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Culver City

Culver City is a thriving residential suburb, promoted by real estate developers for its proximity to ‘everything’ LA. Centrally-located between Downtown Los Angeles and the beach cities, Culver City has been at the center of film and television production since the 1920’s. Founded at the junction of three streetcar lines, the “Heart of Screenland” has undergone one of the region’s most dynamic transformations by harnessing the synergy generated from the recent Expo Line expansion. Culver City’s revitalized downtown, creative office hubs, and transit-oriented development projects have successfully lured businesses and employees away from pricier submarkets across Los Angeles. As a result, Culver City offers phenomenal upside to multifamily owners, who can execute a sound renovation strategy for the myriad of properties built here in the 1950s and 1960s.

Market Stats - 2020

Overview - Annual Sales Stats

BUILDINGS SOLD

1

AVERAGE SALE PRICE

$17,600,000

AVERAGE PRICE PER UNIT

$440,000

AVERAGE PRICE PER SQUARE FOOT

$296

Rent vs Vacancy - Historical*

*Data Source: CoStar

Buildings Sold - Historical