5455 Inglewood Blvd Case Study
Culver City, CA (Playa Vista-adjacent)
The Opportunity
5455 Inglewood Boulevard was an opportunity to represent a buyer on an off-market, brand-new 13-unit apartment building directly adjacent to Playa Vista. Completed in 2017, the asset was underleased 15–20% below market, in a neighborhood benefiting from nearby Silicon Beach tech employers.
The Solution
We used our relationships and market knowledge to secure early access to this off-market opportunity, working directly with the seller and his partners ahead of any broader market exposure.
The Results
We negotiated favorable pricing while leasing 11 of the 12 market-rate units before closing, demonstrating our buyer’s financial strength and ability to close with certainty, which won the seller’s confidence over other offers.
See the full closed sale record for 5455 Inglewood Blvd.
If You Are in a Similar Situation
Buying an apartment building
Buyers do best with a broker who knows the submarket and the rules that apply to each building. See our market update for current prices and cap rates, and our guide to how to choose a multifamily broker.
Frequently Asked Questions
How much did 5455 Inglewood Blvd sell for?
5455 Inglewood Blvd (Culver City, CA (Playa Vista-adjacent)) sold for $7,880,000. The building has 13 units, or about $606,154 per unit, and about $527 per square foot of building area.
What happened in the sale of 5455 Inglewood Blvd?
Buyer representation on an off-market, newly built 13-unit Culver City asset near Silicon Beach, closed with certainty via a pre-close lease-up.
Can Highlight help me sell a similar building?
Yes. We advise apartment owners across the Los Angeles area on sales, 1031 exchanges, and trust and probate sales. Start with a free, confidential Broker Opinion of Value, or see our other case studies and closed sales.