11178 Culver Boulevard , Culver City, CA - 90230, Culver City CA is for sale :

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Dmitry Litvishkov (310)-709-4920

11178 Culver Boulevard , Culver City, CA - 90230 is For Sale

Details

Price : $6,299,000

Address : 11178 Culver Boulevard

City : Culver City

State : CA

Area : C28 - Culver City

Property Type : Residential Income

Sq M : 1,004 M²

Total Units : 22

Gross Operating Income : $461,547

Net Operating Income : $448,614

MLS# : 24403971

Lot Size (Acres) : 0.248 ac

Property Description

Culver City Home For Sale. 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.

Listed By

Cbre, Inc.

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