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Listed by Edward Kaminsky • eXp Realty of California, Inc
$ 3,795,000
Est. payment /mo
New
11020 Venice BLD Culver City, CA 90232
9,152 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25186586
Year Built 1953
Lot Size 9,152 Sqft
Source California Regional MLS
Property Description
Strong Income & Upside in a Rare Culver City Multi-Unit Located at 11020 - 11028 Venice Blvd. Investors: this is one to watch. Twelve 2 bed / 1 bath units plus three income-producing garages, totaling nearly 10,000 square feet of living space on a 9,152 sq ft lot. Two on-site laundry rooms offer added convenience (and potential income). The building has been freshly painted on the exterior and is currently generating solid income with below-market rents - average-condition 2BR units in the area are leasing for ~$2,400/month, offering clear upside through future renovations and lease-ups. Cap rate just over 5% - already outperforming many nearby assets. This property offers a compelling mix of stable in-place cash flow and long-term value growth potential. Located in Culver City proper - a submarket with historically strong tenant demand, low inventory, and consistent investor interest. Major employers are all around: Sony Pictures Studios, Southern California Hospital, Culver City Unified School District, West LA College, the buzzing Hayden Tract creative zone, plus the Westfield Culver City Mall just up the road. That means a deep pool of renters who want to live close to both work and play. Tenants also enjoy Culver City's dining, shopping, and cultural amenities, wit
Location
State CA
County Los Angeles
Area C28 - Culver City
Interior
Heating Wall Furnace
Laundry Community Facility
Exterior
Parking Features No Parking
Garage Spaces 3.0
Pool None
Building
Water District - Public
Others
Tax ID 4213004015
Special Listing Condition Not Applicable
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