Strong Income & Upside in a Rare Culver City Multi-Unit Located at 11020 - 11028 Venice Blvd.
Investors: this is one to watch. Twelve 2 bed / 1 bath units plus three income-producing garages, totaling nearly 10,000 square feet of living space on a 9,152 sq ft lot. Two on-site laundry rooms offer added convenience (and potential income). The building has been freshly painted on the exterior and is currently generating solid income with below-market rents — average-condition 2BR units in the area are leasing for ~$2,400/month, offering clear upside through future renovations and lease-ups.
Cap rate just over 5% — already outperforming many nearby assets. This property offers a compelling mix of stable in-place cash flow and long-term value growth potential.
Located in Culver City proper — a submarket with historically strong tenant demand, low inventory, and consistent investor interest. Major employers are all around: Sony Pictures Studios, Southern California Hospital, Culver City Unified School District, West LA College, the buzzing Hayden Tract creative zone, plus the Westfield Culver City Mall just up the road. That means a deep pool of renters who want to live close to both work and play.
Tenants also enjoy Culver City’s dining, shopping, and cultural amenities, with Venice, Abbot Kinney, and the beach just minutes away. No wonder Culver City is consistently ranked one of the top places to live in L.A. — the lifestyle sells itself.
Rare product. Real income. Strong fundamentals. Great submarket.
Don’t wait — well-positioned assets like this don’t trade often.
Listed by Edward Kaminsky
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License #00958114
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eXp Realty of California, Inc
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310-427-2414
Last updated October 22, 2025
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Source: CRMLS #SB25186586
Listing Facts
TypeMulti-family
NeighborhoodClarkdale
Days on Prevu42
Amenities
Parking
Location
Mortgage Calculator
Listing History
10/23/2025
Status changed to Active
$3,550,000
10/22/2025
Status changed to Removed from Feed
$3,550,000
10/13/2025
Price Decreased
$3,550,000
10/05/2025
Status changed to Active
$3,795,000
10/03/2025
Status changed to Removed from Feed
$3,795,000
09/21/2025
Status changed to Active
$3,795,000
09/20/2025
Status changed to Removed from Feed
$3,795,000
09/11/2025
Listed by eXp Realty of California, Inc
$3,795,000
Property Details for 11020 Venice Boulevard
Association
Amenities
Community Features: Street Lights, Sidewalks
Exterior
Construction
Number Of Units Total: 12
Stories: 2
Stories Total: 2
Year Built: 1953
Common Walls: No Common Walls
Entry Level: 1
Entry Location: front door
Measurements
Building Area Total: 9,884
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre, Corner Lot
Lot Size Acres: 0.21
Lot Size Area: 9,152
Lot Size Source: Assessor
Lot Size Square Feet: 9,152
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 5.08
Gross Income: $323,316.00
Operating Expense: $130,451.00
Taxes
Parcel Number: 4213004015
Other
Location
Tax Lot: 1
Parking
Parking
Garage Spaces: 3
Garage: Yes
Parking Total: 3
Utilities
Equipment
Heating: Wall Furnace
Has Heating: Yes
Laundry Features: Common Area
Sewer: Public Sewer
Water Source: Public
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.