$6,299,000 Price Analysis 11178 Culver BlvdCulver City, CA 90230 2 bed 22 bath 8,492 SqFt ($741/SqFt) 0.25 acre lot. Built 1956 Listed 2024-06-14, Taxes $33,177 | Ⓧ USDA Ineligible due to price & location near Culver City |
Classic, SoCal garden-style walkup property surrounding a sparkling pool. The perfect unit mix, particularly for Culver City: Studio units are highly desirable for the young, 'hip' renting demos in Culver and West LA, where lifestyle and location trump bedroom count or square footage. Studios are highly approachable, pricewise, for many renters and therefore, vacancies are quickly filled. AND, Studios afford an oprator a nice hedge against rent control! Some occasional, organic turnover, here, helps keep rents pacing with market - unlike buildings made up of 2 and 3 Bedroom units, that tend to turn over, less frequently.
Location strength: Culver City straddles the 405 Fwy. and borders Venice, Playa Vista, Palms and Rico Robertson. The subject property is well-located between the 405 Fwy. and downtown Culver and Sony Studios - and easily walkable to all the retail and dining along Sepulveda, around the corner, literally. Lastly, excellent ASSUMABLE FINANCING AT ONLY 3.45%. Loan amount $2.48MM. Fixed until Mar. 2026.Priced at $286K/unit - well under the Culver City sales comp average of $333K/unit .EXCLUSIVELY LISTED AT $6, 299, 000.
Presented by Brice Head at
CBRE, Inc.
Property MLS #24-403971 from TheMLSCLAW
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $887,114 + $1,330,673 $2,217,787 | $33,177 |
2021 | $869,720 + $1,304,582 $2,174,302 | $33,319 |
2020 | $860,803 + $1,291,206 $2,152,009 | $33,186 |
2019 | $843,925 + $1,265,889 $2,109,814 | $32,407 |
2018 | $840,000 + $1,800,000 $2,640,000 | $38,566 |
2017 | $811,155 + $1,216,734 $2,027,889 | $31,315 |
2016 | $795,250 + $1,192,877 $1,988,127 | $29,049 |
2015 | $783,305 + $1,174,959 $1,958,264 | $28,942 |
2014 | $767,962 + $1,151,944 $1,919,906 | $28,887 |
2013 | $764,492 + $1,146,738 $1,911,230 | $27,908 |
2012 | $704,000 + $1,056,000 $1,760,000 | $25,335 |
2010 | $706,544 + $1,130,473 $1,837,017 | $26,331 |
2009 | $702,930 + $1,124,691 $1,827,621 | $25,879 |
2009 | $701,264 + $1,122,025 $1,823,289 | $25,879 |
2008 | $689,148 + $1,102,639 $1,791,787 | $26,273 |
2007 | $675,636 + $1,081,019 $1,756,655 | $25,144 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.