COASTAL WESTSIDE MIXED-USE PROPERTY
318 CULVER BOULEVARD | PLAYA DEL REY, CA
Rare Mixed-Use Property: Subject property consists of 4 apartment units above 5 retail spaces, for a total of 9 tenants.
Easily Leasable Units: All retail shop spaces are on the ground floor, very small, and have great visibility/frontage on Culver Boulevard. All apartment units are two-bedroom one bath units, most of which were remodeled.
Recent Property Upgrades: Approx. $28K of improvements were recently made to the property, including a new roof with warranty, awnings, plumbing, repairs, and paint.
Superior Location: The subject property is a few blocks from the beachand down the street from tech giants such as Google, YouTube, Facebook, and Yahoo.
Strong Demographics: Population within a 5-mile radius is 363,492 with an average household income within a 1-mile radius exceeding $100,000 annually.
Property Type: Mixed-Use
Status: For Sale
GLA/Building Size: +/- 7,302 / 7,601SF
Lot Size: 0.13 Acres (5,529 SF)
Cap Rate Current: 3.15%
Cap Rate Pro Forma: 5.20%
Price Per Square Foot (Building): $525.59
Lease Type: Contact Agent
Lease Term Remaining: Contact Agent
Rent Increases: Contact Agent
Options to Extend: Contact Agent
Guarantor: Single Contact Agent