Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9646 Lucerne Ave Culver City, CA 90232-2951

    • Apartment buildings
    • 18,508 SF
    • 0.47 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2020
    $7,700,077
    Value Estimations
    $7,745,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6929639
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 9646 Lucerne Ave

    Year built
    1974
    Construction
    WOOD
    Lot size
    0.47 lot acres
    Property size
    18,508 SF
    Zone code
    CCR4*
    Property type
    Apartment buildings
    APN
    4204-001-021
    APU
    4204001021

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,815,000
      ML approach
      $7,755,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,276,000
      Market price range: $4.02M - $9.28M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $6,985,000
      Current use
      INDUSTRIAL (GENERAL)
      $11,890,000
      Change: +70% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $10,060,000
      Change: +44% Conversion: Difficult
      OFFICE BUILDING
      $9,290,000
      Change: +33% Conversion: Moderate
      MEDICAL BUILDING
      $8,430,000
      Change: +21% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $7,840,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $7,600,000
      Change: +9% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Culver City
    County
    Los Angeles
    State
    California
    Longitude
    -118.389
    Latitude
    34.0183
    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
    $102,191
    $6,367,248
    $1,805,143
    $8,172,391
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,118 SF

      4125 Duquesne Ave

      APARTMENT HOUSE (5+ UNITS) • 5,118 SF
      4125 Duquesne Ave, Culver City, CA 90232-2866
      View Details
    • Value Estimation
      $515,000
      10,140 SF

      3867 College Ave

      APARTMENT HOUSE (5+ UNITS) • 10,140 SF
      3867 College Ave, Culver City, CA 90232-3640
      View Details
    • Value Estimation by Request
      4,032 SF

      3427 Caroline Ave

      APARTMENT HOUSE (5+ UNITS) • 4,032 SF
      3427 Caroline Ave, Culver City, CA 90232-7454
      View Details
    • Value Estimation by Request
      7,060 SF

      3820 Mentone Ave

      APARTMENT HOUSE (5+ UNITS) • 7,060 SF
      3820 Mentone Ave, Culver City, CA 90232-3127
      View Details
    • Value Estimation by Request
      3,693 SF

      10886 Venice Blvd

      APARTMENT HOUSE (5+ UNITS) • 3,693 SF
      10886 Venice Blvd, Culver City, CA 90232-3629
      View Details
    • Value Estimation
      $1,550,000
      31,738 SF

      9520 Lucerne Ave

      APARTMENT HOUSE (5+ UNITS) • 31,738 SF
      9520 Lucerne Ave, Culver City, CA 90232-2946
      View Details

    Similar Nearby for Sale

    • $2,350,000
      3,920 SF

      Culver City Multifamily Investment Opportunity

      Rare multifamily property near downtown Culver City with expansion potential.
      4061 Irving Pl, Culver City, CA 90232
      View Details
    • $2,500,000

      Culver City 5-Unit Bungalow

      Charming, updated 5-unit property near Downtown Culver City.
      3872 College Ave, Culver City, CA 90232
      View Details
    • $1,700,000
      3,391 SF

      Culver City 5-Unit Property

      Versatile 5-unit property in Culver City, ideal for owner-users.
      10920 Aletta Ave, Culver City, CA 90232
      View Details
    • $1,899,000

      Remodeled Duplex with ADU Potential

      Remodeled duplex with detached studio in prime Culver City location.
      3968 Tilden Ave, Culver City, CA 90232
      View Details
    • $2,300,000
      4,968 SF

      Culver City Development Opportunity

      Entitled project: renovate fourplex, build two ADUs in Culver City.
      Hubbard St, Culver City, CA 90232
      View Details
    • New
      $2,399,000
      Pending

      Culver City Two Houses

      Two houses on a large lot in downtown Culver City.
      4135 Lafayette Pl, Culver City, CA 90232
      View Details

    Similar Nearby for Lease

    • $5,800 /Mo
      1,830 SF

      Culver City Townhome with Upgrades

      Stylish 3-level townhome near downtown Culver City with modern amenities.
      3823 Huron Ave, Culver City, CA 90232
      View Details
    • $39 SF/Yr
      17,386 SF

      Culver City Office Space for Lease

      9,000 SF Office, Prime Location
      9415 Culver Blvd, Culver City, CA 90232
      View Details
    • $2 SF/Yr
      38,350 SF

      Industrial Space in Hayden Tract

      Industrial property for lease in Culver City's Hayden Tract.
      8439 Steller Dr, Culver City, CA 90232
      View Details
    • Contact for pricing

      Culver City Office Sublease

      Office space available for sublease through May 2027.
      8888 Washington Blvd, Culver City, CA 90232
      View Details
    • Contact for pricing
      3,575 SF

      Culver City Restaurant Space Available

      Prime Culver City retail space, 3,575 sq ft.
      3050 La Cienega Blvd, Culver City, CA 90232
      View Details
    • Contact for pricing

      Culver City Retail Property

      Fully leased retail property in Culver City, California.
      9300 Culver Blvd, 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.
    9646 Lucerne Ave
    Culver City, CA 90232-2951
    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

    Google sign-in failed. Please try again or use another login method.