11178 Culver Boulevard, Culver City, CA 90230

  • $6,299,000
  • $742
11178 Culver Boulevard, Culver City, CA 90230
  • Residential Income
  • Property Type
  • 2
  • Bedrooms
  • 22
  • Bathrooms
  • 8492.00
  • 1956
  • Year Built
For Sale
11178 Culver Boulevard, Culver City, CA 90230
  • $6,299,000
  • $742

Overview

Property ID: SGR-33037173
  • Residential Income
  • Property Type
  • 2
  • Bedrooms
  • 22
  • Bathrooms
  • 8492.00
  • 1956
  • Year Built

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.

  • Address 11178 Culver Boulevard
  • City Culver City
  • State/county CA
  • Zip/Postal Code 90230
  • Area C28 - Culver City
  • Country United States

Details

Updated on June 24, 2024 at 10:42 am
  • Property ID: SGR-33037173
  • Price: $6,299,000
  • Property Size: 8492.00 m²
  • Land Area: 10805.00 m²
  • Bedrooms: 2
  • Bathrooms: 22
  • Year Built: 1956
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 8492.00
  • MLS#: 24403971
  • Office Name: CBRE, INC.
  • Agent Name: Brice Head
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01330706

Additional details

  • Cooling: None
  • Heating: Wall Furnace
  • County: Los Angeles
  • Parking: 0.00

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