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    Culver City Investment Opportunity Title is generated by Realmo AI

    12211 W Washington Blvd, Los Angeles, CA 90066

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    Exceptional investment opportunity in Culver City with in-place cash flow.

    Type:Office
    Property size:
    24,938 SF
    Added:
    Nov 19, 2025
    Days on Market:
    178
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 12211 W Washington Blvd

    General Information

    Standard status
    Active
    Size
    24,938 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Reid Gratsch
    Reid Gratsch

    Listing agent Reid Gratsch License #02101218

    Listing office Cushman & Wakefield - West Los Angeles, California

    Listing date Nov 19, 2025

    Source Crexi

    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 Cushman & Wakefield - West Los Angeles, California

    HighLights

    • Rare scale with ~25,000 square feet and 75 secured parking spaces (3:1 ratio).
    • Culver City location provides tax advantages.
    • Significant owner‑user upside with over 15,000 SF (~62%) available and SBA financing opportunities.
    • Proven marketability with 76% occupancy and leases executed post‑pandemic.
    • In‑place cash flow combined with ground‑floor vacancy allows for a value‑add business plan.
    • Exceptional demographics and location surrounded by desirable West Los Angeles neighborhoods.

    Overview

    Located on Washington Boulevard in Culver City, this property offers an investment opportunity. The building spans approximately 25,000 square feet on a corner site. It features 75 secured surface parking spaces, providing a parking ratio exceeding 3:1. The building is configured into five individual suites, ranging from approximately 2,500 to nearly 10,000 square feet. The property's ground-floor frontage, corner location, and parking provide visibility and optionality for creative office or quasi-retail uses. Four of the five suites (76%) are currently leased. Over 15,000 square feet of the building (approximately 62%) is currently available. The Culver City address provides financial advantages, including exemption from Los Angeles’ Measure ULA transfer tax and lower gross receipts and business tax rates compared to the City of Los Angeles. The location is near Culver City, Mar Vista, and Venice, with a high population density and affluent demographics. The building is proximate to dining, fitness, and lifestyle amenities. The property provides flexibility for both income-focused investors and owner-users seeking expansion or relocation.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    All star Home ... Construction Company Big Picture Entertainment Nightclub 360 Agency Advertising Agency thinkThin Corporate Office Gunpowder & Sky Corporate Office

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.4258088
    Latitude
    33.9975508

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    FAQs

    What type of property is this?
    Office building - Exceptional investment opportunity in Culver City with in-place cash flow.
    Where is this office building located?
    The property is located at 12211 W Washington Blvd Los Angeles, CA.
    What are key features of this property?
    This property features: Rare scale with ~25,000 square feet and 75 secured parking spaces (3:1 ratio).; Culver City location provides tax advantages.; Significant owner‑user upside with over 15,000 SF (~62%) available and SBA financing opportunities.
    (213) 955-5100 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Reid Gratsch
    Reid Gratsch
    Real Estate License ID: 02101218
    Learn More
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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
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