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    11178 Culver Blvd Culver City, CA 90230

    View on Map
    Sponsored
    For Sale
    $4,750,000

    MULTI_FAMILY - Culver City, CA

    Property size:
    8,492 SF
    Lot size:
    0.25 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 25 at 2:06 am

    Property Features for 11178 Culver Blvd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    CCC3*
    Rooms
    Bathroom 6, Bathroom 2, Bathroom 7, Bathroom 4, Bathroom 12, Bathroom 20, Bathroom 22, Bathroom 16, Bathroom 8, Bathroom 9, Bathroom 14, Bathroom 17, Bathroom 10, Bathroom 15, Bathroom 18, Bathroom 5, Bathroom 3, Bathroom 11, Bathroom 21, Bathroom 1, Bathroom 13, Bathroom 19, Bedroom 1
    Bedrooms
    1
    Bathrooms
    22
    APN
    4215-014-022
    Parking
    9
    Parking features
    Covered
    Size
    8,492 SF
    Lot size
    0.25 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1956
    Floors in Building
    2
    Number of units
    22

    We can help!

    Listing Contact
    Kenny Stevens

    Compass

    Listing agent Kenny Stevens License #01090251

    Listing date Mar 24, 2026

    MLS# 26669199

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Culver City Multifamily Investment Opportunity

    This 22-unit courtyard-style multifamily property is located in a central Culver City location, just off the intersection of Sepulveda Blvd. and Culver Blvd. Residents have access to cafes, quick-service dining, neighborhood restaurants, fitness studios, and service-oriented retail. Downtown Culver City is approximately 1.7 miles away, while Marina del Rey is approximately 2.6 miles to the west. Culver City benefits from its concentration of media, entertainment, and technology employers, including nearby operations tied to Sony Pictures, Amazon MGM Studios, and Apple. The property, with a lot size of 0.248 acres and a building size of 8492 square feet, operates at a 6.05% CAP and 10.51 GRM on current rents. The property offers approximately 13% rental upside and is expected to stabilize at a 7.25% CAP and 9.30 GRM based on projected market rents for renovated units in the area. Additional amenities include controlled access, covered parking spaces in the rear with alley access, and a RUBS utility reimbursement program that contributes supplemental income. The building's layout, amenities, and operational setup support a manageable ownership profile. The property is located in Culver City, CA 90230, Los Angeles County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Culver City
    County
    Los Angeles
    State
    California
    Longitude
    -118.409193
    Latitude
    34.005054

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    FAQs

    What type of property is this?
    Apartment building - 22-unit multifamily property in central Culver City location.
    Where is this apartment building located?
    The property is located at 11178 Culver Blvd Culver City, CA.
    What is the asking price?
    The asking price for this property is $4,750,000.
    What are key features of this property?
    This property features: - Prime Culver City location near Sepulveda and Culver Blvd, offering convenient access to cafes, restaurants, fitness studios, and retail.; - Strong in-place financials with a **6.05% CAP rate** and **10.51 GRM** on current rents.; - Significant rental upside (approximately 13%) with potential to stabilize at a 7.25% CAP rate and 9.30 GRM based on market rents for renovated units.
    (310) 230-5478
    Request Owner's contact information
    11178 Culver Blvd Culver City, CA 90230
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11178 Culver Blvd Culver City, CA 90230
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    We can help!
    Listing Contact
    Kenny Stevens
    Real Estate License ID: 01090251
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