9337 National Boulevard is centrally located, mere steps from the Palms Metro Expo Line, providing easy access to Santa Monica Beach and Downtown Los Angeles. The property boasts a walk score of 78, offering access to shops, restaurants, and entertainment along National Boulevard, Venice Boulevard, and Robertson Boulevard, and schools such as Hamilton High School, Shenandoah Street Elementary
School, and Castle Heights Elementary School nearby. 9337 National Boulevard is minutes from Downtown Culver City, with the area boasting trendy restaurants and shops, a Trader Joes, Arclight Cinemas, and Sony Pictures Studio. With already over ±28,988 jobs in the immediate area, 9337 National Boulevard is also near major new developments, including the third Google LA Campus, located in the old “Westside Pavilion” shopping center, and the “Ivy Station,” a ±2.2 acre of retail, office, and multifamily development, which will add more jobs and attract more people to the area. 9337 National Boulevard is also in close proximity to the 10 Freeway, offering ease of access to downtown, and Greater Los Angeles.
While the current ownership has diligently maintained the property, the current ownership has not been aggressive in increasing rents or implementing unit renovations across all units. With current rents approximately ±30% below market, a new owner is presented with the opportunity to improve units and increase rents to market upon expiration of any in-place leases, and further increase rental income with complete unit renovations. The property is located in an area restricted by rent control and is subject to soft-story retrofit.
Given the property’s solid real estate fundamentals, which include its ideal location, strong unit mix, turnkey building condition, and substantial rental upside, 9337 National Boulevard is a solid investment for an investor seeking growth, stability, and a hedge against inflation.
