10958 Venice Boulevard, Culver City, CA 90232
Local realty services provided by:CENTURY 21 Sierra Properties
10958 Venice Boulevard,Culver City, CA 90232
$1,595,000
- 6 Beds
- - Baths
- 2,871 sq. ft.
- Multi-family
- Active
Listed by: david miller
Office: miller & desatnik realty co.
MLS#:CL26837219
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$1,595,000
- Price per sq. ft.:$555.56
About this home
VACANT 2 BR + 1 BA OWNERS UNIT!!!! 10958 Venice Blvd presents a rare opportunity to acquire a well-maintained 4-unit multifamily property located in a prime West Los Angeles / Culver City location with tremendous future upside through ADU development potential. Built in 1954, the property consists of 2,871 square feet situated on a 4,975 square foot lot and is offered at $1,700,000, equating to $425,000 per unit and $592 per square foot. The property currently operates at an attractive 4.77% cap rate with a 13.69 GRM, providing stable in-place income while offering substantial value-add potential for a new owner.The property is ideal for both investors and owner-users, featuring unit 10964, a 2-bedroom + 1-bath unit, delivered vacant. This provides an excellent opportunity for an owner-user to immediately occupy the unit while benefiting from rental income from the remaining units, or for an investor to capture additional rental upside in a highly desirable Westside rental market. Additionally, unit 10960 is part of the Culver City Rental Assistance Program, providing stable supplemental rental income.A major highlight of the property is the existing rear garage and carport area, which presents a tremendous opportunity for future ADU development. A new owner may have the ability to add additional rental units (buyer to verify with the City of Los Angeles), creating meaningful long-term income growth and increased property value. With California's continued support for ADU expansion and the strong demand for rental housing throughout the Westside, this represents an exceptional investment opportunity rarely found in such a premier location.Ownership has completed approximately $145,030 in capital improvements over the years, demonstrating a strong commitment to maintaining and upgrading the asset. Notably, 3 of the 4 units have been remodeled, helping minimize deferred maintenance concerns while enhancing tenant appeal and long-term investment stability. Improvements include extensive unit remodels, balcony improvements, electrical upgrades, sewer improvements, exterior repainting, kitchen remodeling, multiple water heater replacements, artificial turf installation, and additional building system upgrades.Ownership also installed low-maintenance artificial turf landscaping, significantly reducing operating expenses by eliminating the need for ongoing gardening service while maintaining attractive curb appeal.Ideally situated near the intersection of Venice...
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Home facts
- Year built:1954
- Listing ID #:CL26837219
- Added:47 day(s) ago
- Updated:July 08, 2026 at 02:32 PM
Rooms and interior
- Bedrooms:6
- Living area:2,871 sq. ft.
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1954
- Building area:2,871 sq. ft.
- Lot area:0.11 Acres
Finances and disclosures
- Price:$1,595,000
- Price per sq. ft.:$555.56
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