$ 2,088,000
12314 Washington Place Culver City, CA 90066
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Listed by Lorraine Tan • Lyon Stahl Investment Real Estate, Inc.
$ 2,088,000
Est. payment /mo
Active
12314 Washington Place Culver City, CA 90066
3,488 SqFt
UPDATED:
10/10/2024 02:29 AM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,488 sqft
Price per Sqft $598
MLS Listing ID CRSB24208174
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1950
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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
Building
Lot Description Front Yard
Water Private
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