In the competitive landscape of Los Angeles commercial real estate, sometimes the best deals never see the open market. That was the case for a two-building office property at 5813-5835 Washington Boulevard in Culver City, where a quiet off-market transaction led to a $11.35 million sale, and offered a glimpse into how savvy investors are approaching office assets in today’s evolving environment.
The 11,800-square-foot property, positioned on a 22,358-square-foot lot along one of Culver City’s key corridors, had all the hallmarks of an attractive long-term investment. Beyond stable rental income from an existing e-commerce tenant, the site offered a rare “covered land play,” delivering immediate cash flow with the future potential for redevelopment. Given Culver City’s continued evolution as a creative and tech hub, it’s no surprise the site attracted interest from buyers looking beyond traditional value metrics.
Represented by Saxum West, the seller, a local real estate investor and business owner, opted for a targeted off-market approach rather than a public listing. This strategy allowed for a faster, more discreet transaction, connecting the property directly with a buyer already active in the market: Redcar Properties Ltd., represented in-house by Richard Maloof.
While off-market deals aren’t new to Los Angeles, they’re becoming increasingly strategic in tight submarkets like Culver City. Investors willing to move decisively, and brokers with direct pipelines to qualified buyers, often find better terms and faster closes outside the glare of public listings.
The $11.35M Culver City office sale, which achieved $962 per square foot based on building size, underscores two key dynamics shaping today’s market: buyers’ appetite for redevelopment opportunities and the value premium on walkable, amenity-rich urban locations. Situated minutes from Ivy Station, the Culver Steps, the Metro E Line, and major employers like Amazon Studios and Apple, the property’s future potential clearly factored into the ultimate sale price.
You can view the full case study and transaction overview on Saxum West’s website: Read the full Success Story here.
In a market where timing, connections, and foresight often matter as much as price per square foot, this off-market Culver City office sale transaction shows how strategy, not just inventory, continues to drive opportunity.
Image Source: oldhickory49, CC BY-SA 2.0 <https://creativecommons.org/licenses/by-sa/2.0>, via Wikimedia Commons