9432 Venice Blvd
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9432 Venice Blvd
10,032 SF Office Building Culver City, CA 90232 $13,500,000 ($1,346/SF) 3.83% Cap Rate
Investment Highlights
- Prime location in the heart of Downtown Culver City, walking distance to Main Street.
Executive Summary
Can be developed with 10,000 sqft with retail on ground floor & 70 to 75 residential units. Currently leased to Fresenius Medical Care w/ 5 years remaining & 5-year option at market. Tenant has no prop 13 protection. Tenant to pay any increase in property taxes over a base year of $15,125. Brick building seismically retrofitted. Sits in City of Los Angeles zoning requirements. Please see OM & call listing office with any questions.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Building Size
10,032 SF
Building Class
C
Year Built
1948
Price
$13,500,000
Price Per SF
$1,346
Cap Rate
3.83%
NOI
$516,689
Tenancy
Single
Building Height
1 Story
Typical Floor Size
10,032 SF
Building FAR
0.45
Lot Size
0.52 AC
Zoning
MU (EC) - Neighborhood Commercial, Development, Retail, Office, Medical, Multifamily, Mixed Use, Many Uses Available. Verify MU (EC) Zoning.
Parking
24 Spaces (2.39 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Number | 4206-028-020 | Improvements Assessment | $1,019,487 |
| Land Assessment | $314,845 | Total Assessment | $1,334,332 |
PROPERTY TAXES
Parcel Number
4206-028-020
Land Assessment
$314,845
Improvements Assessment
$1,019,487
Total Assessment
$1,334,332
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9432 Venice Blvd
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