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$6,299,000

Beds
2
sq ft
8,492

11178 Culver Blvd, Culver City, CA 90230

11178 Culver Blvd

Culver City, CA 90230

  • 19 days on market
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.

Details

Property type

Lot size

0.248 acres

Price per sq ft

$742

Year built

1956

HOA

No

Price History

05/29/2024
CLAW

CLAW #24403971

Listed
$6,299,000

Schools & Community

Neighborhood: 

Park West

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 07/03/2024 at 8:25 AM

Listing updated: 06/13/2024 at 6:43 PM

Listed by: Brice Head, CBRE, Inc. Phone #: (310) 363-4900

MLS: CLAW #24403971

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