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9432 Venice Blvd 10,032 SF Office Building Culver City, CA 90232 $13,500,000 ($1,345.69/SF) 3.83% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Prime location in the heart of Downtown Culver City, walking distance to Main Street.

EXECUTIVE SUMMARY

Can be developed with 10,000 sqft with retail on ground floor & 70 to 75 residential units. Currently leased to Fresenius Medical Care w/ 5 years remaining & 5-year option at market. Tenant has no prop 13 protection. Tenant to pay any increase in property taxes over a base year of $15,125. Brick building seismically retrofitted. Sits in City of Los Angeles zoning requirements. Please see OM & call listing office with any questions.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Medical
Building Size
10,032 SF
Building Class
C
Year Built
1948
Price
$13,500,000
Price Per SF
$1,345.69
Cap Rate
3.83%
NOI
$516,689
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,032 SF
Building FAR
0.45
Lot Size
0.52 AC
Zoning
MU (EC) - Neighborhood Commercial, Development, Retail, Office, Medical, Multifamily, Mixed Use, Many Uses Available. Verify MU (EC) Zoning.
Parking
24 Spaces (2.39 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Health Care and Social Assistance
  • 10,032 SF
  • -
  • -

Fresenius Medical Care, a publicly traded company, is the world’s leading provider of products and services for patients with chronic kidney disease, established through a merger in 1996. The company operates approximately 3,700 dialysis clinics globally and serves over 299,000 patients per year, supported by around 40 production facilities for dialysis machines, dialyzers, and related supplies. It offers in-center and home dialysis, vascular access care, renal pharmaceuticals, and clinical lab services. In 2025, Fresenius emphasized expanding home dialysis programs and advancing patient-centered technologies. The Morristown, TN center at 420 W Morris Blvd is part of its U.S. network, providing in-center hemodialysis, peritoneal dialysis, and home hemodialysis training. Leadership is based in Germany, but regional leadership, including center operations, is supported by executive and medical officers across North America.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Health Care and Social Assistance 10,032 SF - -
Walk Score®
Walker's Paradise (97)
Bike Score®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4206-028-020
Land Assessment
$321,141
Improvements Assessment
$1,039,876
Total Assessment
$1,361,017
  • Listing ID: 26417401

  • Date on Market: 8/17/2022

  • Last Updated:

  • Address: 9432 Venice Blvd, Culver City, CA 90232

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