Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    13114 Washington Boulevard Culver City, CA 90066

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $750,000

    Vacant lot suitable for development or parking in Venice.

    Added:
    Jan 17, 2024
    Days on Market:
    820
    Last Refresh:
    Mar 13 at 1:56 pm

    Property Features for 13114 Washington Boulevard

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Grant Thiem

    Listing agent Grant Thiem License #01984787

    Listing office OPRE, Inc

    Listing date Jan 17, 2024

    Source Compass

    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 OPRE, Inc

    Overview

    Vacant Lot on Washington St

    A vacant lot on Washington Street in Venice is available for sale. The property is suitable for development or parking for nearby commercial properties. The location benefits from high traffic volume and visibility, making it suitable for retail or office use. The lot can be purchased together with an adjacent lot as a portfolio sale.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

    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
    -118.433
    Latitude
    34.0034

    Nearby Similar for Sale

    • $4,750,000
      8,492 SF

      Culver City Multifamily Investment Opportunity

      22-unit multifamily property in central Culver City location.
      11178 Culver Blvd, Culver City, CA 90230
      View Details
    • $1,775,000
      1,497 SF

      Culver City Duplex Opportunity

      Duplex with vacant unit in Downtown Culver City.
      4261 Baldwin Ave, Culver City, CA 90232
      View Details
    • $1,725,000
      2,299 SF

      Culver City Duplex Opportunity

      Remodeled duplex in prime location, ideal for various living arrangements.
      4108 Harter, Culver City, CA 90232
      View Details
    • $7,000,000
      4,584 SF

      Culver City Freestanding Restaurant Building

      Prime Culver City location with long-term NNN lease.
      9501 Culver Boulevard, Culver City, CA 90232
      View Details
    • $1,499,999
      4,200 SF

      Culver City Retail Strip Center

      Multi-tenant retail strip center in high-traffic Culver City location.
      5405 - 5409 Sepulveda Blvd., Culver City, CA 90230
      View Details
    • $13,995,000
      25,550 SF

      Creative Space in Hayden Tract

      Located in the heart of Culver City's Hayden Tract.
      8621 Hayden Place, Culver City, CA, 90232
      View Details
    • $1,700,000
      3,391 SF

      Culver City 5-Unit Property

      Versatile 5-unit property in Culver City, ideal for owner-users.
      10920 Aletta Avenue, Culver City, CA 90232
      View Details
    • $2,495,000
      3,169 SF

      Mixed-Use Building in Prime Location

      Two-story mixed-use building with retail and office spaces for sale.
      4309 Overland Avenue, Culver City, CA, 90230
      View Details
    • Contact for pricing
      15,000 SF

      Unique Mixed-Use Lofts and Retail

      Mixed-use property with live/work lofts and commercial space.
      8635 Washington Boulevard, Culver City, CA, 90232
      View Details
    • $3,450,000
      9,340 SF

      Culver City Multifamily Investment Opportunity

      Mid-century complex near Downtown Culver City with development potential.
      3827 Tilden Ave, Culver City, CA, 90232
      View Details
    • $4,000,000
      3,985 SF

      Culver City Arts District Commercial Corner

      Commercial building in Culver City Arts District, ideal for various uses.
      8534 Washington Blvd, Culver City, CA 90232
      View Details
    • Contact for pricing
      36,777 SF

      Culver City Retail Leasehold Opportunity

      Former Toys R Us leasehold for sale in Culver City.
      11136 Jefferson Blvd, Culver City, CA 90230
      View Details

    FAQs

    What type of property is this?
    Commercial land - Vacant lot suitable for development or parking in Venice.
    Where is this commercial land located?
    The property is located at 13114 Washington Boulevard Culver City, CA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Highly valuable vacant lot in Venice.; High traffic counts and high visibility.; Perfect for development.
    (619) 813-1131
    We can help!
    Listing Contact
    Grant Thiem
    Real Estate License ID: 01984787
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!