Updated Condo in Prime
For Sale
$614,998
5600 Kensington Way #209 Culver, Culver City, CA 90230
Updated condo near Culver City's business park and studios.
Property Size1,074 SF
Lot Size2.96 Acres
Days on Market384
Property Features for 5600 Kensington Way #209 Culver
General Information
Standard status
Active
Size
1,074 SF
Lot size
2.96 Acres
Property subtype
Condominium
Amenities
Security System
Electric
Dishwasher
Electric Oven
Electric Range
Disposal
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected, Sewer Not Available
Building Details
Building Size
1,074 SF
Year Built
1969
Stories
4
Listing Agency:
Coldwell Banker Realty
Listed By:
LaRae Mardesic Bechmann
Source:
Kw
Added: Jul 27, 2025
Changed: Aug 8
Last Checked: Jul 16 at 7:14AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This updated condo is located in the Fox Hills neighborhood of Culver City, offering access to Culver City's business park and studios. Situated in the Camelot community, residents can enjoy amenities such as a large swimming pool and jacuzzi, a clubroom with a kitchen, a fitness center, a sauna, and billiards. The property is located across the street from Fox Hills Park and near Fox Hills Mall, shopping, dining, freeway access, and other city amenities. The condo features approximately 1100 square feet of living space, carpeted floors, and sliding glass doors that open to a private patio with a tree-lined view. The living room and main bedroom have been newly painted, and the carpets are clean. The condo includes two renovated bathrooms, one with a bath and another with a step-in shower. The kitchen has been updated with new paint and a new stainless dishwasher. The property is a short drive from downtown Culver City, Culver Boulevard, and Washington Boulevard, near Sony Pictures, Culver Studios, Trader Joe's, restaurants, outdoor dining, sports bars, the Kirk Douglas Theater, banks, and free metro parking. Fox Hills Park, located across the street, features a children's playground, tennis and paddle tennis courts, basketball and volleyball courts, a soccer field, and a baseball diamond.
Key Highlights
- Prime location with excellent access to Culver City's business park, studios, Fox Hills Park, Fox Hills Mall, shopping, dining, and freeway access.
- Enjoy resort‑style amenities: a large swimming pool and jacuzzi, clubroom with kitchen, fitness center, sauna, and billiards within the Camelot community.
- Brand new kitchen updates and renovated bathrooms with one bath and another step‑in shower.
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
$17,282
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
2.81%
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%
$345,640
$345.6K
Cap Rate 7%
$246,886
$246.9K
Cap Rate 9%
$192,022
$192.0K
Market Conditions
NOI Build-Up for 1,074 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
$34.2K $31.80/SF
− Vacancy
−$2.7K −$2.54/SF
EGI
$31.4K $29.26/SF
− OpEx
−$14.1K −$13.17/SF
NOI
$17.3K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$345,640
Cap Rate 7%
$246,886
Cap Rate 9%
$192,022
Alternative Uses
Best Use
Apartment 5plus
$246.9K
$216.0K – $288.0K
NOI $17,282 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$575.0K
$503.1K – $670.9K
NOI $40,251 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,457
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 Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated condo near Culver City's business park and studios.
Where is this apartment building located?
The property is located at 5600 Kensington Way #209 Culver Culver City, CA.
What is the asking price?
The asking price for this property is $614,998.
What are key features of this property?
This property features: Prime location with excellent access to Culver City's business park, studios, Fox Hills Park, Fox Hills Mall, shopping, dining, and freeway access.; Enjoy resort‑style amenities: a large swimming pool and jacuzzi, clubroom with kitchen, fitness center, sauna, and billiards within the Camelot community.; Brand new kitchen updates and renovated bathrooms with one bath and another step‑in shower.
