Multifamily

11178 Culver Blvd

11178 Culver Blvd, Culver City, CA 90230

Listing Price: $6,099,000

Cap Rate
4.30%
Number of Units
22
GRM
15.30
Occupancy
97.0%
Price/Unit
$277,227
Price/Gross SF
$718.21
Gross SF
8,492

Investment Overview

About as logistically-desirable as a location can beon Culver Blvd, just off Sepulveda and the 405 and minutes to downtown Culver and Sony Studios - in the heart of The Westside, but superior in that Culver City's schools and city services are widely-considered to be superior to the surrounding "city of LA" neighborhoods of Palms and Mar Vista.
The subject property presents an owner a hedge against rent control's constraints, due to its unit mix of mostly Singles - this unit mix is desirable for the predominantly youthful renting demos in The Westside #1 and #2 turns over more often than 2 bed and 3 Bed units, affording an owner a market rent opportunity each time. The subject property is garden-style, walk-up around a sparkling pool.









Investment Highlights

  • Always sought-after Culver City investment opportunity
  • Perfectly located on Culver between the 405 and Sony Studios
  • Rare, large opportunity vs a typical 6 or 8 unit Westside deal
  • Unit mix ideal for the Culver renting demos and for 'pacing rents' with market
  • Unit mix of mostly Singles means lighter annual utility expenses, also
  • Current, annualized gross income of over $400,000! Over $460,000 proforma.

Exclusively Listed By

Listing Price: $6,099,000

Cap Rate
4.30%
Number of Units
22
GRM
15.30
Occupancy
97.0%
Price/Unit
$277,227
Price/Gross SF
$718.21
Gross SF
8,492

Investment Highlights

  • Always sought-after Culver City investment opportunity
  • Perfectly located on Culver between the 405 and Sony Studios
  • Rare, large opportunity vs a typical 6 or 8 unit Westside deal
  • Unit mix ideal for the Culver renting demos and for 'pacing rents' with market
  • Unit mix of mostly Singles means lighter annual utility expenses, also
  • Current, annualized gross income of over $400,000! Over $460,000 proforma.

Investment Overview

About as logistically-desirable as a location can beon Culver Blvd, just off Sepulveda and the 405 and minutes to downtown Culver and Sony Studios - in the heart of The Westside, but superior in that Culver City's schools and city services are widely-considered to be superior to the surrounding "city of LA" neighborhoods of Palms and Mar Vista.
The subject property presents an owner a hedge against rent control's constraints, due to its unit mix of mostly Singles - this unit mix is desirable for the predominantly youthful renting demos in The Westside #1 and #2 turns over more often than 2 bed and 3 Bed units, affording an owner a market rent opportunity each time. The subject property is garden-style, walk-up around a sparkling pool.









Exclusively Listed By

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