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Property profile & analytics
OFF-MARKET
Commercial land

11281 Washington Pl Culver City, CA 90230-4623

0.28 ac lot Built 1958
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6567088
Property summary
AI-generated overview

This exceptional 12,284 square foot commercial development site is located at 11281 Washington Place, Culver City, CA 90230. Situated on a signalized intersection of Washington Place and Sawtelle Boulevard, this property boasts a CG zoning designation. The site is ideally positioned in a thriving area of Culver City, a dynamic market experiencing significant growth with new residential and high-end office developments. Its central location offers easy access to major employment centers in Santa Monica and Century City, and its proximity to the 405 and 10 freeways provides excellent connectivity. The surrounding neighborhood is a blend of residential and commercial buildings, creating a vibrant and desirable environment. While previously approved plans for a 14-unit multifamily building with ground floor retail (48,422 buildable SF) have expired, this presents a blank canvas for a new development project. The property will be delivered vacant at the close of escrow. This prime location and substantial lot size offer a unique opportunity for developers seeking to capitalize on Culver City's continued expansion. The APN is 4214-002-040. The property is in Los Angeles County, zip code 90230.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1958
Lot 0.28 ac (12,284 SF)
Zoning code CCC3*
APN 4214-002-040
UPID US09-6567088
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Washington Place Vista LLC · 1 yrs held
Washington Place Vista LLC
since 2024
7 recorded transactions
2024
$2.5M
2022
Price N/A
2021
Price N/A
2015
$2.4M
2015
Price N/A
2009
$850,000
2009
Price N/A
Zoning & alternative use
CCC3* · Culver City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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