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11178 Culver Boulevard, Culver City, CA 90230
Priced at Only: $4,750,000
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Address: 11178 Culver Boulevard, Culver City, CA 90230
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  • MLS#: 26669199 ( )
  • Street Address: 11178 Culver Boulevard
  • Viewed: 2
  • Price: $4,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 21
  • Additional Information
  • County: LOS ANGELES
  • City: Culver City
  • Zipcode: 90230
  • Provided by: Compass
  • Contact: Kenny Kenny
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 $4,750,000, the property is priced at $215,909 per unit and operates at a 6.05% CAP and 10.51 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 7.25% CAP and 9.30 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.
Features
Building Area Total
  1. 8492.00
Common Walls
  1. 1 Common Wall
Country
  1. US
Direction Faces
  1. North
Heating
  1. Wall Furnace
Laundry Features
  1. None
Levels
  1. Two
Netoperatingincome
  1. 287320.00
Parcel Number
  1. 4215014022
Parking Features
  1. Covered
Security Features
  1. Gated Community
Sourcesystemkey
  1. 26669199:CLAW
Totalexpenses
  1. 153396.00
View
  1. None
Year Built
  1. 1956
Zoning
  1. CCC3*
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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