Contacts

Lance Mordachini

Progressive Real Estate Partners

Property Details

Property Type Retail - Strip
Property Size 14,509 SF
Units 10
Lot Size 0.73 Acre
Building Class B
Date Updated Sep 4, 2026

4901 - 4929 Sepulveda Blvd., Culver City, CA 90230Progressive Real Estate Partners is pleased to present the opportunity to acquire 4901–4929 Sepulveda Boulevard, Culver City, an irreplaceable infill multi-tenant retail center in Los Angeles. The Property features below-market in-place rents averaging $2.91/SF/month, ±18 years of average tenant tenure, NNN lease structures and highly leasable 800–2,500 SF shop spaces within a supply-constrained retail market with just 3.19% vacancy among spaces below 3,000 SF within a one-mile radius. The Property is surrounded by a dense and affluent customer base, with 32,321 residents and an average household income of $184,533 within one mile, expanding to 123,948 residents and $176,863 average household income within two miles. Located at the signalized intersection of Sepulveda Boulevard and Lucerne Avenue, the Property benefits from prominent pylon signage and exposure to ±30,760 vehicles per day.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

±18-Year Average Tenant Tenure Existing tenants average approximately 18 years at the Property, including five tenants with more than 20 years of occupancy.
3% Annual Rent Increases Seven of eight existing tenants feature 3% annual rent increases, providing consistent contractual rent growth.
Below-Market Rents In-place rents average $2.91/SF/month, well below average asking rents for shop spaces below 3,000 SF of $3.95/SF within a one-mile radius and $4.27/SF within a two-mile radius. (CoStar)
Culver City Investment & Growth With a Culver City address, the Property benefits from continued investment and growth within a major employment, media and technology hub anchored by Apple, Amazon, Sony Pictures Entertainment and TikTok.
Dense & Affluent Trade Area More than 32,321 residents with an average household income of $184,533 within one mile, expanding to 123,948 residents and $176,863 average household income within two miles.
E-Commerce-Resistant Service Tenant Mix Local service-oriented businesses rely on physical locations and direct customer interaction, providing greater insulation from e-commerce competition.
Highly Leasable 800-2,500 SF Shop Spaces Smaller suite sizes appeal to a broad range of neighborhood retailers and service businesses, providing a larger replacement-tenant pool upon rollover.
Limited New Retail Supply Less than 3,500 SF of retail is currently under construction within a three-mile radius. (CoStar)
NNN Lease Structures Offer Reduced Inflationary Exposure Tenants reimburse ownership for property taxes, insurance and common area maintenance, limiting exposure to rising operating expenses.
Signalized Sepulveda Blvd Location ±30,760 CPD Located at the signalized intersection of Sepulveda Boulevard and Lucerne Avenue, with prominent pylon signage and exposure to approximately 30,760 vehicles per day.
Staggered Lease Expirations Offer Reduced Rollover Exposure Existing tenant lease expirations are spread from 2028 through 2032, limiting concentration of lease rollover in any single year.
Strong Customer Validation 4.18-Star Average Property tenants maintain an average Google rating of 4.18 stars, reflecting positive customer acceptance.
Supply-Constrained Small-Shop Market Vacant retail shop spaces below 3,000 SF represent just 3.19% of total retail inventory within a one-mile radius, demonstrating limited availability of competing small-shop space. (CoStar)