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A 19-Unit Mixed-Use Building in Culver City 10054 Culver Blvd 19 Unit Apartment Building $5,675,000 ($298,684/Unit) 6.05% Cap Rate Culver City, CA 90232
INVESTMENT HIGHLIGHTS
- Situated across from Sony Pictures Studios and surrounded by world-class shopping, dining, museums, theaters, and job hubs throughout Culver City
- Long term ownership - Owned & operated for the last 17 years
- Only 16.9% of multi-family buildings are 18 units or more in the 90232 zip code
- A rare opportunity for investors in Culver City, a market where the average transaction size is 11 units over the last five years
- All commercial tenants have a long and stable operating history
- All residential units have been upgraded with new flooring, granite countertops, stainless steel appliances, tiled bathrooms, new cabinets and more
EXECUTIVE SUMMARY
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 19-unit (16 residential & 3 commercial) mixed-use building located at 10054 Culver Boulevard, Culver City. The subject property is located just south of Washington Boulevard and east of Overland Avenue, within walking distance to Downtown Culver City. Culver City is a vibrant and centrally positioned neighborhood known for its rich film and television history, walkable downtown, and thriving arts and culinary scenes. The area boasts top-rated schools, a mix of charming historic homes and modern developments, and some of strongest employment drivers in the city. Its revitalized downtown features trendy restaurants, art galleries, and live entertainment, contributing to its appeal as one of LA’s most desirable places to live and invest.
Situated on an 8,133 square foot parcel, the property is comprised of one studio, 14 junior one-bedroom units, one two-bedroom unit, and three commercial spaces. The property has remaining rental upside through tactful interior improvements. Common area amenities include 10 on-site parking spaces and an on-site laundry facility. A standout commercial tenant is Super Domestic Coffee, a community-focused café known for its cycling theme and high quality, house-roasted coffee—popular among locals and visitors alike.
Located on the Westside, Culver City is one of the most sought-out rental markets in Los Angeles. Given the prime location, mixed-use component, & remaining value add potential, 10054 Culver Boulevard is a great opportunity to provide investors with stable returns and long-term appreciation potential.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
* Please refer to the Unit Mix shown in the Offering Memorandum (OM), not the figures listed on LoopNet or CoStar.
Situated on an 8,133 square foot parcel, the property is comprised of one studio, 14 junior one-bedroom units, one two-bedroom unit, and three commercial spaces. The property has remaining rental upside through tactful interior improvements. Common area amenities include 10 on-site parking spaces and an on-site laundry facility. A standout commercial tenant is Super Domestic Coffee, a community-focused café known for its cycling theme and high quality, house-roasted coffee—popular among locals and visitors alike.
Located on the Westside, Culver City is one of the most sought-out rental markets in Los Angeles. Given the prime location, mixed-use component, & remaining value add potential, 10054 Culver Boulevard is a great opportunity to provide investors with stable returns and long-term appreciation potential.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
* Please refer to the Unit Mix shown in the Offering Memorandum (OM), not the figures listed on LoopNet or CoStar.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Price | $5,675,000 | Apartment Style | Low-Rise |
| Price Per Unit | $298,684 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.05% | Building Size | 8,620 SF |
| Gross Rent Multiplier | 10.9 | No. Stories | 2 |
| No. Units | 19 | Year Built | 1953 |
| Property Type | Multifamily | Parking Ratio | 1.16/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C3, Culver City | ||
| Price | $5,675,000 |
| Price Per Unit | $298,684 |
| Sale Type | Investment |
| Cap Rate | 6.05% |
| Gross Rent Multiplier | 10.9 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 8,620 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 1.16/1,000 SF |
| Zoning | C3, Culver City |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- On-Site Retail
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 300 |
| 1+1 | 17 | - | 288 - 450 |
| 2+1 | 1 | - | 775 |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Number | 4207-010-005 | Improvements Assessment | $1,812,651 |
| Land Assessment | $2,232,977 | Total Assessment | $4,045,628 |
PROPERTY TAXES
Parcel Number
4207-010-005
Land Assessment
$2,232,977
Improvements Assessment
$1,812,651
Total Assessment
$4,045,628
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A 19-Unit Mixed-Use Building in Culver City | 10054 Culver Blvd
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