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Jefferson Media Campus 2 Properties Offered at $21,300,000 in Culver City, CA

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INVESTMENT HIGHLIGHTS

  • One of West LA's most desirable Office Submarket
  • Renovated Creative Office Campus
  • Owner-User Opportunity with Income
  • Covered Land Play Opportunity
  • Walkable Lifestyle

EXECUTIVE SUMMARY

This offering consists of two brick creative office buildings totaling 40,229 square feet, accompanied by a large surface parking lot, all situated on a 1.67-acre site in the vibrant Culver City submarket of Los Angeles.9905 Jefferson Blvd is currently 100% leased to a single tenant, PrettyBird Pictures, Inc., whose lease extends through October 2025 in an upgraded creative office space. 9909 Jefferson Blvd is currently owner-occupied and will either be vacated upon sale or enter into a short-term leaseback. The property features beautiful bow truss ceilings, private offices, studio space, recording rooms, and renovated kitchens and bathrooms.
This property offers an exceptional opportunity for an owner-user to immediately occupy the vacant building, with the potential to expand into additional space upon lease expiration in the adjoining building. Alternatively, a new owner can capitalize on the existing rental income while exploring future tenant options. Investors will find
value in the existing cash flow, alongside the chance to lease the vacant building, implementing a value-add strategy in one of Los Angeles’ premier submarkets for creative office space.
The Property is also a perfect covered land play for mixed-use residential development. The City of Culver City just updated their general plan to allow for dense residential zoning, which can be further increased by applying state density bonuses.
Culver City’s dynamic environment, robust infrastructure, and recent zoning updates make the Property ideal for a variety of uses, whether it be for continued office occupancy or future multifamily development. For office users, the Property provides an attractive and central location with immediate occupancy options and expansion
potential. For developers, the updated zoning and connectivity to major employers such as Amazon, ByteDance (TikTok), Apple, HBO, and Sony Pictures, combined with access to vibrant dining, retail, and entertainment options, make this site a prime opportunity for creating a premier mixed-use community. The close proximity to the Culver City Metro Station enhances its appeal, offering seamless connectivity to the greater Los Angeles area. Jefferson Blvd Media Campus is an exceptional opportunity for buyers seeking a versatile asset in one of Los Angeles’ most sought-after neighborhoods.Cushman & Wakefield of California, Inc. as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in the Jefferson Blvd Media Campus in Culver City, CA (the “Property”). This offering consists of two brick creative office buildings totaling 40,229 square feet, accompanied by a large surface parking lot, all situated on a 1.76-acre site in the vibrant Culver City submarket of Los Angeles.
9905 Jefferson Blvd is currently 100% leased to a single tenant, PrettyBird Pictures, Inc., whose lease extends through September 2026 in an upgraded creative office space. 9909 Jefferson Blvd is currently owner-occupied and will either be vacated upon sale or enter into a short-term leaseback. The property features beautiful bow truss ceilings, private offices, studio space, recording rooms, and renovated kitchens and bathrooms.
This presents a prime opportunity for an owner-user to occupy the vacant building immediately and potentially expand into the other building when PrettyBird’s lease expires. Alternatively, the new owner could extend PrettyBird’s lease or secure another tenant, capitalizing on the rental income. An investor can also benefit from PrettyBird’s in-place cash flow while seizing the chance to lease the vacant building, applying a value-add strategy in one of Los Angeles’ most desirable submarkets for creative office space.
The Property is also a perfect covered land play for mixed-use residential development. The City of Culver City just updated their general plan to allow for dense residential zoning, which can be further increased by applying state density bonuses.
Culver City’s dynamic environment, robust infrastructure, and recent zoning updates make the Property ideal for a variety of uses, whether it be for continued office occupancy or future multifamily development. For office users, the Property provides an attractive and central location with immediate occupancy options and expansion potential. For developers, the updated zoning and connectivity to major employers such as Amazon, ByteDance (TikTok), Apple, HBO, and Sony Pictures, combined with access to vibrant dining, retail, and entertainment options, make this site a prime opportunity for creating a premier mixed-use community. The close proximity to the Culver City Metro Station enhances its appeal, offering seamless connectivity to the greater Los Angeles area. Jefferson Blvd Media Campus is an exceptional opportunity for buyers seeking a versatile asset in one of Los Angeles’ most sought-after neighborhoods

PROPERTY FACTS

Price $21,300,000
Price / SF $491.22 / SF
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 43,361 SF
Total Land Area 3.34 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Welk Media Center
9909 Jefferson Blvd, Culver City, CA 90232
Flex 26,316 SF 1956 -
9905 Jefferson Blvd, Culver City, CA 90232 Office 17,045 SF 1956 -
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  • Listing ID: 33378487

  • Date on Market: 10/2/2024

  • Last Updated:

  • Address: Jefferson Media Campus, Culver City, CA

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