COASTAL WESTSIDE MIXED-USE PROPERTY

318 CULVER BOULEVARD | PLAYA DEL REY, CA

HIGHLIGHTS

  • 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 INFO

Property Type: Mixed-Use

Status: For Sale

GLA/Building Size: +/- 7,302 / 7,601SF

Lot Size: 0.13 Acres (5,529 SF)

iNVESTMENT PRICING

Price: $3,995,000

Cap Rate Current: 3.15%

Cap Rate Pro Forma: 5.20%

Price Per Square Foot (Building): $525.59

financial DETAILS

Lease Type: Contact Agent

Lease Term Remaining: Contact Agent

Rent Increases: Contact Agent

Options to Extend: Contact Agent

Guarantor: Single Contact Agent

contact

Ryan Sharpe
Vice President
License No. 01940376
+1 310 893 3397
Ryan.Sharpe@vantiscap.com

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VANTIS CAPITAL ADVISORS

2 Park Plaza | Suite 300 | Irvine, CA 

949.942.1300

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