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9/01/23
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The Oliver, a mixed-use property with 30 multifamily units and 8.7k sf of ground-floor retail space in Culver City, recently traded hands for $29.25 mil, or $780k per unit. Built in 2016, the property is located at 11955 W. Washington Blvd, at the intersection with Inglewood Blvd.
The Oliver features large one- and two-bedroom floorplans averaging 1.2k sf. Unit amenities include in-unit washers and dryers, quartz countertops, stainless steel appliances, balconies or patios, and high-end finishes throughout. Community amenities include green building design features, controlled access, rentable storage spaces, and an underground garage with 90 spaces. Ground-level retail includes Wall Street Pizza, Red Diamond Yoga, The Hive Beauty Collective and Pearl Dental.
The property provides easy access to the 10, 90 and 405 freeways connecting to Los Angeles, Ventura and Orange Counties. It’s also within walking distance of numerous restaurants, salons and fitness facilities, and within 10 minutes of the Metro Expo station, downtown Culver City, Marina Del Rey, Venice Beach and the Los Angeles International Airport.
CBRE’s Eric Chen and Joyce Goldstein represented the seller, Washington Marcasel Apartments LP, and the buyer, Oliver Washington 88 LLC, in the transaction.
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