- Success Stories
- April 28, 2025
Saxum West recently represented the Seller in an $11.35 million sale of a two-building office asset on an entire city block, ideally positioned in the heart of Culver City—one of LA’s most dynamic office submarkets. This case highlights the firm’s deep experience in navigating complex commercial transactions and delivering high-value outcomes for both buyers and sellers.
With Culver City’s continued evolution as a hub for media, tech, and creative industries, its local office market has remained resilient. In this transaction, although the value of the existing office building and its strong rental income were primary drivers, it was ultimately a covered land play in which the buyer is banking on the future redevelopment potential of the site. The future appeal of the land is undeniable given its location, ingress/egress possibilities, and proximity to key amenities.
Deal Overview — 5813–5835 Washington Blvd
Saxum West facilitated the off-market sale of this 11,800-square-foot office property, situated on a 22,358-square-foot lot along one of Culver City’s most active commercial corridors. The asset, consisting of two standalone buildings that serve as the HQ of a successful e-commerce business, appealed to a local office developer seeking stable returns in the interim with future redevelopment potential in the long-term.
The sale closed at $11.35 million at a price of $962 per building square foot and $508 per land SF. Joe Bolognese of Saxum West represented the seller, a local business owner and real estate investor, while the buyer—Redcar Properties Ltd.—was represented in-house by Richard Maloof.
- Property Type: Office
- Location: 5813–5835 Washington Blvd, Culver City, CA
- Square Footage: 11,800 SF
- Lot Size: 22,358 SF
- Sale Price: $11,350,000
- Brokers: Joe Bolognese, Richard Maloof
- Asset Summary: Covered land play with e-commerce tenant, located along a key corridor in Culver City, offering long-term investment potential in one of LA’s most desirable submarkets.
Why Culver City Is a Good Choice for Long-Term Investment
With a growing reputation as one of LA’s most creative and business-friendly neighborhoods, Culver City continues to attract buyers seeking stable, long-term investments. The area’s transformation from a historic entertainment hub to a modern-day magnet for tech, media, and design companies has fueled strong demand for high-visibility office properties like 5813–5835 Washington Blvd.
This two-building asset sits along a heavily traveled stretch of Washington Blvd., surrounded by walkable amenities, emerging businesses, and residential density that supports daytime traffic and workforce access.
Location Advantages:
- Easy access to the 10 Freeway, Metro E Line, and major commuter corridors
- Minutes from the Culver Steps, Ivy Station, and downtown Culver City’s vibrant dining scene
- Surrounded by national employers including Apple, Amazon Studios, and Sony Pictures
- Walkable to Whole Foods, cafés, restaurants, fitness studios, and the Culver City Farmers Market
- Dense residential base offering a strong live/work/play environment
Culver City Lifestyle & Tenant Appeal
Culver City continues to rank among Los Angeles’ most sought-after submarkets for creative and professional office users. The neighborhood blends urban convenience with a walkable, design-forward lifestyle that appeals to companies focused on talent retention and brand image.
The area surrounding 5813–5835 Washington Blvd delivers a high concentration of amenities, cultural experiences, and transit options—all of which contribute to strong tenant demand and long-term leasing potential.
Lifestyle Highlights:
- Surrounded by standout restaurants like Destroyer, Margot, and Mizlala West Adams
- Minutes from Platform LA, Culver Steps, and the Helms Design District
- Weekly Culver City Farmers Market and walkable café culture
- Close to Equinox, yoga studios, and boutique fitness destinations
- Seamless access to Metro E Line, major freeways, and bike-friendly corridors
Culver City’s unique combination of location, lifestyle, and business access continues to drive interest from media, tech, and professional service tenants seeking long-term headquarters space.
Culver City Office Sale: Off-Market Success with Saxum West
The successful off-market sale of 5813–5835 Washington Blvd demonstrates Saxum West’s ability to identify and execute strategic opportunities in LA’s most competitive submarkets. By leveraging deep market knowledge, strong relationships, and tailored advisory, the team delivered a win-win outcome for both buyer and seller—without ever going to market.
Whether you’re evaluating your next investment, repositioning a portfolio, or looking to acquire office space in Culver City or beyond, Saxum West offers the insight and experience to guide your next move.
Contact us today to learn how we help clients navigate high-value commercial real estate transactions with confidence.