8533 Washington BlvdCulver City, CA 90232

Property Details for 8533 Washington Blvd

Year built

1976

Construction

TILT-UP CONCRETE

Lot size

0.41 AC

Property size (Sq ft)

8,598 SF

Zone code

CCC3-R4*

Property type

Investment properties

Property subtype

Retail residential properties

APN

4312-021-043

APU

4312021043

Description

This exceptional 9,400 square foot commercial property, located at 8533 Washington Blvd in Culver City, CA (90232), presents a unique investment opportunity. Built in 1976 and renovated in 2008, this single-story building sits on a 19,060 square foot lot and offers versatile zoning (CC CG) suitable for a variety of uses, including retail, creative office space, and even a boutique hotel (subject to planning commission verification). The property features 24 parking spaces and is ideally situated at the northwest corner of Washington Blvd and McManus Avenue. Its prime location offers easy access to the Helms Bakery District (four blocks away), the Expo Light Rail station, and is minutes from Downtown Culver City, the Culver Hotel, Sony Pictures Animation, Culver Studios, and numerous art galleries, retailers, and restaurants. The property benefits from its proximity to major developments like the Ivy Station mega-project (including HBO offices, apartments, a hotel, and retail space), as well as new Apple and Amazon office projects. Culver City's high demand and low vacancy rates make this a highly attractive investment for owner-users seeking a multi-tenant property in a thriving commercial area. The maximum building height permitted is 56 feet. The APN is 4312-021-043.

• CAP approach

  CAP return

  Valuation

  6%

  $3,089,067

  6.5%

  $2,851,446

  7%

  $2,647,772

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,534,243

  Geo Method

  $2,534,243

• Alternative Use

  Use

  Valuation

  Residential

  $2,851,446

  Hospitality

  $2,611,910

  Educational

  $2,173,078

  Medical

  $2,247,814

  Retail

  $3,380,344

Location Insight

City

Culver City

County

Los Angeles

State

California

Latitude

34.0311

Longitude

-118.38

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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