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Property Description

A Westside investment to grow with…Classic, SoCal “garden-style walkup” property surrounding a sparkling pool. The perfect unit mix, particularly for Culver City: Studio units are highly desirable for the young, ‘hip’ renting demos in Culver and West LA, where lifestyle and location trump bedroom count or square footage. Studios are highly approachable, pricewise, for many renters and therefore, vacancies are quickly filled. AND, Studios afford an operator a nice hedge against rent control! Some occasional, organic turnover, here, helps keep rents pacing with market – unlike buildings made up of 2 and 3 Bedroom units, that tend to turn over, less frequently. Location strength: Culver City straddles the 405 Fwy. and borders Venice, Playa Vista, Palms and Rico Robertson. The subject property is well-located between the 405 Fwy. and downtown Culver and Sony Studios – and easily walkable to all the retail and dining along Sepulveda, around the corner, literally. Lastly, excellent ASSUMABLE FINANCING AT ONLY 3.45%. Loan amount $2.48MM. Fixed until Mar. 2026.Priced at $286K/unit – well under the Culver City sales comp average of $333K/unit .EXCLUSIVELY LISTED AT $6,299,000.

Features
: In ground
: Wall Furnace
2
0
Additional Information
CBRE, Inc.
0
CLW-C128981
CLW-X7429503
Brice
4215014022
: Standard
Two
32

Multi-Family For Sale

11178 Culver Boulevard, Culver City, California 90230

8,492 Sqft
$6,299,000
Listing ID #24403971
Basic Details
Status : Active
DaysOnMarket : 15
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24403971
Price : $6,299,000
Living Area : 8,492 Sqft
Lot Size : 10,805 Sqft
Year Built : 1956
Country : US
State : California
County : Los Angeles
City : Culver City
Zipcode : 90230
Price Per Square Foot : $742
ModificationTimestamp : 2024-06-13 18:13:11
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