RTI – Build 21 Units in Palms by Culver City

Property Description

Partners CRE is proud to present for sale a 21 Unit Project in the Culver City-adjacent area of Los Angeles. The Project has been designed with special care to construction efficiencies, with no subterranean parking (though 8 parking spaces are included) and stacked units. Spread over six stories, the finished project should offer unobstructed views on all sides starting on the 3rd floor and up. The Project will be delivered Ready-to-Issue, with 14,730 SF of rentable space spread out over the 17 original units and 4 future ADUs. With 7 two bedroom and 14 one bedroom units, build it and the tenants will come to enjoy the sixth floor spacious open patio and tremendous benefits of this location. Sixteen units will have balconies, the units will share an elevator, and there will be one staircase at each end of the building. Two units are reserved for ELI tenants. A five minute walk to Downtown Culver City, Erewhon and The Culver Steps, the property is surrounded by shops, nightlife, casual and fine dining. Near Sprouts, Trader Joe’s, The Culver Theater, Equinox and just about anything else that a resident may want. Walk Score calls this area a Walker’s Paradise, Very Bikeable with Good Transit…just half a mile to the Exposition Metro Station. The area is a jobs center, with the Los Angeles-area headquarters for Amazon, Apple and HBO. The Project will be delivered with approved DWP P-Drawings and no encroachment interferences, valuable entitlement approvals have been received through the Specific Plan and CEQA process. Unique entitlements granted the Project reduced yards on all four sides, resulting in a larger buildable envelope.