Quadplex with Vacant Owner
10958 Venice Blvd Culver City, CA 90232
10958 Venice Blvd, Culver City, CA, 90232
$1,595,000
For Sale
$1,595,000
Four-unit property built in 1954, including a vacant 2BR+1BA owners unit and remodeled apartments.
Property Size2,871 SF
Lot Size0.11 Acres
Price / SF$555.56
Days on Market63
Property Features for 10958 Venice Blvd
General Information
- Standard status
- Active
- Size
- 2,871 SF
- Lot size
- 0.11 Acres
- Property subtype
- MULTI_FAMILY
Building Details
- Year Built
- 1954
Listing agency
Miller & Desatnik Realty Co.
(310) 939-9300
Listed by
David Miller · License #02105346
Source
Rochellemaize
Added: May 21 Updated: Jul 22 at 8:10AM Checked: Jul 22 at 8:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miller & Desatnik Realty Co.
Investment Insights
Based on property information with market context.
10958 Venice Blvd is a 4-unit quadplex built in 1954. The property includes a 2-bedroom, 1-bath owners unit that is currently vacant, along with additional income units. Unit upgrades noted in the offering include remodeling across three of the four units and multiple building improvement items such as electrical and sewer improvements, exterior repainting, kitchen remodels, water heater replacements, and other building system work.
A major on-site feature is the existing rear garage and carport area, which offers potential for future ADU development (buyer to verify with the City of Los Angeles). The property is also described as having low-maintenance artificial turf landscaping.
The seller states approximately $145,030 in capital improvements have been completed. The offering also references current in-place operating performance of a 4.77% cap rate and 13.69 GRM. The property is positioned near the intersection of Venice Blvd and Sepulveda Blvd, with convenient access to Downtown Culver City, major Westside employment centers, shopping, dining, public transportation, and major freeway routes.
A major on-site feature is the existing rear garage and carport area, which offers potential for future ADU development (buyer to verify with the City of Los Angeles). The property is also described as having low-maintenance artificial turf landscaping.
The seller states approximately $145,030 in capital improvements have been completed. The offering also references current in-place operating performance of a 4.77% cap rate and 13.69 GRM. The property is positioned near the intersection of Venice Blvd and Sepulveda Blvd, with convenient access to Downtown Culver City, major Westside employment centers, shopping, dining, public transportation, and major freeway routes.
Key Highlights
- 4‑unit multifamily built in 1954 with 2,871 SF on a 4,975 SF lot
- 10964 is a 2BR + 1BA owners unit delivered vacant, allowing immediate owner occupancy or rental upside
- Unit 10960 participates in the Culver City Rental Assistance Program for stable supplemental rental income
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.5k | $27.00 |
| − Vacancy | −$5.9k | −$2.05 |
| EGI | $71.6k | $24.95 |
| − OpEx | −$21.5k | −$7.48 |
| NOI | $50.1k | $17.46 |
2,871 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$716.3K
$626.7K – $835.6K
NOI $50,138 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$660.0K
$577.5K – $770.0K
NOI $46,197 @ 7.0% cap · market cap 2.90%
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,599 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit property built in 1954, including a vacant 2BR+1BA owners unit and remodeled apartments.
Where is this quadplex located?
The property is located at 10958 Venice Blvd Culver City, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 4‑unit multifamily built in 1954 with 2,871 SF on a 4,975 SF lot; 10964 is a 2BR + 1BA owners unit delivered vacant, allowing immediate owner occupancy or rental upside; Unit 10960 participates in the Culver City Rental Assistance Program for stable supplemental rental income
