11178 Culver Blvd is a 22-unit courtyard-style multifamily asset in Culver City, now offered at $4,550,000 following a $200,000 price reduction. The revised pricing equates to $206,818 per unit and positions the property as one of the larger sub-$5M multifamily offerings available in Culver City.

On current rents, 11178 Culver operates at a 6.42% CAP and 10.01 GRM, giving buyers a stronger income profile than the prior pricing supported. For investors looking for Westside scale, current yield, and a location tied to established employment and retail corridors, the updated basis brings the offering into sharper focus.

Pricing That Now Stands Out in Culver City

At $206,818 per unit, 11178 Culver Blvd is positioned as the lowest price per unit multifamily opportunity currently on the market in Culver City 90230, subject to final verification before publishing. That matters because true scale in Culver City is difficult to source below $5M, especially with 22 units and current income already in place. The price reduction makes the asset easier to underwrite against both active listings and recent neighborhood sales. Rather than stretching the story, the updated basis lets the numbers carry more of the weight.

Current Income Leads the Story, With Approx. 13% Upside Behind It

11178 Culver operates at a 6.42% CAP and 10.01 GRM on current rents. Based on rental comps in the immediate area, the property offers approx. 13% rental upside through standard unit turnover and interior updates. The stronger story here is the current income, not an aggressive repositioning plan. The upside is still available, but it sits behind a stabilized operating base, a 22-unit count, and a Westside location where comparable scale remains limited.

A Courtyard Layout and Pool That Still Fit Culver City Renters

Built in 1956, 11178 Culver Blvd features a classic Southern California courtyard configuration centered around a pool. The layout creates separation between units, open-air circulation, and a more residential feel than compressed corridor-style buildings.

The property includes controlled access, covered parking at the rear with alley access, and a RUBS utility reimbursement program that contributes additional income. These features support straightforward operations while preserving the type of courtyard setting that continues to resonate with renters in Culver City.

Westside Access Without Relying on One Corridor

11178 Culver sits near the intersection of Sepulveda Blvd and Culver Blvd, with immediate access to Washington Blvd and the surrounding mix of cafés, restaurants, fitness studios, and daily-use retail. Downtown Culver City and Mar Vista are a short bike ride from the property, while Marina del Rey is approx. 2.6 miles west.

This location works because residents are not dependent on one single commercial street. Culver Blvd, Washington Blvd, Sepulveda Blvd, Downtown Culver City, and nearby Mar Vista all contribute to the property’s day-to-day utility for tenants.

Culver City Employment That Supports Long-Term Leasing

Culver City continues to benefit from a strong employment base tied to media, technology, entertainment, and creative office users. Nearby operations associated with Sony, Amazon MGM Studios, Apple, and the broader production and post-production ecosystem continue to support rental demand throughout the surrounding Westside neighborhoods.

For 11178 Culver Blvd, that employment base reinforces the property’s long-term leasing profile and helps explain why well-located, appropriately priced multifamily assets in Culver City continue to draw investor attention.

Conclusion

11178 Culver Blvd offers a 22-unit Culver City multifamily asset where the revised pricing, current income, courtyard layout, and Westside location are all clearly defined. At $4,550,000, or $206,818 per unit, with a 6.42% CAP and 10.01 GRM on current rents, the property gives buyers meaningful scale in a submarket where larger multifamily offerings below $5M remain limited.

For investors looking at Culver City multifamily with income already in place, moderate rental upside, a classic courtyard layout, and proximity to major Westside employment and retail corridors, 11178 Culver presents a practical acquisition at a revised basis that better reflects today’s market.