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$1,075,000
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Property Description
•TRUE VALUE-ADD OPPORTUNITY WITH APPROXIMATLEY 75% UPSIDE IN RENTS
•CENTRAL WEST LOS ANGELES LOCATION ON VENICE BLVD IN DESIREABLE CULVER CITY
•IMMEDIATELY ADJACENT TO 405 FREEWAY AND CLOSE TO METRO EXPO LINE, PROVIDING EASY-ACCESS FOR COMMUTING TENANTS
•PLENTY OF STREET PARKING, ALONG WITH TWO, 2-CAR GARAGES
•COMMON-AREA LAUNDRY ROOM
•1954 CONSTRUCTION
•HISTORICALLY LOW FINANCING AVAILABE FOR MULTI-FAMILY PROPERTIES
We are pleased to present a 4-unit apartment building located at 11262 Venice Boulevard in Culver City, California. Built in 1954, the subject property consists of 3,060 rentable square feet, spread throughout a 5,000 square foot lot. The unit-mix consists of two 2-bedroom/ 1-bath units and two 1-bedroom/ 1-bath units. Owners can enjoy the high demand for rentals in West Los Angeles with desirable rental demographics that include educated and affluent young professionals. Tenants enjoy living in close proximity to many employment opportunities, entertainment venues, shopping, and restaurants.
Culver City continues to progress forward and is currently experiencing major redevelopments including the Ivy Station project, which includes 500,000 square feet of offices, apartments, a hotel, stores and restaurants. Apple's 550,000 square-foot mixed-use campus, along with companies like Amazon Studios, Warner Media and Tik Tok can also be found in this area.
This is an excellent opportunity to acquire a quality asset with true rental upside, bringing a steady return to the Buyer after conducting renovations.
Full Property Details
Full Property Details for 11262 Venice Blvd.
General
- Sold For: $1,075,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW22231075
- Added to Site: 1, 199 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Parking
- Garage Spaces: 4
Location
- Area: C28 - Culver City
- County: Los Angeles
- Development Name: C28 - Culver City
- Driving Directions: Go south on Globe Ave, pass Venice Blvd and the building will be on your right
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 1
Structural Information
- Square Feet: 3,060
- Year Built: 1954
Unit Information
Unit 1
- Number of Units: 2
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 2
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1148
- Lot Size Source: Assessor
- Zoning: CCR4YY
- Lot Description: 2-5 Units/Acre
Financial Considerations
- Price Per Sq. Ft.: $351.31
- Price Per Unit: 325000
Listed by Marcus & Millichap, Kevin King and Marcus & Millichap, Ryan Gonzalez
Sold by None MRML, NONE NONE
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Schools
Schools serving 11262 Venice Blvd.
School District:Culver City Unified School District
| Name | Grades | Distance |
|---|---|---|
La Ballona Elementary School 10915 Washington Boulevard, Culver City, CA 90232 | K-5 | 0.5 mi |
Culver City Middle School 4601 Elenda Street, Culver City, CA 90230 | 6-8 | 1.2 mi |
Culver City High School 4401 Elenda Street, Culver City, CA 90230 | 9-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 11262 Venice Blvd.
Date
Details
Price
Change
Source
4/20/2023
Sold
$1,075,000
-17.31%
MLS
1/11/2023
Price Reduced
$1,300,000
-7.14%
MLS
10/27/2022
Listed
$1,400,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
11262 Venice Boulevard, Culver City, CA 90230 (MLS# PW22231075) is a Multi-Family property that was sold at $1,075,000 on April 20, 2023. Want to learn more about 11262 Venice Boulevard? Do you have questions about finding other Multi-Family real estate for sale in Culver City? You can browse all Culver City real estate or contact a Coldwell Banker agent to request more information.

