5,000±
Prime Commercial Property | Playa del Rey, CA
In the heart of one of the hottest markets in West Los Angeles, we are pleased to offer for sale the fee simple interest in an assemblage of two contiguous legal parcels located at 423 and 425 Culver Boulevard. 423 and 425 Culver Boulevard is the opportunity to acquire a large investor property or redevelopment site located just one mile from the Playa Vista Regional Center adjacent to the Ballona Wetlands Ecological Reserve which is a nearly 600-acre open space wetland and highland complex.
The Culver Boulevard Property Assemblage sits at the gateway to the oceanfront community Playa Del Rey, California between Marina Del Rey and the Los Angeles International Airport. The assemblage features 50 feet of frontage on Culver Boulevard and 100 feet frontage on Titmouse Park. Beach access is less than ½ mile away.
This is an ideal Westside location near the Playa Vista Regional Center transformed from the legendary Howard Hughes’ aerospace empire to a largescale mixed-use center offering unique office, shopping, dining, entertainment and living spaces. Touted as “Silicon Beach 2.0” Playa Vista will house Tech stalwarts Google, YouTube and Yahoo at its new office complex scheduled to open in July 2015. The location also provides unprecedented access to the Westside, South Bay and LAX; less than 5 minutes to 90/405 Freeways; 7 minutes to the 105 Freeway.
Please contact us for the Confidentiality Agreement and Offering Memorandum.
INVESTMENT OPPORTUNITY
Address: 423 and 425 Culver Blvd, Playa Del Rey, CA 90293
Product type: Offering fee simple interest in an assemblage of two commercial lots that include a duplex (425) and neighborhood serving café (423)
APN’s: 4116-010-006 and 4116-010-007
Zoning: [Q]C4-1VL with FAR limit of 1.0:1 up to 7,500 sq. ft.
Year built: 1952 to 1968
Construction: Wood frame
Land area: 5,000± sq. ft.
Parking spaces: 9
List price: $3,550,000
KEY INVESTMENT FEATURES
- Excellent demographics
- Affluent ocean front community
- 100% leased
- Below market rents
- Excellent redevelopment opportunity
KEY PROPERTY FEATURES
- Prime view location adjacent to the Ballona Wetlands Ecological Reserve
- Great visibility; Culver and Nicholson intersection is signalized
- Assemblage has 50 ft. frontage on Culver Blvd with 31,900 ADTC
- Trendy restaurants and beach access just ½ mile west
- Ideally located adjacent to the very high quality commercial development Playa Vista Regional Center named “Silicon Beach 2.0”
- West Los Angeles CRE market exhibiting very good fundamentals
- Playa Del Rey area has strong new construction and renovation activity
Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Information deemed reliable but not guaranteed.
