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3847 Main St

19,201 SF 100% Leased Retail Building Culver City, CA 90232 $21,000,000 ($1,094/SF) 4.43% Cap Rate

Investment Highlights

  • Located at the main intersection of Downtown Culver City, there is no better location than this in the neighborhood.
  • Second floor creative office space available for owner user to occupy.
  • Within one block of four public parking structures.
  • Excellent opportunity for an investor with ground floor retail 100% leased.
  • All retail units on the ground floor are fully built out restaurants.
  • Across the street from The Culver Steps and Culver Hotel.

Executive Summary

Newmark and PAR Commercial Brokerage are pleased to present the opportunity to acquire the retail/office property at 3843 Main Street, Culver City, CA 90232 (hereafter referred to as the “Property,” “Project,” or “Center”). The property consists of approximately 17,386 square feet building on 9,787-square feet land, comprised of 4 restaurant spaces on the ground floor and second floor co working office space. Currently, the property features tenants such as Public School, Latea Lounge, Monty’s Good Burger, and Ippudu Ramen. Located at the northwest corner of the signalized intersection of Culver Boulevard and Main Street, is located at the main intersection of Downtown Culver City. The property boasts an exceptional location in the heart of Culver City, with excellent access to the Santa Monica (10) Freeway and proximity to the Culver City Metro Station. It is just minutes away from many new mixed-use retail developments such as the Culver Steps and Culver Platform, anchored by tenants such as Bianca, Aesop, Reformation and Erewhon. Not only is Downtown Culver a destination for both locals and visitors, it’s a major hub for the biggest name tech and entertainment companies in the world like Sony, Tik Tok and Apple, just to name a few. This area is characterized by its dynamic mix of commercial and residential developments, making it attractive to families and young professionals. The strategic location enhances the property’s potential to capitalize on the region’s continued growth and demand for commercial space.
Investment Highlights:
- Located at the main intersection of Downtown Culver City, there is no better location than this in the neighborhood.
- Excellent opportunity for an investor with ground floor retail 100% leased.
- Second floor creative office space available for owner user to occupy.
- All retail units on the ground floor are fully built out restaurants.
- Within one block of four public parking structures.
- Across the street from The Culver Steps and Culver Hotel.
- Culver Studios and Sony Picture Studios in walking distance.
- Within blocks on several new creative office buildings which are home to Amazon, Sony, Apple, HBO.
- Nearby to Culver City station of the Metro Expo Line.
- Recent development have drastically increased the demographics and average income in the Culver City sub-market.
Property Location:
Culver City is located about 10 miles from Downtown Los Angeles and only 12 miles from Downtown Santa Monica.
- Located at the hard corner signalized intersection of Culver Blvd and Main Street.
- Within blocks of the Culver City Steps and Platform, two multi - use retail development projects with high end
restaurants and retailers.
- Very central in the greater Los Angeles market, attracting consumers from both east and west.
- The Culver City market has been a hub for major entertainment as well as tech companies including Amazon Studios, Warner Bros, Discovery, Tik Tok and Apple.
- Located within two miles of the Santa Monica (10) Freeway which serves as a major transportation corridor and provides access to key areas such as Downtown LA and the Westside.
- Culver City is strategically positioned in the Westside submarket, offers a blend of residential neighborhoods and vibrant commercial districts and creative industries.
- Nearby to Culver City station of the Metro Expo Line which runs from Downtown Los Angeles to Santa Monica

Attachments

3843 Main St-1

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,201 SF
Building Class
C
Year Built
1929
Price
$21,000,000
Price Per SF
$1,094
Cap Rate
4.43%
NOI
$929,763
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.96
Land Acres
0.22 AC
Zoning
CG - General Commercial
Frontage
100 FT on Culver Blvd

Amenities

  • 24 Hour Access
  • Bus Line
  • Conferencing Facility
  • Corner Lot
  • Metro/Subway
  • Property Manager on Site
  • Signalized Intersection
  • Skylights
  • Storage Space
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • A
  • 5,000 SF
  • Office
  • -
  • 60 Days

This configuration is the larger portion of 2nd floor. Fully built-out. Features 11 private offices, 1 conference rooms, a kitchenette, and reception area. Private entrance from Culver Blvd with its own private elevator. 200+ unreserved daily parking spaces available at adjacent parking structure (3846 Cardiff Ave - see photos) at a rate of $12 per day. Call broker to tour.

  • B
  • 2,600 SF
  • Office/Medical
  • -
  • 60 Days

Includes 3 private offices, 2 bullpen areas, and 1 conference room. Men's and Women's bathroom shared with Suite A.

Space Size Space Use Position Available
A 5,000 SF Office - 60 Days
B 2,600 SF Office/Medical - 60 Days

A

Size
5,000 SF
Space Use
Office
Position
-
Available
60 Days

B

Size
2,600 SF
Space Use
Office/Medical
Position
-
Available
60 Days

A

Size 5,000 SF
Space Use Office
Position -
Available 60 Days

This configuration is the larger portion of 2nd floor. Fully built-out. Features 11 private offices, 1 conference rooms, a kitchenette, and reception area. Private entrance from Culver Blvd with its own private elevator. 200+ unreserved daily parking spaces available at adjacent parking structure (3846 Cardiff Ave - see photos) at a rate of $12 per day. Call broker to tour.

B

Size 2,600 SF
Space Use Office/Medical
Position -
Available 60 Days

Includes 3 private offices, 2 bullpen areas, and 1 conference room. Men's and Women's bathroom shared with Suite A.

Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Equinox
Luna Grill
Starbucks
Philz Coffee
CorePower Yoga
Mendocino Farms
CAVA
Tender Greens
The Coffee Bean & Tea Leaf
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4206-028-017
Land Assessment
$804,851
Improvements Assessment
$551,653
Total Assessment
$1,356,504
  • Listing ID: 33909617

  • Date on Market: 11/18/2024

  • Last Updated:

  • Address: 3847 Main St, Culver City, CA 90232

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