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$ 4,550,000
Est. payment /mo
Active
11178 Culver Boulevard Culver City, CA 90230
8,492 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,492 sqft
Price per Sqft $535
MLS Listing ID CL26669199
HOA Y/N No
Year Built 1956
Lot Size 10,805 Sqft
Acres 0.248
Property Sub-Type Other
Property Description
***$200,000 price reduction*** 11178 Culver Blvd. presents the opportunity to acquire a 22-unit courtyard-style multifamily property in a central Culver City location, just off the intersection of Sepulveda Blvd. and Culver Blvd. The location is one of the property's strongest attributes. Along Washington Blvd. and Sepulveda Blvd., residents have access to an established mix of cafes, quick-service dining, neighborhood restaurants, fitness studios, and service-oriented retail that support day-to-day convenience. Downtown Culver City, located approx. 1.7 miles away, remains one of the Westside's most active commercial and entertainment hubs, while Marina del Rey, approx. 2.6 miles to the west, continues to see additional mixed-use development and newer retail concepts that reinforce the broader area's tenant appeal. The surrounding employment base further supports long-term rental demand. Culver City continues to benefit from its concentration of media, entertainment, and technology employers, including nearby operations tied to Sony Pictures, Amazon MGM Studios, Apple, and a broader network of production, post-production, and creative office users throughout Culver City and the surrounding Westside. Offered at $4,550,000, the property is priced at $206,818 per unit and operates at a 6.42% CAP and 10.01 GRM on current rents. Based on projected market rents for renovated units in the area, the property offers approximately 13% rental upside and is expected to stabilize at a 7.60% CAP and 8.93 GRM. Additional amenities include controlled access, covered parking spaces in the rear with alley access, and a RUBS utility reimbursement program that contributes supplemental income. Taken together, the building's layout, amenities, and operational setup support a manageable ownership profile without unnecessary complexity. With strong in-place financials, a well-located Westside setting, and a building layout that continues to appeal to renters seeking convenience and access, 11178 Culver Blvd. offers investors a central Culver City asset with stable income and clear upside.
Location
State CA
County Los Angeles
Zoning CCC3*
Interior
Heating Wall Furnace
Fireplace No
Laundry No Hookups
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 4215014022
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Listed by Kenny Stevens • Compass
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