UPDATED:
10/09/2024 06:44 PM
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 SB24208174
HOA Y/N No
Year Built 1950
Lot Size 6,128 Sqft
Property Description
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
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 Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Front Yard
Story 2
Sewer Unknown
Water Private
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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Crystal Trammell
REALTOR® | Mortgage Broker | License ID: 02147605
REALTOR® | Mortgage Broker License ID: 02147605