Updated Jun 30, 2026
Greystar Sells Access Culver City Mixed-Use Property For $106 Million With Newmark As The Broker
8770 Washington Boulevard
$106,000,000
Units
115
Asset Type
Mixed-use
Closing
Jun 29, 2026
About this deal
AI
The property involved in this transaction is a mixed-use asset located at 8770 Washington Boulevard in Culver City, California. It comprises 115 apartment units and features 30,908 square feet of fully leased ground-floor retail space. The transaction was completed for a total value of $106 million, making it a notable sale in the local market.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $106,000,000
- Units: 115
- Price Per Unit: $921,739
- Seller: Bob Faith - Greystar
- Broker: Newmark
Bob Faith represented Greystar in the sale of Access Culver City, marking a significant transaction as it represents the largest multifamily sale in Culver City's history. Newmark acted as the brokerage firm representing the seller in this deal.
On the Map
$106,000,000
Mixed-use
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Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93