Two-Story Creative Office
For Sale
$3,350,000
12035 Jefferson Boulevard, Culver City, CA 90230
Creative office building with a ground-level suite available and 12 exclusive parking spaces.
Property Size4,914 SF
Price / SF$681.73
Days on Market77
Property Features for 12035 Jefferson Boulevard
General Information
Standard status
Active
Size
4,914 SF
Class
B
Total Parking Spaces
12
Property subtype
Office
Occupancy
50%
Additional Details
Highway Access
Yes
Building Details
Building Size
4,914 SF
Year Built
1970
Stories
2
Listing Agency:
(310) 683-8767
Listed By:
David Shaby · License #CalDRE #02081248
(310) 683-8767
Source:
Www2.naicapital
Added: Jun 17
Changed: Aug 15
Last Checked: Aug 24 at 4:18AM
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 David Shaby
Investment Insights
Based on property information with market context.
This two-story creative office building is offered for sale with 50% leased occupancy and a ground-level suite available for immediate occupancy. The property includes 12 exclusive parking spaces and offers the opportunity for highly visible signage.
The building provides immediate access to the 405 and 90 freeways and sits within a technology- and media-focused tenant environment. Local neighbors listed include Google, Meta, Apple, YouTube, IMAX, Samsung, Verizon, NIKE, Activision, Microsoft, SONY, IPG, Carvana, and others.
Additional signage availability is noted together with 12041-43 W Jefferson Blvd.
The building provides immediate access to the 405 and 90 freeways and sits within a technology- and media-focused tenant environment. Local neighbors listed include Google, Meta, Apple, YouTube, IMAX, Samsung, Verizon, NIKE, Activision, Microsoft, SONY, IPG, Carvana, and others.
Additional signage availability is noted together with 12041-43 W Jefferson Blvd.
Key Highlights
- 4,914 SF two‑story creative office building, built in 1970
- 50% leased, with a ground level suite available for occupancy
- Immediate access to the 405 and 90 freeways
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
$107,416
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
3.21%
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%
$2,148,320
$2.1M
Cap Rate 7%
$1,534,514
$1.5M
Cap Rate 9%
$1,193,511
$1.2M
Market Conditions
NOI Build-Up for 4,914 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
$188.7K $38.40/SF
− Vacancy
−$45.5K −$9.25/SF
EGI
$143.2K $29.15/SF
− OpEx
−$35.8K −$7.29/SF
NOI
$107.4K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$2,148,320
Cap Rate 7%
$1,534,514
Cap Rate 9%
$1,193,511
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,416 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.07M
NOI $184,166 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
50%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,708
Businesses Nearby
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?
Creative space - Creative office building with a ground-level suite available and 12 exclusive parking spaces.
Where is this creative space located?
The property is located at 12035 Jefferson Boulevard Culver City, CA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 4,914 SF two‑story creative office building, built in 1970; 50% leased, with a ground level suite available for occupancy; Immediate access to the 405 and 90 freeways
