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12006 Hammack Street Culver City, CA 90230
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Key Details
Sold Price $1,950,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,946 sqft
Price per Sqft $327
MLS Listing ID CRSB23049847
Sold Date 09/05/23
HOA Y/N No
Year Built 1959
Lot Size 7,398 Sqft
Acres 0.17
Property Description
12006-12012 Hammack St, Culver City is trophy asset, in an A+ location, with over 100% upside in rental income! Once units are rented for market, the property will operate at a 10.21% CAP and 7.69 GRM. This is the perfect opportunity for any investor looking for strong upside in one of the nicest neighborhoods on the Westside of Los Angeles. The property is comprised of two separate buildings, a fourplex and triplex, on one lot. The unit mix is comprised of (7) spacious 2Bed+1Bath units, with (1) unit being currently tenant ready. There are 8 parking spots on site, with plenty of street parking. The subject property is located just minutes from Downtown Culver City and Playa Vista, making it any renters ideal location to live. Many large tech companies have made home in local neighborhoods including Apple, HBO, Google, Sony, and Facebook.
Location
State CA
County Los Angeles
Area Culver City
Zoning LARD
Interior
Fireplace No
Laundry Inside
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 4220010033
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Bought with RamonCastro