11020-11028 Venice Blvd - Apartments FOR SALE


Culver City, CA 90232- Clarkdale
$3,795,000 USD
310-427-2414
11020-11028 Venice Blvd, Culver City, CA for Sale
$3,795,000 USD
Apartments - FOR SALE
1/19
null | 5.08% Cap Rate

11020-11028 Venice Blvd
Culver City, CA 90232
Clarkdale


OVERVIEW

Strong Income & Upside in a Rare Culver City Multi-Unit Located at 11020 - 11028 Venice Blvd. Investors: this is one to watch. Twelve 2 bed / 1 bath units plus three income-producing garages, totaling nearly 10,000 square feet of living space on a 9,152 sq ft lot. Two on-site laundry rooms offer added convenience (and potential income). The building has been freshly painted on the exterior and is currently generating solid income with below-market rents — average-condition 2BR units in the area are leasing for ~$2,400/month, offering clear upside through future renovations and lease-ups. Cap rate just over 5% — already outperforming many nearby assets. This property offers a compelling mix of stable in-place cash flow and long-term value growth potential. Located in Culver City proper — a submarket with historically strong tenant demand, low inventory, and consistent investor interest. Major employers are all around: Sony Pictures Studios, Southern California Hospital, Culver City Unified School District, West LA College, the buzzing Hayden Tract creative zone, plus the Westfield Culver City Mall just up the road. That means a deep pool of renters who want to live close to both work and play. Tenants also enjoy Culver City’s dining, shopping, and cultural amenities, with Venice, Abbot Kinney, and the beach just minutes away. No wonder Culver City is consistently ranked one of the top places to live in L.A. — the lifestyle sells itself. Rare product. Real income. Strong fundamentals. Great submarket. Don’t wait — well-positioned assets like this don’t trade often.

FOR SALE DETAILS

PRICE

$3,795,000 USD

PRICE/SF

$384 USD /SF

# OF UNITS

12

PRICE/UNIT

$316,250

CAP RATE

5.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,174 SF

ZONING

C4

APN/PARCEL ID

4213-004-015

ASK ABOUT THIS PROPERTY

Ed KaminskyKaminsky Real Estate GroupMore Info
310-427-2414

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Ed KaminskyKaminsky Real Estate GroupMore Info
310-427-2414

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.