11867 Jefferson Boulevard, Culver City, CA 90230 (MLS # 25520179)

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PRICE $15,500,000 BEDS n/a BATHS 0 HOME SIZE n/a LOT SIZE 12,502 sqft Request More Info Schedule a Showing

We are proud to presents 11867 Jefferson Blvd, a partially completed 17-home luxury condominium development located just minutes from Playa Vista, Culver City, and Marina Del Rey. Rising four stories over one level of subterranean parking, this Westside property offers a rare opportunity for a developer to take over a well-executed project with a strong foundation already in place and bring it across the finish line.The development is approximately 70% physically complete, with major structural and exterior work already done. The building is fully framed and weather-sealed, the foundation and subterranean garage have been poured, and rough-in work for plumbing, electrical, fire sprinklers, and HVAC systems is nearing completion. Partial drywall installation is underway, and cabinets have already been ordered and are ready for installation. All plumbing fixtures have been delivered, and appliances are on site and ready for installation. Flooring and tile selections have been finalized and are ready to ship within one week.All necessary plan check approvals and department clearances have been secured, and the building permit (issued in late 2021) remains active and in good standing. Dozens of building inspections have already been completed, and the project is now progressing toward final trades and inspections. The Certificate of Occupancy remains pending and will be issued upon project completion.The next phase of work is focused on completing drywall, installing interior finishes, and wrapping up the remaining exterior work. Approximately $4.8 million in construction costs remain, covering items such as drywall, cabinetry, countertops, flooring, paint, light fixtures, and final plumbing and electrical connections. Exterior tasks still to be completed include siding, stucco, gutters, concrete flatwork, landscaping, and final detail work such as signage and mailboxes. Elevator installation, solar, and other building systems also remain in the final stretch of construction.When finished, the property will include eight two-bedroom, three-bath condominiums averaging 1,177 square feet, and nine three-bedroom, four-bath condominiums averaging 1,679 square feet, for a total of 24,523 sellable square feet. Each home features private balconies, open floorplans, in-unit laundry, and is designed to meet the demands of today's Westside condominium buyers.This is not an apartment projectthe property is being developed as for-sale condominiums, and the condo conversion process is already in motion. All major documentation has been submitted to the City and the Department of Real Estate, including the Subdivider's Statement, City Planning Application, and draft CCRs. A professional team is already in place to support the buyer through the remaining approval process.With strong nearby condo comps supporting an estimated sellout value of approximately $27,000,000, this offering presents a compelling opportunity to step into a high-demand Westside market, bypass the entitlement and early construction risk, and complete a boutique, elevator-served luxury condominium project with meaningful upside.