Culver City Retail Strip
For Sale
$1,499,999
5405 - 5409 Sepulveda Blvd., Culver City, CA 90230
Multi-tenant retail strip center in high-traffic Culver City location.
Property Size4,200 SF
Price / SF$357.14
Days on Market264
Property Features for 5405 - 5409 Sepulveda Blvd.
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Retail
Building Details
Building Size
4,200 SF
Year Built
1953
Listing Agency:
Lee & Associates
(760) 684-4203
Listed By:
Donald P. Brown · License #CalDRE #01223230
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 14
Last Checked: Aug 16 at 4:20AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This multi-tenant retail strip center offers approximately 4,200 square feet of space in a high-traffic location on Sepulveda Boulevard in Culver City. Constructed in 1953, the property features 232 feet of frontage on Sepulveda Boulevard and includes 20 parking spaces. The building is divided into three units, each approximately 1,400 square feet, providing flexible leasing options for various retail or service businesses. The property is located at the corner of Sepulveda and Sawtelle Boulevard in Culver City and is zoned CCC3YY. The current occupancy rate is 66%. The property is offered as-is, where-is, with known environmental conditions. Buyers are responsible for conducting their own due diligence and independent investigations of all aspects of the property.
Key Highlights
- High‑visibility location on Sepulveda Blvd in Culver City with high traffic.
- Multi‑tenant retail strip center with three units, offering flexible leasing options.
- Approximately 4,200 SF building size.
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
$92,923
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
6.19%
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%
$1,858,460
$1.9M
Cap Rate 7%
$1,327,471
$1.3M
Cap Rate 9%
$1,032,478
$1.0M
Market Conditions
NOI Build-Up for 4,200 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
$142.1K $33.84/SF
− Vacancy
−$9.4K −$2.23/SF
EGI
$132.7K $31.61/SF
− OpEx
−$39.8K −$9.48/SF
NOI
$92.9K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /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%
$1,858,460
Cap Rate 7%
$1,327,471
Cap Rate 9%
$1,032,478
Alternative Uses
Best Use
Retail
$1.33M
$1.16M – $1.55M
NOI $92,923 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,406 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,655
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Multi-tenant retail strip center in high-traffic Culver City location.
Where is this strip mall located?
The property is located at 5405 - 5409 Sepulveda Blvd. Culver City, CA.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: High‑visibility location on Sepulveda Blvd in Culver City with high traffic.; Multi‑tenant retail strip center with three units, offering flexible leasing options.; Approximately 4,200 SF building size.
