$3,550,000

11020 Venice Boulevard, Culver City, CA 90232

  • 8 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon9,152sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

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 Citys dining, shopping, and cultural amenities, with Venice, Abbot Kinney, and the beach just minutes away. No wonder Culver City is consistently ranked one of the top places to live in L.A. the lifestyle sells itself. Rare product. Real income. Strong fundamentals. Great submarket. Dont wait well-positioned assets like this dont trade often.

Listing Status:
Active
Listing Office:
eXp Realty of California, Inc : 310-798-1277
Listing Agent:
Edward Kaminsky : 310-427-2414
MLS ID:
SB25186586
  • Pool: N/K
  • General: 2 Story
  • Originating MLS: California Regional MLS
  • County: Los Angeles
  • Zoning: Assessor4213004015
  • Source: California Regional MLS

This listing courtesy of Edward Kaminsky, eXp Realty of California, Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

La Ballona Elementary School

10915 Washington Blvd, Culver City, CA, 90232

Grades KG-5

0.24 miles away

C

Culver City Unified School District Iacademy

4601 Elenda St Cp Annex, Culver City, CA, 90230

Grades KG-12

0.83 miles away

C

Culver City Unified School District Iacademy

4601 Elenda St Cp Annex, Culver City, CA, 90230

Grades KG-12

0.83 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.