11178 Culver Boulevard

Culver City, CA 90230

$6,299,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $741 / sqft

1956

calendar_month Built

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.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Features Ceiling Fan(s)
Cooling Type None

Listing Information

Address 11178 Culver Boulevard
City Culver City
State CA
Zip 90230
County Los Angeles
Listing Agent Brice Head DRE#01330706
Courtesy Of CBRE, Inc.
MLS 24403971
List Price $6,299,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 10,805
Year Built 1956
DOM 17

Exterior Information

Maps

Listing information courtesy of: Brice Head, CBRE, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 13th, 2024 at 6:13 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.