11178 Culver Blvd - Apartments FOR SALE


Culver City, CA 90230- Park West
$4,750,000 USD
310-968-7005
11178 Culver Blvd, Culver City, CA for Sale
$4,750,000 USD
Apartments - FOR SALE
1/12
null | 6.05% Cap Rate

11178 Culver Blvd
Culver City, CA 90230
Park West


HIGHLIGHTS

  • 22-unit courtyard-style apartment building located just off Sepulveda Blvd. and Culver Blvd. in central Culver City.
  • Offered at $4,750,000, equating to $215,909 per unit with strong in-place metrics at a 6.05% CAP and 10.51 GRM.
  • Approximately 13% rental upside with projected stabilization at a 7.25% CAP and 9.30 GRM.
  • Prime Westside location within 1.7 miles of Downtown Culver City and 2.6 miles from Marina del Rey.
  • Supported by a strong employment base including Sony, Amazon MGM Studios, Apple, and surrounding creative office users.
  • Features controlled access, covered rear parking with alley access, and a RUBS program for additional income.

OVERVIEW

11178 Culver Blvd. presents the opportunity to acquire a 22-unit courtyard-style multifamily property in a central Culver City location, just off the intersection of Sepulveda Blvd. and Culver Blvd. The location is one of the property's strongest attributes. Along Washington Blvd. and Sepulveda Blvd., residents have access to an established mix of cafes, quick-service dining, neighborhood restaurants, fitness studios, and service-oriented retail that support day-to-day convenience. Downtown Culver City, located approx. 1.7 miles away, remains one of the Westside's most active commercial and entertainment hubs, while Marina del Rey, approx. 2.6 miles to the west, continues to see additional mixed-use development and newer retail concepts that reinforce the broader area's tenant appeal. The surrounding employment base further supports long-term rental demand. Culver City continues to benefit from its concentration of media, entertainment, and technology employers, including nearby operations tied to Sony Pictures, Amazon MGM Studios, Apple, and a broader network of production, post-production, and creative office users throughout Culver City and the surrounding Westside. Offered at $4,750,000, the property is priced at $215,909 per unit and operates at a 6.05% CAP and 10.51 GRM on current rents. Based on projected market rents for renovated units in the area, the property offers approximately 13% rental upside and is expected to stabilize at a 7.25% CAP and 9.30 GRM. Additional amenities include controlled access, covered parking spaces in the rear with alley access, and a RUBS utility reimbursement program that contributes supplemental income. Taken together, the building's layout, amenities, and operational setup support a manageable ownership profile without unnecessary complexity. With strong in-place financials, a well-located Westside setting, and a building layout that continues to appeal to renters seeking convenience and access, 11178 Culver Blvd. offers investors a central Culver City asset with stable income and clear upside.

FOR SALE DETAILS

PRICE

$4,750,000 USD

PRICE/SF

$559 USD /SF

# OF UNITS

21

PRICE/UNIT

$226,190

CAP RATE

6.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

22 Units @ 10.51 GRM, 6.05% CAP & $215K PPU

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

C3, Culver City

APN/PARCEL ID

4215-014-022

ASK ABOUT THIS PROPERTY

Kenny StevensCompassMore Info
310-968-7005

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

Kenny StevensCompassMore Info
310-968-7005

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