Skip main navigation
Sold for $1,075,000 on 04/20/23
  • Listing Provided by: 

    Kevin King DRE #01158184 562-257-1200,

    Marcus & Millichap,

    Ryan Gonzalez DRE #01874815,

    Marcus & Millichap

    $1,075,000

    11262 Venice Blvd, Culver City, CA 90230

    --beds
    --baths
    3,060sqft
    Quadruplex
    Built in 1954
    -- sqft lot
    $1,543,000 Zestimate®
    $351/sqft
    $4,213 Estimated rent

    What's special

    • TRUE VALUE-ADD OPPORTUNITY WITH APPROXIMATLEY 75% UPSIDE IN RENTS • CENTRAL WEST LOS ANGELES LOCATION ON VENICE BLVD IN DESIREABLE CULVER CITY • IMMEDIATELY ADJACENT TO 405 FREEWAY AND CLOSE TO METRO EXPO LINE, PROVIDING EASY-ACCESS FOR COMMUTING TENANTS • PLENTY OF STREET PARKING, ALONG WITH TWO, 2-CAR GARAGES • COMMON-AREA LAUNDRY ROOM • 1954 CONSTRUCTION • HISTORICALLY LOW FINANCING AVAILABE FOR MULTI-FAMILY PROPERTIES We are pleased to present a 4-unit apartment building located at 11262 Venice Boulevard in Culver City, California. Built in 1954, the subject property consists of 3,060 rentable square feet, spread throughout a 5,000 square foot lot. The unit-mix consists of two 2-bedroom/ 1-bath units and two 1-bedroom/ 1-bath units. Owners can enjoy the high demand for rentals in West Los Angeles with desirable rental demographics that include educated and affluent young professionals. Tenants enjoy living in close proximity to many employment opportunities, entertainment venues, shopping, and restaurants. Culver City continues to progress forward and is currently experiencing major redevelopments including the Ivy Station project, which includes 500,000 square feet of offices, apartments, a hotel, stores and restaurants. Apple's 550,000 square-foot mixed-use campus, along with companies like Amazon Studios, Warner Media and Tik Tok can also be found in this area. This is an excellent opportunity to acquire a quality asset with true rental upside, bringing a steady return to the Buyer after conducting renovations.

    Zillow last checked: 7 hours ago

    Listing updated: April 21, 2023 at 09:01am

    Listing Provided by:

    Kevin King DRE #01158184 562-257-1200,

    Marcus & Millichap,

    Ryan Gonzalez DRE #01874815,

    Marcus & Millichap

    Bought with:

    NONE NONE, DRE #N/A

    None MRML

    Source: CRMLS,MLS#: PW22231075MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Appliances
    • Laundry: None
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 3,060
    • Total interior livable area: 3,060 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage
    • Garage spaces: 4
    Features
    • Pool features: None
    Lot
    • Size: 5,000 sqft
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 4214001018
    • Zoning: CCR4YY
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1954

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Gutter(s), Sidewalks
    Location
    • Region: Culver City

    Other

    Other facts
    • Listing terms: Cash,Cash to New Loan,1031 Exchange
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,543,000

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,543,000