11020 Venice

Property Description

Strong Income and Upside in a Rare Culver City Multi-Unit Located at 11020 - 11028 Venice Blvd. Investors: this is one to watch. Twelve 2-bed/1-bath units plus three income-producing garages, totaling nearly 10,000 square feet of living space on a 9,152 sq ft lot. Two on-site laundry rooms offer added convenience (and potential income). The building has been freshly painted on the exterior and is currently generating solid income with below-market rents-average-condition 2BR units in the area are leasing for ~$2,400/month, offering clear upside through future renovations and lease-ups. Cap rate is just over 5%, already outperforming many nearby assets. This property offers a compelling mix of stable in-place cash flow and long-term value growth potential. Located in Culver City proper, a submarket with historically strong tenant demand, low inventory, and consistent investor interest. Major employers are all around: Sony Pictures Studios, Southern California Hospital, Culver City Unified School District, West LA College, the buzzing Hayden Tract creative zone, and the Westfield Culver City Mall just up the road. That means a deep pool of renters who want to live close to both work and play. Tenants also enjoy Culver City's dining, shopping, and cultural amenities, with Venice, Abbot Kinney, and the beach just minutes away. No wonder Culver City is consistently ranked one of the top places to live in L.A. The lifestyle sells itself. Rare product. Real income. Strong fundamentals. Great submarket. Don't wait; well-positioned assets like this don't trade often.