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12320 Washington Pl

Culver City, CA 90066
  • $2,050,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 22-118329
UPDATED: 86 min ago
$2,050,000
  • 8
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,550
    SQFT
  • $577
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:

School Ratings & Info

Description

Rarely offered, two neighboring four-unit buildings adjacent to the heart of fashionable Culver City being sold together or separately! The unit mix consists of four two-bedroom apartments in each property. While each unit maintains unique finishes, they each share original 1950s oak wood floors. These sister properties share a center courtyard with a mature, fruit-bearing lemon tree to complete the refreshing SoCal aesthetic. Single car garages pepper the back alley. Currently, all units are occupied; of special note is the high rental demand and 40% upside in current rents. Full of promise and potential, these R4-Zoned pair of buildings are close to the trendiest of restaurants and shopping on the Westside of L.A. while also being moments from freeway access and the Pacific Ocean. This property is a tremendous opportunity for an investor to purchase a value add asset or a developer to maximize the site. Competitive residential financing available as well.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-26T20:42:45.05. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/124734266
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12320 Washington Pl Culver City, CA 90066

  • Price: $2,050,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 86 min ago
  • MLS #: 22-118329
8
Beds
0
Baths
0
½ Baths
0.15
Acres
3,550
SQFT
$577
$/SQFT
1950
Built
Neighborhood:
Culver City
County:
Los Angeles
Area:
Culver City
Property Description
Rarely offered, two neighboring four-unit buildings adjacent to the heart of fashionable Culver City being sold together or separately! The unit mix consists of four two-bedroom apartments in each property. While each unit maintains unique finishes, they each share original 1950s oak wood floors. These sister properties share a center courtyard with a mature, fruit-bearing lemon tree to complete the refreshing SoCal aesthetic. Single car garages pepper the back alley. Currently, all units are occupied; of special note is the high rental demand and 40% upside in current rents. Full of promise and potential, these R4-Zoned pair of buildings are close to the trendiest of restaurants and shopping on the Westside of L.A. while also being moments from freeway access and the Pacific Ocean. This property is a tremendous opportunity for an investor to purchase a value add asset or a developer to maximize the site. Competitive residential financing available as well.
Exterior Features

Entry Location Living Room Levels Two Lot Description Fenced YardFront YardAlley PavedLot Shape-RectangularSidewalks Lot Location Alley Access Lot Size Area 6346 Other Structures None Parking Garage Garage Patio Features Patio OpenPorch - FrontPorch - Rear Pool Description None Pool YN No Spa None Spa YN No Style Colonial Total Parking 4 View Description None View YN No Water Frontage None

Interior Features

Baths Total 4.00 Cooling None Den No Dining Room No Equipment None Family Room No Fireplace Rooms None Flooring CarpetHardwoodLaminateLinoleumMixedTile Heating Floor Furnace Laundry None Rooms Dining AreaLiving RoomPatio Open

Property Features

Assessed Total Value 109462 Gross Income 84000 Gross Operating Income 81480 Like Units1 2 Like Units2 1 Like Units3 1 Net Operating Income 35115.00 Number Of Buildings 1 Number Of Units 4 Property Condition Fixer Sale Type Standard Security Features Gated Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays Electricity Total Annual Expense 46365 Type Of Units Aparments Water Public Year Built Source Assessor

Listing provided courtesy of Stephanie Younger DRE#01365696 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-26T20:42:45.05. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253