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5861-5863 Washington Blvd 0.23 Acres of Commercial Land Offered at $3,325,000 in Culver City, CA 90232
Investment Highlights
- Corner land parcel with entitlements for 16,700 SF creative office bldg near Apple, Amazon, HBO, Cumulus District, Downtown Culver City
- Walking distance to two Metro Line stations and easy access to the Santa Monica (I-10) Freeway.
- Property includes 43 car parking and is walking distance to two Metro Line stops and right off 10 Freeway .
- Zoning allows for mixed-use development with potential for up to 27 residential units and retail.
Executive Summary
This offering presents a 10,034 SF corner parcel in Culver City’s Arts District, fully entitled for a 16,617 SF freestanding creative office building. The approved design includes three levels plus a mezzanine, featuring expansive open layouts and modern architectural elements. The project provides 43 on-site parking spaces, with a mix of surface and basement parking, ensuring convenience for future occupants. In addition to the entitled office development, the site offers flexibility for a mixed-use approach, allowing for residential units and retail integration, with potential for up to 27 units. Immediate availability and a significant price reduction make this a compelling opportunity for developers and investors seeking a high-demand location in a thriving creative corridor.
Property Facts
| Price | $3,325,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.23 AC |
| Property Type | Land | ||
| Zoning | CCM1* - Mixed-use corridor | ||
| Price | $3,325,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.23 AC |
| Zoning | CCM1* - Mixed-use corridor |
1 Lot Available
Lot
| Price | $3,325,000 | Lot Size | 0.23 AC |
| Price Per AC | $14,456,521.74 |
| Price | $3,325,000 |
| Price Per AC | $14,456,521.74 |
| Lot Size | 0.23 AC |
Two contiguous legal parcels of 2500 and 7532 square feet..
Description
Located near major entertainment and technology hubs, the site is in close proximity to Apple, Amazon, HBO, and the Cumulus District, as well as Downtown Culver City. The property benefits from excellent connectivity, positioned within walking distance of two Metro Line stations and just off the Santa Monica (I-10) Freeway, offering seamless access to the greater Los Angeles area.
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Moderately walkable
70/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $81,235 | |
| Land Assessment | $1,978,793 | Total Assessment | $2,060,028 |
Property Taxes
Parcel Numbers
Land Assessment
$1,978,793
Improvements Assessment
$81,235
Total Assessment
$2,060,028
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5861-5863 Washington Blvd
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