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Listed by Edward Kaminsky • eXp Realty of California, Inc
$ 3,795,000
Est. payment | /mo
9,884 SqFt
$ 3,795,000
Est. payment | /mo
9,884 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 9,884 sqft
Price per Sqft $383
MLS Listing ID SB-25186586
Year Built 1953
Lot Size 9,152 Sqft
Property Sub-Type Apartment
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, 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.
Don't wait — well-positioned assets like this don't trade often.
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, 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.
Don't wait — well-positioned assets like this don't trade often.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCR4YY
Interior
Heating Wall Furnace
Laundry Community
Exterior
Parking Features None
Garage Spaces 3.0
Pool None
Community Features Sidewalks, Street Lights
Building
Lot Description Corner Lot, 0-1 Unit/Acre
Sewer Public Sewer
Others
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114