Professional Office
New
For Sale
Contact for pricing
6065 Bristol Parkway, Culver City, CA 90230
Established business-center setting near retail, dining, hotels, everyday services, and regional freeway connections.
Property Size8,672 SF
Lot Size0.19 Acres
Price / SF$375.09
Days on Market6
Property Features for 6065 Bristol Parkway
General Information
Standard status
Active
Size
8,672 SF
Class
B
Total Parking Spaces
30
Lot size
0.19 Acres
Property subtype
Office
Zoning
C3, Culver City
Investment Type
Sale/Leaseback
Additional Details
Highway Access
Yes
Building Details
Year Built
1980
Year Renovated
1997
Buildings
1
Building Size
8,672 SF
Listing Agency:
Lee & Associates - Los Angeles - West
Listed By:
Alex Rivera · License #CA 010328712
Source:
Crexi
Added: Aug 27
Changed: Aug 31
Last Checked: Sep 1 at 1:11AM
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 - Los Angeles - West
Investment Insights
Based on property information with market context.
This office property includes an ±8,672-square-foot building on an ±8,102-square-foot parcel within the Park Place Business Center. Built in 1980, the two-level asset offers a practical setting for professional and creative office operations, with first-floor space that may be subject to a potential 2–4 year leaseback at mutually agreed market terms. The sale is not dependent on reaching a leaseback agreement.
The property is located in the Culver Pointe area of Culver City, near Westfield Culver City, HHLA, restaurants, hotels, retail, and daily services. Access to the 90 and 405 Freeways supports travel across Culver City and the broader Westside. Zoning is identified as C3, Culver City.
The property is located in the Culver Pointe area of Culver City, near Westfield Culver City, HHLA, restaurants, hotels, retail, and daily services. Access to the 90 and 405 Freeways supports travel across Culver City and the broader Westside. Zoning is identified as C3, Culver City.
Key Highlights
- ±8,672‑square‑foot office building on an ±8,102‑square‑foot parcel
- Located within the Park Place Business Center in Culver City
- C3, Culver City zoning
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
$189,563
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
5.83%
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%
$3,791,260
$3.8M
Cap Rate 7%
$2,708,043
$2.7M
Cap Rate 9%
$2,106,256
$2.1M
Market Conditions
NOI Build-Up for 8,672 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
$333.0K $38.40/SF
− Vacancy
−$80.3K −$9.25/SF
EGI
$252.8K $29.15/SF
− OpEx
−$63.2K −$7.29/SF
NOI
$189.6K $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%
$3,791,260
Cap Rate 7%
$2,708,043
Cap Rate 9%
$2,106,256
Alternative Uses
Best Use
Office B
$2.71M
$2.37M – $3.16M
NOI $189,563 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.64M
$4.06M – $5.42M
NOI $325,007 @ 7.0% cap · market cap 9.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,045
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?
Office building - Established business-center setting near retail, dining, hotels, everyday services, and regional freeway connections.
Where is this office building located?
The property is located at 6065 Bristol Parkway Culver City, CA.
What is the asking price?
The asking price for this property is $3,252,750.
What are key features of this property?
This property features: ±8,672‑square‑foot office building on an ±8,102‑square‑foot parcel; Located within the Park Place Business Center in Culver City; C3, Culver City zoning
