Description

THREE PROPERTY TRUST SALE [3674 EMPIRE DR 10 UNITS, 4253 S CENTINELA AVE 6 UNITS, 11817 CULVER BLVD 7 UNITS] 11817 Culver Blvd is a well-maintained 6-unit property plus an additional non-conforming bachelor unit (7 units in total). The property, built between 1952 & 1960, is situated along the residential side of Culver Blvd in the desirable Del Rey neighborhood. This is a Trust Sale offered for the first time in 54 years. The property totals approximately 4,807 square feet of living space on an 8,409 square foot R3-zoned lot and features a unit mix of (1) 2BR/1BA detached front house, (5) 1BR/1BA units, and (1) non-conforming bachelor unit (legal guest room). The detached front house, measuring approximately 781 square feet, has its own private fenced front yard and storage shed. The back structure containing 6 units is approximately 4,026 square feet and includes a tuck under parking area and backyard. Current rents are approximately 97% below current market, representing one of the most compelling value-add opportunities available in today's Westside apartment market. The bachelor unit operates under a RUBS arrangement, and an on-site laundry room generates supplemental income. Ownership has completed meaningful capital improvements including a fully updated electrical main and sub-panels (2023), replacement of the majority of the windows, a 100-gallon water heater, and completion of the required soft-story seismic retrofit (2021). The tuck-under parking configuration presents strong attached ADU potential (Buyer to Verify), and the R3 zoning may support additional density under current state law (Buyer to Verify). Six on-site parking spaces serve the existing resident base. Ideally positioned along Culver Boulevard with immediate 405 Freeway access and less than two miles from the beach, the property sits at the center of Silicon Beach, home to major employers including Google, Amazon Studios, Hulu, and Snap. Plus, Cedars-Sinai's new nine-story Marina del Rey Hospital is slated to open in 2026 just minutes away.