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CBRE's Eric Chen and Joyce Goldstein finalized the sale of The Oliver, a mixed-use property in Culver City, for $29.25 million

Mixed-Use Culver City Property Trades for $780K Per Unit

CBRE finalized the sale of The Oliver, a mixed-use property with 30 multifamily units and 8,665 square feet of ground-floor retail in Culver City, for $29.25 million or $780,000 per unit. The firm’s Eric Chen and Joyce Goldstein represented the seller, Washington Marcasel Apartments, LP, and the buyer, Oliver Washington 88, LLC.

Located at 11955 W. Washington Blvd., the property was built in 2016 and features large one- and two-bedroom floorplans averaging 1,159 square feet. Ground-level retail includes Wall Street Pizza, Red Diamond Yoga, The Hive Beauty Collective and Pearl Dental.

“The Oliver is a highly desirable asset on the Westside,” said Chen. “As a result, the deal closed at one of the highest prices for comparable building sales in the area.”

Connect Orange County will take place Sept. 27, 2023 at VEA | Newport Beach Marriott in Newport Beach, concurrently with Connect Healthcare Real Estate on Sept. 27 and 28. Click here to register for Connect Orange County, and here to register for Connect Healthcare Real Estate.   


Inside The Story

CBRE's Chen

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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