Culver City Commercial
For Sale
Contact for pricing
13110 W Washington Blvd, Los Angeles, CA 90066
Freestanding building with parking lot in a prime location.
Property Size5,075 SF
Lot Size0.17 Acres
Price / SF$256.16
Days on Market400
Property Features for 13110 W Washington Blvd
General Information
Standard status
Active
Size
5,075 SF
Total Parking Spaces
20
Lot size
0.17 Acres
Property subtype
Retail, Land
Zoning
CCCG (Culver City Commercial General)
Building Details
Stories
2
Listing Agency:
WESTMAC
(310) 966-4383
Listed By:
Brian Hart · License #CA 01429000
Source:
Crexi
Added: Jul 9, 2025
Changed: Aug 8
Last Checked: Jul 19 at 8:50AM
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 WESTMAC
Investment Insights
Based on property information with market context.
The property at 13110 W. Washington Boulevard is a freestanding commercial building with an adjacent parking lot in Culver City. Constructed in 2012, the two-story building is zoned CCCG (Culver City Commercial General). The properties can be purchased together or separately. The building is comprised of three parcels totaling approximately 7,612 square feet of land. Each parcel is approximately 2,537 square feet of land each (per tax record). The easternmost parcel features a 2,700 square foot office building with four tandem parking spaces in the rear. The building is currently vacant and available for immediate occupancy. It is suitable for a single-tenant owner-user or division among multiple tenants. The other two parcels, totaling approximately 5,074 square feet, currently function as a 16-space parking lot. Development standards would allow for a 2-story 6-unit building on this bustling Culver City corridor. The property is located on the south side of Washington, just a few blocks east of Lincoln Boulevard. Its location near Venice, Marina Del Rey, and Culver City draws traffic from the surrounding dense residential population, as well as visitors from Venice Beach and Santa Monica.
Key Highlights
- Freestanding commercial building in Culver City.
- Includes an adjacent 16‑space parking lot.
- Built in 2012 and zoned CCCG (Culver City Commercial General).
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
$117,776
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
9.06%
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%
$2,355,520
$2.4M
Cap Rate 7%
$1,682,514
$1.7M
Cap Rate 9%
$1,308,622
$1.3M
Market Conditions
NOI Build-Up for 5,075 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
$187.6K $36.96/SF
− Vacancy
−$19.3K −$3.81/SF
EGI
$168.3K $33.15/SF
− OpEx
−$50.5K −$9.95/SF
NOI
$117.8K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /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%
$2,355,520
Cap Rate 7%
$1,682,514
Cap Rate 9%
$1,308,622
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,461 @ 7.0% cap · market cap 9.27%
Second Best
Retail
$1.68M
$1.47M – $1.96M
NOI $117,776 @ 7.0% cap · market cap 9.06%
Theoretical Best
Multifamily LT 5
$102.82M
$89.96M – $119.95M
NOI $7,197,152 @ 7.0% cap · market cap 553.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,489
Businesses Nearby
Explore this area
Business Placement
Demographics for 90066, CA
55,304
Population
26,591
Households
2.1
Avg Household Size
38
Median Age
61%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
11,522
Density / Sq Mi
$107,786
Median Household Income
$67,298
Median Earnings
$2,211
Median Rent
$1,636,600
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?
Office building - Freestanding building with parking lot in a prime location.
Where is this office building located?
The property is located at 13110 W Washington Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Freestanding commercial building in Culver City.; Includes an adjacent 16‑space parking lot.; Built in 2012 and zoned CCCG (Culver City Commercial General).
