12
See all 12 photos
$2,900,000
Est. payment /mo
8,319 Sqft Lot
Price Dropped by $300K
12044 W Washington BLVD Culver City, CA 90066
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25173133
HOA Y/N No
Year Built 1953
Lot Size 8,319 Sqft
Property Sub-Type Multi Family
Property Description
GREAT DEVELOPMENT OPPORTUNITY! Currently a 4-unit office building with proposed plans to return it to its original configuration as 6 apartments. Those plans include 6 two bedroom apartments with gated on-site parking including 6 carports & additional uncovered parking. Ideally located directly across from a Kaiser medical facility, west of the 405 freeway, and close to Marina del Rey. Over $320,000 in improvements were made in 2007 upgrading electrical, plumbing, mechanical, and other infrastructure throughout the property, converting the property into four postproduction offices for the entertainment industry. Technology advancements have since reduced demand for that usage. Those improvements can significantly offset the cost of restoring the property to 6 residential units. In the attached supplements is a list of expenditures for the upgrades performed. A first floor entry ramp provides easy access – great for occupants with mobility limitations. An attractive & spacious landscaped patio provides a comfortable outdoors recreational area. There are 6 Ring security cameras around the property, 2 storage rooms and 6 lockers. The sale includes 2 parcels: APN 4032017004 & 4032017003 (where the approx. 700 sq. ft. carports are located), totaling approx. 8301 sq. ft. of land. Attached photo of carports (with garage doors) is virtual and not its current configuration. Buyer is to verify any proposed development opportunities with the city.
Location
State CA
County Los Angeles
Area C28 - Culver City
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry Inside
Exterior
Fence Block, Wood
Roof Type Composition
Building
Lot Description Level
Story 2
Water Public
Others
Tax ID 4232017004
Security Features Security System,Security Lights
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Trust
Listed by Don Karasevicz Estate Properties 310-251-2593
GET MORE INFORMATION
QUICK SEARCH