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11262 Venice Blvd 6 Unit Apartment Building $1,800,000 ($300,000/Unit) 5.61% Cap Rate Culver City, CA 90230
Investment Highlights
- 2 brand-new units built in 2025 (Units A and B) - NON Rent Controlled
- Great Unit Mix of (4) 2 Bdr & (2) 1 Bdr
- Current GRM: 10.73
- Year built 1954 / 2025
- Current Cap Rate: 5.61%
- Laundry Hook Ups
Executive Summary
Two 2025-built units, Non Rent Controlled, delivered VACANT at close. Four occupied units. Unit mix includes 1 bed 1 bath, 2 bed 1 bath, and 2 bed 2 bath. Laundry hookups, separately metered gas and electric. Located minutes from LAX, Santa Monica, Venice, Marina del Rey, and Playa Vista. Do not disturb tenants. By appointment only. Contact agent for OM.
Property Facts
| Price | $1,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $300,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 5.61% | Building Size | 4,500 SF |
| Gross Rent Multiplier | 10.7 | Average Occupancy | 66% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1954/2025 |
| Property Subtype | Apartment | Parking Ratio | 0.44/1,000 SF |
| Zoning | CCR4YY | ||
| Price | $1,800,000 |
| Price Per Unit | $300,000 |
| Sale Type | Investment |
| Cap Rate | 5.61% |
| Gross Rent Multiplier | 10.7 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 66% |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2025 |
| Parking Ratio | 0.44/1,000 SF |
| Zoning | CCR4YY |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Granite Countertops
- Hardwood Floors
- Stainless Steel Appliances
- Range
- Yard
- Freezer
- Large Bedrooms
Site Amenities
- Controlled Access
- Fenced Lot
- Laundry Facilities
- Gated
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $4,235 | 550 - 600 |
| 2+1 | 2 | $5,108 | 650 - 700 |
| 2+2 | 2 | $7,000 | 750 - 850 |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4214-001-018 | Improvements Assessment | $78,030 |
| Land Assessment | $1,040,400 | Total Assessment | $1,118,430 |
Property Taxes
Parcel Number
4214-001-018
Land Assessment
$1,040,400
Improvements Assessment
$78,030
Total Assessment
$1,118,430
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11262 Venice Blvd
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