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4901-4929 Sepulveda Blvd 14,509 SF Retail Building Culver City, CA 90230 $12,258,298 CAD ($844.88 CAD/SF) 6.01% Cap Rate
Investment Highlights
- ±18-Year Average Tenant Tenure
- More than 32,321 residents with an average household income of $184,533 within one mile
- Limited New Retail Supply — Less than 3,500 SF of retail is currently under construction within a three-mile radius. (CoStar)
- Highly Leasable 800-2,500 SF Shop Spaces
- Signalized Sepulveda Blvd Location | ±30,760 CPD
Executive Summary
Progressive Real Estate Partners is pleased to present the opportunity to acquire 4901–4929 Sepulveda Boulevard, Culver City, an irreplaceable infill multi-tenant retail center in Los Angeles. The Property features below-market in-place rents averaging $2.91/SF/month, ±18 years of average tenant tenure, NNN lease structures and highly leasable 800–2,500 SF shop spaces within a supply-constrained retail market with just 3.19% vacancy among spaces below 3,000 SF within a one-mile radius. The Property is surrounded by a dense and affluent customer base, with 32,321 residents and an average household income of $184,533 within one mile, expanding to 123,948 residents and $176,863 average household income within two miles. Located at the signalized intersection of Sepulveda Boulevard and Lucerne Avenue, the Property benefits from prominent pylon signage and exposure to ±30,760 vehicles per day.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,509 SF
Building Class
B
Year Built/Renovated
1985/1998
Price
$12,258,298 CAD
Price Per SF
$844.88 CAD
Cap Rate
6.01%
NOI
$736,197 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.46
Lot Size
0.73 AC
Zoning
C2
Parking
36 Spaces (2.45 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 4215-031-033 | Improvements Assessment | $1,509,103 CAD |
| Land Assessment | $6,036,457 CAD | Total Assessment | $7,545,560 CAD |
Property Taxes
Parcel Number
4215-031-033
Land Assessment
$6,036,457 CAD
Improvements Assessment
$1,509,103 CAD
Total Assessment
$7,545,560 CAD
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4901-4929 Sepulveda Blvd
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