Culver City, CA 90066,12314 Washington Place
Culver City, CA 90066,12314 Washington Place
Culver City, CA 90066,12314 Washington Place
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$2,088,000
Est. payment /mo
8 Beds
4 Baths
6,130 Sqft Lot
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UPDATED:

12/03/2024 04:41 PM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24208174

Bedrooms 8

HOA Y/N No

Lot Size 6,130 Sqft

Property Description

We are pleased to present the opportunity to acquire 12314 Washington Place. This building is located within the border of Culver City adjacent to Marina Del Rey, Venice, Mar Vista, and Playa Vista. It benefits from proximity to major employment centers, transportation hubs, restaurants, and recreational amenities. This building can be purchased together with 12320 Washington Place. Both two story buildings consist of all two-bed, one-bath unit with a shared courtyard space. There is a four-car garage behind each building. The Seller has RTI plans to build one (1) two bed-two bath 900 SF ADU on each parcel above the garages. The property is separately metered for gas and electricity, ensuring efficiency and control over utilities. 12314 Washington Place is a prime investment opportunity with tons of upside and a great purchase for an owner-user. If bought together, both buildings will operate north of 6% caps once stabilized with ADUs. Steps away from major establishments including Erewhon, Culver Steps, Apple, Sony Picture Studios, Washington Place offers any investor or owner-user an exciting opportunity to own in one of Los Angeles desirable neighborhoods.
We are pleased to present the opportunity to acquire 12314 Washington Place. This building is located within the border of Culver City adjacent to Marina Del Rey, Venice, Mar Vista, and Playa Vista. It benefits from proximity to major employment centers, transportation hubs, restaurants, and recreational amenities. This building can be purchased together with 12320 Washington Place. Both two story buildings consist of all two-bed, one-bath unit with a shared courtyard space. There is a four-car garage behind each building. The Seller has RTI plans to build one (1) two bed-two bath 900 SF ADU on each parcel above the garages. The property is separately metered for gas and electricity, ensuring efficiency and control over utilities. 12314 Washington Place is a prime investment opportunity with tons of upside and a great purchase for an owner-user. If bought together, both buildings will operate north of 6% caps once stabilized with ADUs. Steps away from major establishments including Erewhon, Culver Steps, Apple, Sony Picture Studios, Washington Place offers any investor or owner-user an exciting opportunity to own in one of Los Angeles desirable neighborhoods.

Location

State CA

County Los Angeles

Area Los Angeles (90066)

Zoning Assessor

Building

Lot Description Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Others

Space Rent $1,930


Read Less Info
San Diego Regional MLS (SDMLS)
Listed by Lorraine Tan • Lyon Stahl Investment Real Estate, Inc.

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12314 Washington Place