8534 Washington BlvdCulver City, CA 90232

Property Details for 8534 Washington Blvd

Year built

1947

Construction

TILT-UP CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

1,773 SF

Zone code

CCC3YY

Property type

Retail properties

Property subtype

Auto shops

APN

4205-014-011

APU

4205014011

Description

This exceptional 3,985 square foot commercial building, situated on a 4,050 square foot lot at 8534 Washington Blvd in Culver City, CA 90232, presents a unique owner-user opportunity. Built in 1947, this single-story property boasts a permitted CC C3YY zoning, ideal for restaurant and executive office uses. The asking price is $4,000,000, translating to $1,003.76 per square foot. Six parking spaces are available on-site. Its strategic location at the southeast corner of Washington Blvd and Fay Avenue offers unparalleled visibility and accessibility. The property is within walking distance of the Helms Bakery District and just minutes from Downtown Culver City, major entertainment studios (Sony Pictures Animation, Culver Studios), the Culver Hotel, and a vibrant array of art galleries, shops, and restaurants. Its proximity to the Expo light rail station and the new Ivy Station mega-project (featuring HBO offices, residential units, a hotel, and retail space) further enhances its appeal. The area is experiencing significant growth, with new Apple and Amazon office projects nearby, contributing to high demand and very low vacancy rates. This presents a compelling investment in a thriving Culver City market with strong demographics. The APN is 4205-014-011.

• CAP approach

  CAP return

  Valuation

  6%

  $755,152

  6.5%

  $697,063

  7%

  $647,273

• Comparable approach

  Method

  Valuation

  Relative Method

  $849,627

  Geo Method

  $849,627

• Alternative Use

  Use

  Valuation

  Residential

  $587,999

  Hospitality

  $538,604

  Educational

  $448,112

  Medical

  $463,523

  Retail

  $697,063

Location Insight

City

Culver City

County

Los Angeles

State

California

Latitude

34.0305

Longitude

-118.38

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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