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11621 Culver Blvd, Los Angeles, CA 90066
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11621 Culver Blvd Los Angeles, CA 90066

$3,765,000 Sold Price as of 09/16/2020
  • 16 Beds
  • 14 Baths
  • -- Sq.Ft.
Sold
$3,765,000 Sold Price as of 09/16/2020 Refinance Your Mortgage
Map preview of 11621 Culver Blvd, Los Angeles, CA 90066

Property Overview: 11621 Culver Blvd Los Angeles, CA has 16 bedrooms, 14 bathrooms, -- living square feet and 9,945 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 11621-11625 Culver Blvd is a 2-building, 14-unit, 8,192 sqft multi-family investment property located on a 9,949 sqft LAR3-1 zoned lot in Mar Vista, one of Los Angeles' most desirable Westside neighborhoods. The property is a great value-add opportunity, consisting of two contiguous 7-unit buildings with a shared center courtyard/patio space. With a unit mix of 12 (1 bed + 1 bath) units and 2 (2 beds + 1 bath), the property has the potential to be turned into a 19-unit development opportunity making it an attractive investment opportunity in this highly coveted, high-demand rental market. The property includes 12 parking spaces, 6 of which are inside of 6 private single garages, a communal outdoor center courtyard, and on-site laundry. The required City of Los Angeles seismic retrofitting has been completed.

Listed by Matthew R. Kanner | BRE #01349203 | Keller Williams Realty Los Feliz
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 79

Home details

Lot Sq. Ft
9,945
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20564412
City
Los Angeles
County
Los Angeles
Time on Site
1207 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 14
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 12
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,585
  • Total Rent: $19,017
  • Pro Forma/Market Rent: $28,200
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,600
  • Total Rent: $3,199
  • Pro Forma/Market Rent: $5,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.71
  • Gross Scheduled Income: --
  • Net Operating Income: $171,545
  • Gross Operating Income: $265,217
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 11621 Culver Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • No Heating
  • None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Garage - Single Door, Street, Parking Space, Private
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 14
  • Parcel Number: 4217009038
Location / Neighborhood
Location Information
  • Directions: Located just SE of Washington Blvd and south/west of Sawtelle Blvd and the 405.
View more facts & features

Local Los Angeles Agent

Sale History for 11621 Culver Blvd

Last sold for $3,765,000 on September 16th, 2020

  • September, 2020

  • Sep 16, 2020

    Date

    Sold

    CRMLS: 20564412

    $3,765,000

    Price

  • Jun 5, 2020

    Date

    Pending

    CRMLS: 20564412

    $4,290,000

    Price

  • Apr 7, 2020

    Date

    Price Change

    CRMLS: 20564412

    $4,290,000

    Price

  • Mar 17, 2020

    Date

    Active

    CRMLS: 20564412

    $4,400,000

    Price

  • September, 2020

  • Sep 16, 2020

    Date

    Sold (Public Records)

    Public Records

    $3,765,000

    Price

  • March, 2016

  • Mar 7, 2016

    Date

    Sold (Public Records)

    Public Records

    $3,600,000

    Price

Show More

Tax History for 11621 Culver Blvd

Assessed Value (2020): $3,896,754
Year Land Value Improved Value Assessed Value
2020 $2,056,620 $1,840,134 $3,896,754

Home Value Compared to the Market

This property vs the competition

11621 Culver Blvd sold on September 16, 2020 for 260.5% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 11621 Culver Blvd

Detailed summary of property

11621 Culver Blvd is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 16 bedrooms, 14 bathrooms, roughly -- living square feet, and sits on an approximately 9,945 square foot lot. 11621 Culver Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $3,765,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 260.5% higher than the current median priced home. Local homes that are currently for sale include 8701 Olin St, 11337 Mississippi Ave and 5700 Clemson St. While the average home in Los Angeles, CA is selling in 96 days, 11621 Culver Blvd has a days on market of 79 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 11621 Culver Blvd Los Angeles, CA 90066 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11621 Culver Blvd

Public county record property details
Beds
16
Baths
14
Year built
1957
Sq. Ft.
8,192
Lot Size
9,944
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
24-26
APN
4217-009-038

The source for these homes facts are from public records.

90066 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,200,000
Median List Price/Sq.Ft.
$1,014
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
104
Median Sale to List Price %
100.08%
Avg Days on Market
29
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (15.15%), Other (6.06%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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