11178 Culver Boulevard

Culver City, CA 90230

$6,299,000

List Price

2

bed Beds

22

shower Baths

8,492 sqft

straighten / 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.

Listing Information

List Price $6,299,000
Status Active
MLS 24403971
Type Residential Income
Year Built 1956
Lot Size 10,805
Structure Size 8,492
DOM 76
Courtesy Of CBRE, Inc.
Listing Agent Brice Head DRE#01330706

Interior Features

Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 22
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Brice Head, CBRE, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 14th, 2024 at 1:13 AM 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.