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26419178
26419179

10054 Culver Blvd, Culver City, CA 90232

SR
CA 01406343
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles
$5,675,000
300 days on market
Updated 90 days ago

10054 Culver Boulevard

Details
APN 4207-010-005
Property Type Multifamily, Retail
Sub Type Apartment Building, Storefront
Square Footage 8,620
Net Rentable (SqFt) 8,620
Units 19
Cap Rate 6.09%
NOI $345,458
Pro-Forma Cap Rate 6.31%
Pro-Forma NOI $358,281
Price per SqFt $658
Broker Co-Op Yes
Year Built 1953
Buildings 1
Stories 2
Zoning C3

A 19-Unit (16 Residential & 3 Commercial) Mixed-Use Building in Culver City

Marketing description

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a 19-unit (16 residential & 3 commercial) mixed-use building located at 10054 Culver Boulevard, Culver City. The subject property is located just south of Washington Boulevard and east of Overland Avenue, within walking distance to Downtown Culver City.

Culver City is a vibrant and centrally positioned neighborhood known for its rich film and television history, walkable downtown, and thriving arts and culinary scenes. The area boasts top-rated schools, a mix of charming historic homes and modern developments, and some of strongest employment drivers in the city. Its revitalized downtown features trendy restaurants, art galleries, and live entertainment, contributing to its appeal as one of LA’s most desirable places to live and invest.

Situated on an 8,133 square foot parcel, the property is comprised of one studio, 14 junior one-bedroom units, one two-bedroom unit, and three commercial spaces. The property has remaining rental upside through tactful interior improvements. Common area amenities include 10 on-site parking spaces and an on-site laundry facility. A standout commercial tenant is Super Domestic Coffee, a community-focused café known for its cycling theme and high-quality, house-roasted coffee—popular among locals and visitors alike.

Located on the Westside, Culver City is one of the most sought-out rental markets in Los Angeles. Given the prime location, mixed-use component, & remaining value add potential, 10054 Culver Boulevard is a great opportunity to provide investors with stable returns and long-term appreciation potential.

PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

Investment highlights

Trophy Culver City Location
Located catty-corner from Sony Pictures Studios and surrounded by world-class shopping, vibrant restaurants, museums, theaters, grocery stores & employment opportunities throughout Culver City & surrounding sub-markets

Immediate Opportunity to Acquire Scale
This represents a unique opportunity for investors seeking a strategic entry or expansion in Culver City, a market where the average transaction size is 11 units over the last five years

Long Term Ownership
Owned & operated for the last 17 years

Stable Commercial Tenancy
All commercial tenants have a long and stable operating history

A Rare Offering
Only 16.9% of multi-family buildings are 18 units or more in the 90232 zip code

Interior Improvements
All residential units have been upgraded with new flooring, granite countertops, stainless steel kitchen appliances, tiled bathrooms, new cabinets and more

Listing Contacts

SR
CA 01406343
Marcus & Millichap - Los Angeles
Listed by Marcus & Millichap - Los Angeles

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$345,458.00
$28,788.17/mo

Valuation Metrics

0
DSCR
6.09%
Cap Rate
6.09%
ROI

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