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323-325 Culver Blvd 4,451 SF 33% Leased Retail Building Playa Del Rey, CA 90293 $4,841,865 CAD ($1,087.82 CAD/SF) 5.45% Cap Rate
INVESTMENT HIGHLIGHTS
- 323 Culver Boulevard is a one-of-a-kind chance to invest in a newly refreshed mixed-use asset overlooking the Ballona Wetlands.
- Comprising two retail storefronts, two offices, and two residential units with LAC4 zoning for limitless use and development potential.
- Excellent visibility, frontage, and access to Culver Boulevard, a dominant retail corridor traveled by over 71,733 vehicles per day.
- Located in one of the fastest-growing cities in California, home to Silicon Beach and local employers such as Google, Yahoo, and Meta.
EXECUTIVE SUMMARY
Grasp the opportunity to own two remodeled trophy buildings, which can be delivered vacant, at 323 Culver Boulevard in Playa Del Ray. This amazing six-unit jewel encompasses two upstairs residential apartments and four ground-floor commercial units, two of which have a full kitchen and outdoor patios. Tenants enjoy the amazing sunsets from the large bonus room, which faces the Ballona Wetlands and provides a feeling of open space and tranquility. The striking building just received a complete overhaul and looks new. The owner was meticulous with detail and spared no expense.
Enjoy life in the peaceful community of Playa del Rey at 323 Culver Boulevard, next to the thriving tech community known as Silicon Beach. Steps from restaurants, cafes, shops, and the beach, this fantastic property's location is only three blocks from the sand. Offering the best of the SoCal lifestyle, where residents and tenants can head out the door to the scenic beach bike path, take a leisurely stroll along the Ballona Wetlands, or wander down to the Marina Jetty to watch the sailboats unfurling in the wind. Most of the land in Playa del Rey is zoned residential, making Culver Boulevard one of the only streets that includes businesses. Playa del Rey is considered part of LA's Silicon Beach, home to many tech companies such as Google, Yahoo, Facebook, and more.
The magnificent 323 Culver Boulevard is perfect for an investor, owner/user, or even a live/work scenario. Inquire today with the Zebrowski Group about this once-in-a-lifetime opportunity.
Enjoy life in the peaceful community of Playa del Rey at 323 Culver Boulevard, next to the thriving tech community known as Silicon Beach. Steps from restaurants, cafes, shops, and the beach, this fantastic property's location is only three blocks from the sand. Offering the best of the SoCal lifestyle, where residents and tenants can head out the door to the scenic beach bike path, take a leisurely stroll along the Ballona Wetlands, or wander down to the Marina Jetty to watch the sailboats unfurling in the wind. Most of the land in Playa del Rey is zoned residential, making Culver Boulevard one of the only streets that includes businesses. Playa del Rey is considered part of LA's Silicon Beach, home to many tech companies such as Google, Yahoo, Facebook, and more.
The magnificent 323 Culver Boulevard is perfect for an investor, owner/user, or even a live/work scenario. Inquire today with the Zebrowski Group about this once-in-a-lifetime opportunity.
SALE FLYER
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,451 SF
Building Class
C
Year Built
1954
Price
$4,841,865 CAD
Price Per SF
$1,087.82 CAD
Cap Rate
5.45%
NOI
$263,882 CAD
Percent Leased
33%
Building Height
2 Stories
Building FAR
0.93
Lot Size
0.11 AC
Zoning
LAC4 - The property's LAC4 zoning allows for limitless use & development potential.
Parking
6 Spaces (1.35 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Palm Realty Boutique
- Real Estate
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Palm Realty Boutique | Real Estate | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (71)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
16,770
128,492
357,921
647,531
2029 Population
16,369
125,362
349,966
633,982
2024-2029 Projected Population Growth
-2.4%
-2.4%
-2.2%
-2.1%
Median Age
42.6
40.3
39.9
40.6
College Degree + Higher
66%
62%
58%
33%
Daytime Employees
3,741
71,179
265,064
470,878
Total Businesses
667
8,404
28,336
58,110
Average Household Income
$150,114
$153,161
$137,337
$130,634
Median Household Income
$119,669
$121,385
$106,635
$99,417
Total Consumer Spending
$341.8M
$2.4B
$5.9B
$9.8B
2024 Households
8,957
61,603
162,307
276,986
Average Home Value
$940,640
$1,034,869
$1,015,220
$977,978
$ values in USD
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Shark Island Grill | - | $$ | 2 min walk |
| Cheesesteaks By Truffleist | - | - | 2 min walk |
| Cafe Milan | Cafe | $ | 2 min walk |
| The Shack | American | $ | 3 min walk |
| Da Kikokiko | Hawaiian | $$ | 5 min walk |
| Caffe Pinguini | Italian | $$$$$ | 5 min walk |
| Playas Pita | Lebanese | $$ | 12 min walk |
| Subway | - | - | 16 min walk |
| The Good Pizza | - | - | 16 min walk |
RETAIL |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 2 min walk |
| Soccer Shots | Fitness | 16 min walk |
HOTELS |
|
|---|---|
| DoubleTree by Hilton |
283 rooms
6 min drive
|
| Ritz-Carlton |
304 rooms
8 min drive
|
| Tapestry Collection by Hilton |
111 rooms
9 min drive
|
| Holiday Inn Express |
160 rooms
9 min drive
|
| Marriott |
370 rooms
8 min drive
|
| Hyatt House |
128 rooms
10 min drive
|
PROPERTY TAXES
| Parcel Number | 4116-009-003 | Improvements Assessment | $963,165 CAD |
| Land Assessment | $2,080,438 CAD | Total Assessment | $3,043,603 CAD |
PROPERTY TAXES
Parcel Number
4116-009-003
Land Assessment
$2,080,438 CAD
Improvements Assessment
$963,165 CAD
Total Assessment
$3,043,603 CAD
SALE ADVISOR
SALE ADVISOR
Brett Zebrowski, Broker/Owner
Brett Zebrowski specializes in selling Luxury homes. With over $1 billion in personal sales, Brett has established himself as both a Top Producing Broker and an Innovative Marketer. To market a distinctive home requires uncommon knowledge and resources. Most importantly it is essential to recognize that luxury home buyers are not just buying a house, they are buying a lifestyle. Brett’s specialty is conveying a compelling lifestyle message that will successfully sell your home!
A great starting point is to focus on what separates the home from the marketplace as unique and different. What makes the home stand out? Sometimes this will be obvious but, in many cases, Brett will need to dig deeper into the home itself, looking at the architecture, land, amenities and even the home history.
After establishing your unique marketing message, Brett will provide each homeowner with an interior and exterior diagnostic report. Brett’s Exclusive Design Team will determine if your home needs pre-market considerations. As an additional benefit, Brett’s Concierge Service will provide all the necessary professionals.
Brett is also President of Palm Realty Boutique. Palm Realty Boutique is a dynamic, growing real estate firm. He is building a team of best-in-class professionals. He recognizes that the right people, offering their ideas, talents, and expertise in the right positions will enable us to continue our trajectory of success.
A great starting point is to focus on what separates the home from the marketplace as unique and different. What makes the home stand out? Sometimes this will be obvious but, in many cases, Brett will need to dig deeper into the home itself, looking at the architecture, land, amenities and even the home history.
After establishing your unique marketing message, Brett will provide each homeowner with an interior and exterior diagnostic report. Brett’s Exclusive Design Team will determine if your home needs pre-market considerations. As an additional benefit, Brett’s Concierge Service will provide all the necessary professionals.
Brett is also President of Palm Realty Boutique. Palm Realty Boutique is a dynamic, growing real estate firm. He is building a team of best-in-class professionals. He recognizes that the right people, offering their ideas, talents, and expertise in the right positions will enable us to continue our trajectory of success.
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323-325 Culver Blvd
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