Joe Cloninger

Partner, Sales/Marketing License ID: 01954784

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$ 4,050,000

$ 4,550,000 11.0%

Est. payment | -/mo

1 Bed

22 Baths

8,492 SqFt

$ 4,050,000

$ 4,550,000 11.0%

Est. payment | -/mo

1 Bed

22 Baths

8,492 SqFt

Key Details

Sold Price $4,050,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,492 sqft

Price per Sqft $476

MLS Listing ID 26669199

Sold Date 06/25/26

Bedrooms 1

Year Built 1956

Lot Size 10,805 Sqft

Acres 0.248

Property Sub-Type Multi-Family

Property Description

***$200,000 price reduction*** 11178 Culver Blvd. presents the opportunity to acquire a 22-unit courtyard-style multifamily property in a central Culver City location, just off the intersection of Sepulveda Blvd. and Culver Blvd. The location is one of the property's strongest attributes. Along Washington Blvd. and Sepulveda Blvd., residents have access to an established mix of cafes, quick-service dining, neighborhood restaurants, fitness studios, and service-oriented retail that support day-to-day convenience. Downtown Culver City, located approx. 1.7 miles away, remains one of the Westside's most active commercial and entertainment hubs, while Marina del Rey, approx. 2.6 miles to the west, continues to see additional mixed-use development and newer retail concepts that reinforce the broader area's tenant appeal. The surrounding employment base further supports long-term rental demand. Culver City continues to benefit from its concentration of media, entertainment, and technology employers, including nearby operations tied to Sony Pictures, Amazon MGM Studios, Apple, and a broader network of production, post-production, and creative office users throughout Culver City and the surrounding Westside. Offered at $4,550,000, the property is priced at $206,818 per unit and operates at a 6.42% CAP and 10.01 GRM on current rents. Based on projected market rents for renovated units in the area, the property offers approximately 13% rental upside and is expected to stabilize at a 7.60% CAP and 8.93 GRM. Additional amenities include controlled access, covered parking spaces in the rear with alley access, and a RUBS utility reimbursement program that contributes supplemental income. Taken together, the building's layout, amenities, and operational setup support a manageable ownership profile without unnecessary complexity. With strong in-place financials, a well-located Westside setting, and a building layout that continues to appeal to renters seeking convenience and access, 11178 Culver Blvd. offers investors a central Culver City asset with stable income and clear upside.

Location

State CA

County Los Angeles

Area Culver City

Zoning CCC3*

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Window Unit(s)

Equipment Other

Laundry None

Exterior

Parking Features Covered Parking

Garage Spaces 9.0

View Y/N No

View None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by Compass
Bought with Bret Lewis, Broker