Remodeled Mixed-Use Property Near
For Sale
Contact for pricing
323-325 Culver Blvd, Playa del Rey, CA 90293
Six-unit property with retail, office, and residential spaces.
Property Size4,451 SF
Price / SF$797.57
Days on Market157
Property Features for 323-325 Culver Blvd
General Information
Standard status
Active
Size
4,451 SF
Property subtype
Mixed Use
Zoning
LAC4
Investment Type
Sale/Leaseback
Building Details
Year Built
2020
Buildings
2
Units
6
Tenancy
Multi
Listing Agency:
Palm Realty Boutique
Listed By:
Brett Zebrowski · License #01313739
(310) 678-7158
Source:
Crexi
Added: May 10
Changed: Oct 13
Last Checked: Oct 12 at 6:49PM
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 Palm Realty Boutique
Investment Insights
Based on property information with market context.
This remodeled six-unit property features two buildings and overlooks the Ballona Wetlands. Suited for an investor, owner/user, or live/work arrangement, the property has been repositioned with a modern black luxury exterior and updated curb appeal, establishing a strong commercial presence on Culver Blvd. The property contains 4,451 square feet. Located in the coastal community of Playa Del Rey, the asset is close to restaurants, cafes, shops and the beach, with immediate access to Silicon Beach and the Westside tech corridor. The mixed-use property includes two retail storefronts, two offices, and two residential units. LAC4 zoning provides flexible use and development potential.
Key Highlights
- Remodeled 6‑unit property with modern black luxury exterior.
- Overlooks the Ballona Wetlands with close proximity to Playa Del Rey beach, restaurants, cafes, and shops.
- Mixed‑use property: 2 Retail Storefronts, 2 Offices, and 2 Residential Units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,295
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,065,900
$2.1M
Cap Rate 7%
$1,475,643
$1.5M
Cap Rate 9%
$1,147,722
$1.1M
Market Conditions
NOI Build-Up for 4,451 SF
Gross rent
$164.5K $36.96/SF
− Vacancy
−$16.9K −$3.81/SF
EGI
$147.6K $33.15/SF
− OpEx
−$44.3K −$9.95/SF
NOI
$103.3K $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 Rate 5%
$2,065,900
Cap Rate 7%
$1,475,643
Cap Rate 9%
$1,147,722
Alternative Uses
Best Use
Retail
$1.48M
$1.29M – $1.72M
NOI $103,295 @ 7.0% cap · market cap 2.91%
Second Best
Mixed Use
$1.29M
$1.13M – $1.50M
NOI $90,133 @ 7.0% cap · market cap 2.54%
Theoretical Best
Multifamily LT 5
$90.17M
$78.90M – $105.20M
NOI $6,312,221 @ 7.0% cap · market cap 177.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
Explore this area
Business Placement
Demographics for 90293, CA
12,633
Population
7,050
Households
1.8
Avg Household Size
41
Median Age
72%
College-Educated
99%
High-School Grad
2.7 sq mi
ZIP Area
4,679
Density / Sq Mi
$130,699
Median Household Income
$83,438
Median Earnings
$2,734
Median Rent
$971,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Six-unit property with retail, office, and residential spaces.
Where is this mixed-use property located?
The property is located at 323-325 Culver Blvd Playa del Rey, CA.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: Remodeled 6‑unit property with modern black luxury exterior.; Overlooks the Ballona Wetlands with close proximity to Playa Del Rey beach, restaurants, cafes, and shops.; Mixed‑use property: 2 Retail Storefronts, 2 Offices, and 2 Residential Units.
