Renovated Flex Space With
New
For Sale
$6,495,000
11520 Jefferson Boulevard, Culver City, CA 90230
Fully occupied commercial property combining showroom, warehouse, retail, and office functions with updated building systems.
Property Size13,158 SF
Lot Size0.20 Acres
Price / SF$493.62
Days on Market5
Property Features for 11520 Jefferson Boulevard
General Information
Standard status
Active
Size
13,158 SF
Lot size
0.20 Acres
Occupancy
100%
Financials
Asking Price
$6,495,000
Gross Income
$495,816
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
6,675 SF
Drive-In Doors
1
Amenities
24/7 access security system
high speed fiber internet
conference room
Building Details
Year Renovated
2024
Buildings
1
Stories
2
Building Size
13,158 SF
Tenancy
Multi
Listing Agency:
CBRE, Inc.
(310) 363-4900
Listed By:
Brice Head
(310) 363-4900
Source:
Exprealty
Added: Aug 13
Changed: Aug 17
Last Checked: Aug 17 at 5:03PM
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 CBRE, Inc.
Investment Insights
Based on property information with market context.
Renovated in 2024, this 13,158-square-foot flex property combines storefront retail, showroom, office, and industrial/warehouse areas on an 8,712-square-foot lot. The first floor provides 6,675 square feet of open space, three private offices, a kitchen, restrooms, HVAC, and a garage roll-up door opening to gated parking. A lobby and second-floor office area add 20 offices, additional kitchen and restroom facilities, and access to a conference room.
The property is 100% occupied and includes 24/7 access control, with high-speed fiber internet available. Its location provides access to the 405 and 90 Freeways, LAX, Playa Vista, Silicon Beach, and Santa Monica. The building is positioned along Jefferson Boulevard in Culver City.
The property is 100% occupied and includes 24/7 access control, with high-speed fiber internet available. Its location provides access to the 405 and 90 Freeways, LAX, Playa Vista, Silicon Beach, and Santa Monica. The building is positioned along Jefferson Boulevard in Culver City.
Key Highlights
- 13, 158 sq. ft. of storefront retail, office, and showroom space
- 8, 712 sq. ft. lot with gated parking
- Extensively renovated in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$291,115
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,822,300
$5.8M
Cap Rate 7%
$4,158,786
$4.2M
Cap Rate 9%
$3,234,611
$3.2M
Market Conditions
NOI Build-Up for 13,158 SF
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.
Gross rent
$445.3K $33.84/SF
− Vacancy
−$29.4K −$2.23/SF
EGI
$415.9K $31.61/SF
− OpEx
−$124.8K −$9.48/SF
NOI
$291.1K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,822,300
Cap Rate 7%
$4,158,786
Cap Rate 9%
$3,234,611
Alternative Uses
Best Use
Retail
$4.16M
$3.64M – $4.85M
NOI $291,115 @ 7.0% cap · market cap 4.48%
Second Best
Office B
$4.11M
$3.60M – $4.79M
NOI $287,623 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$7.04M
$6.16M – $8.22M
NOI $493,132 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,655
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90230, CA
32,743
Population
14,198
Households
2.3
Avg Household Size
41
Median Age
58%
College-Educated
91%
High-School Grad
4.5 sq mi
ZIP Area
7,276
Density / Sq Mi
$106,827
Median Household Income
$76,041
Median Earnings
$2,423
Median Rent
$1,025,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Fully occupied commercial property combining showroom, warehouse, retail, and office functions with updated building systems.
Where is this flex space located?
The property is located at 11520 Jefferson Boulevard Culver City, CA.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: 13, 158 sq. ft. of storefront retail, office, and showroom space; 8, 712 sq. ft. lot with gated parking; Extensively renovated in 2024
