Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10451 Washington Blvd Culver City, CA 90232
    Back to Search
    Property profile & analytics

    10451 Washington Blvd, Culver City, CA 90232

    View on Map
    • Parking lots & garages
    • 7,800 SF
    • 0.18 lot acres
    Off-Market
    Last Sale May 15, 2025
    $80,000
    Property ID
    US09-7954530
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 10451 Washington Blvd

    Lot size
    0.18 lot acres
    Zone code
    LAC2
    Property type
    Parking lots & garages
    APN
    4208-007-014
    APU
    4208007014

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 15, 2025 $80,000 Vbcc Property LLC Port Key Properties LLC Grant Deed $4.8M · Wells Fargo Bank NA
    May 15, 2025 — Vbcc Property LLC — Deed · related $2.5M · The Mortgage Capital Development Corp
    Feb 11, 2019 $7,300,000 Port Key Properties LLC Atom Building LLC Grant Deed $3.7M · California Bk&tr
    Nov 3, 2017 — Atom Building LLC — Grant Deed · related $2M · Val-chris Invs
    Sep 26, 2016 — Atom Building LLC — Deed · related $26M · Private Individual
    Feb 22, 2012 $875,000 Atom Building LLC Globecast North America INC Grant Deed —
    Sep 19, 1997 $150,727 North America Globecast Idb Worldcom INC Grant Deed —
    Mar 2, 1992 — Idb Communitcati — Trustees Deed · related —
    Feb 1, 1989 — Idb — Deed Of Trust · related —
    — — Idb Communicatio — Deed Of Trust · related $270k · First Federal Savings & Loan
    — — Atom Building LLC — Deed Of Trust · related $26M · Private Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Culver City
    County
    Los Angeles
    State
    California
    Longitude
    -118.404
    Latitude
    34.0184
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $31,889
    $2,613,813
    $10,935
    $2,624,748
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,463 SF

      3962 Higuera St

      PARKING LOT
      3962 Higuera St, Culver City, CA 90232
      View Details
    • Value Estimation by Request
      2,250 SF

      Culver City, CA 90232

      PARKING LOT
      Culver City, CA 90232
      View Details
    • Value Estimation by Request
      2,250 SF

      Culver City, CA 90232

      PARKING LOT
      Culver City, CA 90232
      View Details
    • Value Estimation
      $1,310,000
      66,413 SF

      Culver City, CA 90232

      PARKING LOT
      Culver City, CA 90232
      View Details
    • Value Estimation by Request
      3,626 SF

      Culver City, CA 90232

      PARKING LOT
      Culver City, CA 90232
      View Details
    • Value Estimation by Request
      10,000 SF

      Culver City, CA 90232

      PARKING LOT
      Culver City, CA 90232
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      30,037 SF

      Creative Complex in Culver City

      Adaptive reuse complex for creative and retail users in Culver City.
      8870 Washington Blvd, Culver City, CA 90232
      View Details
    • Contact for pricing
      7,371 SF

      Retail Investment Opportunity

      Retail property with a 5.01% CAP rate.
      10400-10410 Venice Blvd, Culver City, CA 90232
      View Details
    • Contact for pricing

      Unique Mixed-Use Lofts and Retail

      Mixed-use property with live/work lofts and commercial space.
      8635 Washington Blvd, Culver City, CA 90232
      View Details
    • Contact for pricing

      Culver City Development Opportunity

      Land for sale near Downtown Culver City with development potential.
      Culver Ctr, Culver City, CA 90232
      View Details
    • $1,775,000
      2,299 SF

      Culver City Duplex Opportunity

      Remodeled duplex in prime location, ideal for various living arrangements.
      4110 Harter Ave, Culver City, CA 90232
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      18,400 SF

      Freestanding Retail Building For Lease

      Retail space with high visibility, shadow-anchored by major retailers.
      3802 Culver Ctr, Culver City, CA 90232
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, 4,400 SqFt, Culver City.
      11124 Washington Blvd, Culver City, CA 90232
      View Details
    • Contact for pricing

      Retail Property in Culver City

      Fully leased retail property in a prime Culver City location.
      10800 Washington Blvd, Culver City, CA 90232
      View Details
    • Contact for pricing

      Culver City Creative Office/Retail

      Creative office or pop-up retail space in Culver City.
      10003 Washington Blvd, Culver City, CA 90232
      View Details
    • Contact for pricing

      Freestanding Retail Property For Lease

      Freestanding corner retail property available for lease.
      10307 Washington Blvd, Culver City, CA 90232
      View Details
    • Contact for pricing

      Creative Space in Hayden Tract

      Prime creative office space in Culver City's Hayden Tract.
      3562 Eastham Dr, Culver City, CA 90232
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10451 Washington Blvd
    Culver City, CA 90232
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10451 Washington Blvd, Culver City, CA, 90232
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!