Credit Karma latest Bay Area company to plant flag in Culver City

San Fran-based Credit Karma is opening a new office at LBA Realty’s One Culver

Credit Karma CEO Kenneth Lin
Credit Karma CEO Kenneth Lin

Consumer finance company Credit Karma is the latest Silicon Valley firm to set up shop in Culver City.

The San Francisco firm will lease an 18,500-square-foot office at LBA Realty’s One Culver project at 10000 Washington Boulevard, according to the Los Angeles Business Journal. Credit Karma joins WeWork and may soon be joined by Apple at the complex.

As of January, Apple was in talks to lease 150,000 square feet of the roughly 363,000-square-foot office building. Early last year Apple signed for all of Lincoln Property Company’s 128,000-square-foot office complex nearby at 8777 Washington Boulevard. The company plans to have 1,000 employees working in Culver City by 2022.

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Credit Karma’s lease is for seven years. The company has employed people in the L.A. area since 2016. It now has 50 staffers in L.A., including out of a Venice office and at some WeWork locations. The One Culver location can accommodate up to 115 employees.

The office has an open floor plan. Amenities include a massage room, library and a games area.

Popular fitness club Equinox also has a club at LBA’s building.

The fourth quarter of 2018 saw major tech companies lease 1.6 million square feet of office space in L.A. The rapid pace has some worried that a correction is looming. [LABJ]Dennis Lynch