10022 Culver Blvd Culver City, CA 90232-2702
- Apartment buildings
- 5,852 SF
- 0.18 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 10022 Culver Blvd
- Year built
- 1953
- Construction
- WOOD
- Lot size
- 0.18 lot acres
- Property size
- 5,852 SF
- Zone code
- CCC3YY
- Property type
- Apartment buildings
- APN
- 4207-010-002
- APU
- 4207010002
Description
Exceptional investment opportunity in Culver City, California, presents a fully renovated, 10-unit apartment building boasting 6,992 square feet of net rentable space. This turnkey asset, situated at 10022 Culver Blvd, 90232, offers a compelling cap rate of 4.94% and a strong net operating income (NOI) of $269,333. The property, built in 1953 and extensively renovated in 2020, comprises a single, two-story building on a 7,636 square foot lot (APN: 4207-010-002). The asking price is $5,450,000, translating to $545,000 per unit and $779 per square foot. All units feature individual laundry and air conditioning. This prime location across from Sony Studios benefits from a Walk Score of 95 out of 100, placing it within a vibrant entertainment and cultural hub. The property includes eight standard units and two legally permitted accessory dwelling units (ADUs), all meticulously updated to luxury standards. The permitted zoning is CCC3YY. This is a rare opportunity to acquire a best-in-class, high-performing multifamily property in a highly sought-after area of Los Angeles County. The property's strong financials and prime location make it an ideal investment for discerning buyers seeking a stable and appreciating asset.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Culver City
- County
- Los Angeles
- State
- California
- Longitude
- -118.397
- Latitude
- 34.02
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
