfortable with Older Properties: Those who appreciate vintage architecture and are prepared for the maintenance and potential upgrades that come with a property built in the 1940s. • Buyers Looking for a Property in the Entertainment Hub: Given the property's location in the 'creative epicenter' of Los Angeles, it is ideal for those wanting to be close to industry leaders and entertainment headquarters. • Buyers Prepared for 'As-Is' Trust Sales: Those familiar with trust sales and willing to accept the property in its current condition, understanding that no court confirmation is required.

Not For

• Buyers Seeking Modern, Low-Maintenance Properties: The property's age (built in 1922 with significant renovations in the 1940s) and 'as-is' condition may deter those looking for move-in ready, modern amenities and low upkeep. • Risk-Averse Buyers: The high property crime rate in Culver City, significantly above state and national averages, might make this property unsuitable for those highly concerned about safety and security. • Buyers with Limited Renovation Budgets: Given the unique architecture and older construction, renovations or upgrades could be costly and challenging. • Buyers Relying on High School Quality: With Alexander Hamilton Senior High School scoring a 6/10, families prioritizing top-rated schools might seek properties in other districts.
Demographics
Area Median Income

$105,932

Property History

Price History
Ownership Timeline
$0Cash Purchase
Mar 4, 2010
The Martha Joseph Trust, Martha JosephJeannette S Kesterson
Affidavit Death Of Trustee/Successor Trustee
Non-Arm's Length Transactions
$0Cash Purchase
Oct 3, 2002
Martha JosephMartha Joseph, Martha Joseph Trust
Intrafamily Transfer
Non-Arm's Length Transactions
$0Cash Purchase
Jan 1, 1970
Lawrence Joseph DeceasedMartha Joseph
Affidavit Of Death
Non-Arm's Length Transactions

Property Taxes

$9,659
2024 Tax Assessment
1.9%from previous year
Assessed Value$780,576
Tax Rate1.24%

Market Insights

Real-time analysis of the local housing market

January 2025
Seller's Market

This is currently a competitive market for buyers in 90232. Homes are selling quickly and often above asking price, so be prepared to act fast and make strong offers.

$1,800,000
$943/sqft
5.9%
Change from last month
Your price: $1.9M (+8%)
Your price/sqft: $178/sqft (-81%)
31
6 sold last month
47.6%
Change from last month
73 days
Average for homes in this area
78.9%
Change from last month
This property: 5 days (-93%)

Sale Price Distribution

Last month
1
Over Asking
homes
0
At Asking
homes
5
Under Asking
homes
Total: 6 homes sold

If you're buying a home in 90232, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Sale Time Distribution

Last month
1
Under 30 Days
homes
Your property
3
30-90 Days
homes
2
Over 90 Days
homes
Total: 6 homes sold

Avg time on Rocket Homes in 90232 has remained consistent over time.

Risk Assessment

Climate Risks

heatMAJOR

7 extreme heat days per year

98th percentile: 85°F

airMODERATE

6 bad air quality days per year

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

fireMINIMAL

Insurance: Optional

windMINIMAL

Insurance: Optional

Safety Analysis

50/100
Average

Based on data from Culver City Police Department

Total Crime Rate
2957.5
per 100,000 residents
Violent Crime Rate
558.5
per 100,000 residents
Property Crime Rate
2386.5
per 100,000 residents

Crime Rate Comparison

Recent Crime Trends

2022
Violent Crimes
557
Property Crimes
2,178
2023
Violent Crimes
560
0.5%
Property Crimes
2,620
20.3%

Risk Analysis

• High Property Crime Rate: Culver City's property crime rate is significantly higher than state and national averages (158.7% and 210.1% higher, respectively). This could lead to increased insurance costs and potential security upgrades. • Below-Market Rents: While this presents an opportunity for future rent adjustments, it also means the current income may not justify the high purchase price. A detailed analysis of current leases is essential. • Age of the Property: Built in 1922 and significantly altered in the 1940s, the property may have outdated systems (plumbing, electrical) requiring costly upgrades. • 'As-Is' Condition: The property is being sold 'as-is,' meaning the buyer assumes all responsibility for existing issues. A thorough inspection is crucial to identify potential problems. • Air Quality: With a moderate air quality risk (4/10) and 6 bad air days per year, tenants with respiratory issues may be deterred.
Insurance
Annual Cost

$7,020

$585 per month

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Schools

Palms Elementary School

Public•Grades K-5
4/5
Elementary
0.6 mi
Get more information on GreatSchools

Palms Middle School

Public•Grades 6-8
7/5
Middle
1 mi
Get more information on GreatSchools

Alexander Hamilton Senior High School

Public•Grades 9-12
6/5
High
0.9 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (10 bed)

$4,240

Get a detailed estimate on Zillow®
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Location & Comparables

Subject Property
Comparable Sales
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