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11178 Culver Blvd, Culver City, CA 90230

  • $4,750,000

  • 1

    bed

  • 22

    bath

  • 8,492

    Sqft ($559/Sqft)

Multi-family for sale 32 days
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About 11178 Culver Blvd

Property type Multi-family
Neighborhood
Year built 1956
HOA fee $0/month
Lot size 10,805 Sqft
Rental estimate $1,955/Month
Property 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.
Listed by
Listing Agent - Kenny Stevens
Listing Office - Compass
Source: The MLS mls logo
MLS#26669199 • last updated 1 month ago
Movoto checked The MLS for data 5 minutes ago
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Overview
Levels/Style Two
MLS # 26669199
Type Residential Income
Status Active
SqFt 8492
Lot Size (SqFt) 10805
Lot Size (Acres) 0.248
Year Built 1956
Interior
Total # of Baths 22
Total # of Bedrooms 1
Exterior
# Parking Spaces 9
Parking Desc Covered Parking
# Covered Parking Spaces 9
Add'l Structures None
Amenities / Utilities
Equipment Other
Location
County Los Angeles
View None
Zoning CCC3*
APN 4215-014-022
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 3: Projected Rent 1750
Unit 1: Projected Rent 2450
Unit 1: # Beds 1
Unit 1: Rent 1750
Unit 2: Rent 1596
Unit 3: Rent 901
Unit 2: Furnished No
Unit 2: Projected Rent 37000
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 2: Actual Rent 31921
Unit 3: Actual Rent 901
Unit Type 2106, 2107, 2108
Unit 1: Actual Rent 1750
Total # Of Buildings 1
Net Operating Income 287320
Cap Rate 6.05
Vacancy Rate 0 Units
Gross Income 451925
Gross Operating Income 440627
Gross Rent Multiplier 10.51
Total Annual Expenses 153396
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  • Real Estate
  • CA
  • Los Angeles County
  • Culver City
  • 90230
  • Park West
  • 11178 Culver Blvd

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