11291 Washington BlvdCulver City, CA 90230
- Office properties
- 5,100 SF
Property Details for 11291 Washington Blvd
- Year built
- 1976
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.11 AC
- Property size (Sq ft)
- 5,100 SF
- Zone code
- CCC3YY
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 4233-032-025
- APU
- 4233032025
Description
This exceptional 5,100-square-foot medical office building in Culver City, California, is offered at $3,495,000 ($685/SF). The two-story, freestanding building, constructed in 1976, sits on a 4,998-square-foot lot and boasts 12 parking spaces. Located at 11291-11295 Washington Boulevard, near the intersection of Sawtelle Boulevard, this property enjoys excellent visibility and signage opportunities. Its convenient location provides easy access to the San Diego (405) and Santa Monica (I-10) freeways, placing it within close proximity to Downtown Culver City and Sony Studios (less than 2 miles). The surrounding area offers a wealth of amenities, including restaurants, coffee shops, retailers, and public transportation. The property is zoned CCC3YY and will be delivered vacant upon closing. The strong demographic profile, with an average annual household income exceeding $102,095 within a 3-mile radius, underscores the significant intrinsic value of this investment opportunity. This owner/user investment presents a compelling chance to establish or expand a medical practice in a thriving Culver City location. The APN is 4265-006-004.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,178,252
- 6.5%
- $1,087,617
- 7%
- $1,009,930
-
Comparable approach
- Method
- Valuation
- Relative Method
- $969,816
- Geo Method
- $969,816
-
Alternative Use
- Use
- Valuation
- Residential
- $1,348,645
- Hospitality
- $1,235,352
- Educational
- $1,027,798
- Medical
- $1,063,146
- Retail
- $1,598,797
Location Insight
- City
- Culver City
- County
- Los Angeles
- State
- California
- Latitude
- 34.0049
- Longitude
- -118.415
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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