12314 Washington Place
Culver City, CA 90066
0.14 acres | #SB24208174
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.
Property Details
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$2,088,000
- MLS #SB24208174
- Property SubtypeQuadruplex
- MLS #SB24208174
- Lot DescriptionFrontYard
- Sewer InformationUnknown
- Utility SourcePrivate
- Cost2088000
- Acres0.1407
- Year Built1950
- Stories2
- Parking Spaces4
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Lorraine Tan (#SBTANLORR)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#SB1310620)
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