- May 28, 2025
A prime retail property located at 10844 Washington Boulevard in Culver City sold for $4.45 million in a private transaction that reflects the ongoing strength of one of Los Angeles’ most competitive real estate submarkets. The 7,100-square-foot building, positioned along a high-traffic commercial corridor with daily counts exceeding 29,000 vehicles, offers exceptional street visibility, walkability, and access to major transit routes.
Saxum West represented the buyer, Josetta Sbeglia, in the acquisition. The deal closed at approximately $626 per square foot and highlights continued investor demand for well-located, versatile storefront retail assets in dense, amenity-rich urban neighborhoods. Greg Eckhardt of PAR Commercial Brokerage represented the seller, Diane Bloomer, in the transaction.
Culver City Retail Sale Overview: 10844 Washington Blvd
- Property Type: Retail (Storefront/Office)
- Location: 10844 Washington Blvd, Culver City, CA
- Square Footage: 7,100 SF
- Sale Price: $4,450,000
- Price Per SF: $626
- Buyer: Josetta Sbeglia
- Seller: Diane Bloomer
- Buyer’s Representative: Joe Bolognese (Saxum West)
- Seller’s Representative: Greg Eckhardt (PAR Commercial Brokerage)
Built in 1960, the property offers a 2.54/1,000 SF parking ratio with ample metered street parking and sits less than a mile west of Downtown Culver City, which is a renowned destination for high-profile retail and office tenants such as Apple, Sony, Amazon Studios, and Erewhon. The site provides convenient access to multiple Expo Line Metro stations, including Palms and Culver City Stations, both within a four-minute drive. Its strategic location places it close to Whole Foods, downtown Culver City’s retail core, Ivy Station, and the Helms Design District.
Culver City retail sale opportunities with strong frontage and future redevelopment potential remain scarce, making this transaction a strategic move for investors focused on long-term value creation. Saxum West continues to guide clients through competitive urban markets, connecting them with opportunities that combine current cash flow with future upside potential.
As market competition for urban retail assets intensifies, Saxum West remains a trusted partner for investors navigating acquisitions, redevelopment plays, and strategic dispositions across Los Angeles. For more information on current opportunities or to discuss your investment goals, contact our team at (310) 595-9000.
