11817 Culver Blvd, Los Angeles, CA 90066

Apr 8

Written By Jake Glaser

6 Units + (1) Non-Conforming Bachelor Unit in Del Rey | 92% Rental Upside

Download Offering Memorandum

$1,275,000

$212,500/Unit (6 Legal)

$182,143/Unit (7 Total)

$265.24/SF

14.02 GRM

Property Highlights

6-unit property plus (1) non-conforming bachelor unit in Del Rey built in 1952/1960 (7 units total)
Trust Sale offered to the market for first time in 54 years!
Mix consists of a 2BR/1BA detached front house, and (5) 1BR/1BA units, plus (1) non-conforming permitted guest room operating as a bachelor unit
On-site laundry room brings in additional income
Strong attached ADU potential in tuck under parking
97% in potential rental upside for investors to realize over their holding period in a tight rental market
Property has (6) on-site parking spaces
Required soft story retrofit was completed
Electrical has been fully updated
Cose to the 405 Freeway entrance giving quick access to Santa Monica, Culver City, and West Los Angeles

The Opportunity

The Glaser Group is pleased to present 11817 Culver Blvd, a well-maintained 6-unit property plus an additional non-conforming bachelor unit (7 units in total). The property, built between 1952 & 1960, is situated along the residential side of Culver Blvd in the desirable Del Rey neighborhood. This is a Trust sale offered for the first time in 54 years.

The property totals approximately 4,807 square feet of living space on an 8,409 square foot R3-zoned lot and features a unit mix of (1) 2BR/1BA detached front house, (5) 1BR/1BA units, and (1) non-conforming bachelor unit. The detached front house, measuring approximately 781 square feet, has its own private fenced frontyard and storage shed. The back structure containing 6 units is approximately 4,026 square feet and includes a tuck under parking area and backyard.

Current rents are approximately 97% below current market, representing one of the most compelling value-add opportunities available in today's Westside apartment market. The bachelor unit operates under a RUBS arrangement, and an on-site laundry room generates supplemental income.

Ownership has completed meaningful capital improvements including a fully updated electrical main and subpanels (2023), replacement of the majority of the windows, a 100-gallon water heater, and completion of the required soft-story seismic retrofit (2021). The tuck-under parking configuration presents strong attached ADU potential (Buyer to Verify), and the R3 zoning may support additional density under current state law (Buyer to Verify). Six on-site parking spaces serve the existing resident base.

Ideally positioned along Culver Boulevard with immediate 405 Freeway access and less than two miles from the beach, the property sits at the center of Silicon Beach, home to major employers including Google, Amazon Studios, Hulu, and Snap. Plus, Cedars-Sinai's new nine-story Marina del Rey Hospital is slated to open in 2026 just minutes away.