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… Read More 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. Read Less
Courtesy of Compass 310-230-5478
Listing Snapshot
Days Online
3
Last Updated
Property Type
Other
Beds
1
Square Ft.
8,492
Lot Size
0.25 Acres
Year Built
1956
MLS Number
26669199
30 Days Snapshot Of 90230
$987k
0%
(avg) sold price
9
-10%
homes sold
58
-52%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
8,492 sq ft, Built in 1956, Levels: Two, Attached
Cooling
Window Unit(s)
Disclosures
As Is
Garage
Covered Parking
Heating
Wall
Laundry
None
Lot
LotAcreage: 0.248, LotSizeArea: 10,805
Parking
CoveredParking: 9, TotalParking: 9
Property
NumberOfUnits: 22, Zoning: CCC3*
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