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

    Culver City, CA 90230

    • Parking lots & garages
    • 17,000 SF
    • 0.42 lot acres
    OFF-MARKET
    Last Sale
    Jan 10, 2025
    $7,933,500
    Value Estimations
    $7,865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9122080
    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

    • Parking lots & garages

    Property Details

    Year built
    1952
    Lot size
    0.42 lot acres
    Property size
    17,000 SF
    Zone code
    CCC3*
    Property type
    Parking lots & garages
    APN
    4216-029-030
    APU
    4216029030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,365,000
      ML approach
      $6,315,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,778,000
      Market price range: $3.54M - $19.2M

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $10,515,000
      Current use
      AUTO REPAIR, GARAGE
      $9,240,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $8,530,000
      Change: -19% 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
    -118.396
    Latitude
    33.9903
    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
    $27,121
    $2,257,542
    $20,090
    $2,277,632
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,580,000
      208,541 SF

      301 Corporate Pointe

      PARKING GARAGE, PARKING STRUCTURE • 208,541 SF
      301 Corporate Pointe, Culver City, CA 90230
      View Details
    • Value Estimation by Request
      6,000 SF

      6900 Centinela Ave

      PARKING LOT • 6,000 SF
      6900 Centinela Ave, Los Angeles, CA 90230-6305
      View Details
    • Value Estimation by Request
      2,000 SF

      Culver City, CA 90230

      PARKING LOT • 2,000 SF
      Culver City, CA 90230
      View Details
    • Value Estimation by Request
      3,000 SF

      4401 Slauson Ave

      PARKING LOT • 3,000 SF
      4401 Slauson Ave, Los Angeles, CA 90230
      View Details
    • Value Estimation
      $1,495,000
      20,272 SF

      4120 Sepulveda Blvd

      PARKING LOT • 20,272 SF
      4120 Sepulveda Blvd, Culver City, CA 90230
      View Details
    • Value Estimation by Request
      1,650 SF

      11215 Washington Blvd

      PARKING LOT • 1,650 SF
      11215 Washington Blvd, Culver City, CA 90230-4621
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,777 SF

      Culver City Retail Leasehold Opportunity

      Former Toys R Us leasehold for sale in Culver City.
      11136 Jefferson Blvd, Culver City, CA 90230
      View Details
    • $1,499,999
      4,200 SF

      Culver City Retail Strip Center

      Multi-tenant retail strip center in high-traffic Culver City location.
      5405 Sepulveda Blvd, Culver City, CA 90230
      View Details
    • $50,000

      Turnkey Hair Salon Culver City

      Profitable hair salon in prime Culver City location for sale.
      4335 Sepulveda Blvd, Culver City, CA 90230
      View Details
    • $28,900,000
      96,394 SF

      Freestanding Dock-High Facility For Sale

      96,394 SF concrete tilt-up facility with excellent frontage.
      5331-5333 Slauson Ave, Commerce, CA 90230
      View Details
    • $1,035,000
      1,884 SF

      Spacious Townhome in Beverlywood West

      Rare 4-bedroom townhome with community amenities in a desirable location.
      11260 Overland Ave, Culver City, CA 90230
      View Details
    • Contact for pricing
      315,000 SF

      Class A Office Building

      Modern office building with dining, retail, and conference amenities.
      6163 W Centinela Ave, Culver City, CA 90230
      View Details

    Similar Nearby for Lease

    • $48 SF/Yr
      204,263 SF

      Culver City Retail Storefront Available

      Prime Culver City location, 1,477 sq ft.
      10960 Jefferson Blvd, Culver City, CA 90230
      View Details
    • Contact for pricing
      2,700 SF

      Culver City Retail Opportunity

      Prime Culver City location, 2700 sq ft.
      4114-4128 Sepulveda Blvd, Culver City, CA 90230
      View Details
    • $53 SF/Yr
      3,276 SF

      Culver City Retail Space Available

      Prime Culver City location; 800-900 sq ft spaces.
      4500 Inglewood Blvd, Los Angeles, CA 90230
      View Details
    • Contact for pricing

      Culver City Office/Retail Space

      Office and retail spaces available for lease in Culver City.
      600 Corporate Pointe, Culver City, CA 90230
      View Details
    • Contact for pricing
      200 SF

      Culver City Commercial Kitchen Space

      Prime 200 sq ft ghost kitchen, Los Angeles County.
      5660 Selmaraine Dr, Culver City, CA 90230
      View Details
    • $2 SF/Yr
      52,348 SF

      Buckingham Heights Business Park

      Prime LA County Office/Industrial Space
      5601- Buckingham Pkwy, Culver City, CA 90230
      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.
    Culver City, CA 90230
    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.