Saxum West closed an $11.35 million off-market sale of an entire city block at 5813–5835 Washington Blvd in Culver City. This transaction was a covered land play that highlights ongoing investor demand for strategically-located properties in Culver City, one of Los Angeles’ most competitive submarkets.
-- Saxum West completed the off-market sale of 5813–5835 Washington Blvd, a two-building commercial office property located in the heart of Culver City, California. The transaction closed at $11.35 million and involved a combined 11,800 square feet of office space situated on a 22,358-square-foot lot along one of the city’s most active commercial corridors. The property currently serves as the HQ of a successful e-commerce business.
For full transaction details, read the complete case study on the Saxum West website here.
Joe Bolognese of Saxum West represented the seller, who is a local business owner and real estate investor, while the buyer, Redcar Properties Ltd., was represented in-house by Richard Maloof. The property sold off-market at a price of $962 per building square foot and $508 per land SF.
Saxum West facilitated the deal without marketing it publicly, offering the buyer direct access to a phenomenal long-term investment and redevelopment opportunity that never reached the open market.
Property Overview:
- Property Type: Office (covered land play)
- Location: 5813–5835 Washington Blvd, Culver City, CA
- Square Footage: 11,800 SF
- Lot Size: 22,358 SF
- Sale Price: $11,350,000
- Price Per Bldg SF: $962
- Price Per Land SF: $508
- Brokers: Joe Bolognese (Seller rep), Richard Maloof (Buyer rep)
- Transaction Type: Sale, Off-market
The property’s location provides immediate access to the 10 Freeway, Metro E Line, and other major Westside commuter routes. Tenants benefit from proximity to Whole Foods, The Platform, Culver Steps, Ivy Station, and the broader downtown Culver City commercial and cultural core. Cafés, restaurants, fitness studios, and creative employers like Amazon Studios, Apple, and Sony Pictures surround the area. The walkable nature of the neighborhood and ongoing development continue to attract long-term investor interest in Culver City office space.
The off-market nature of the transaction allowed both parties to proceed without public marketing, minimizing exposure and streamlining negotiations. In a submarket where investor demand remains high and supply remains limited, properties like this with strong location fundamentals continue to draw attention from buyers focused on long-term stability and appreciation.
About Saxum West
Saxum West is a Los Angeles-based commercial real estate firm offering brokerage and debt placement services across Southern California. With over 35 years of experience, the firm represents investors, developers, landlords, tenants, and business owners in the acquisition, disposition, and leasing of office, industrial, retail, multifamily and land assets. Saxum West also arranges debt and structured financing through a broad network of bridge lenders, debt funds, private investors, banks, credit unions, and life insurance companies. The firm has completed over 1,300 debt transactions and 280 commercial sales and lease deals, with more than $1 billion in financing volume and $225 million in closed sales.
About the company: US Commercial Lending News delivers expert reporting and industry analysis across commercial real estate, lending, banking, finance, and investment sectors. From interest rate trends to major acquisitions and market-shaping technologies, our coverage connects decision-makers to the insights that drive the future of business and investment.
Contact Info:
Name: Ed Winslow
Email: Send Email
Organization: US Commercial Lending
Address: 135 West 36th Street, New York, NY 10018, United States
Phone: 203-912-7244
Website: https://uscommerciallending.com/culver-city-office-sale-11m-investment/
Release ID: 89158799
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