12320 Washington Pl PL Active

Culver City,CA 90066

$ 2288000

- Bed

- Bath

3550 SqFt


Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,550 sqft

Price per Sqft $644

MLS Listing ID SB24208238

HOA Y/N No

Year Built 1950

Lot Size 6,346 Sqft

Property Description

We are pleased to present the opportunity to acquire 12320 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 12314 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.

12320 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 C28 - Culver City

Rooms

Ensuite Laundry None

Interior

Laundry Location None

Fireplace No

Laundry None

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Biking

Total Parking Spaces 4

Private Pool No

Building

Lot Description Front Yard

Story 2

Sewer Unknown

Water Public

New Construction No

Others

Senior Community No

Tax ID 4232006010

Acceptable Financing Cash to Existing Loan,Cash to New Loan

Listing Terms Cash to Existing Loan,Cash to New Loan

Special Listing Condition Standard

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