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12320 Washington Place Culver City, CA 90066
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Key Details
Sold Price $1,755,000
Property Type Other Types
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 3,550 sqft
Price per Sqft $494
MLS Listing ID CL22118329
Sold Date 04/15/22
Bedrooms 6
HOA Y/N No
Year Built 1950
Lot Size 6,346 Sqft
Acres 0.15
Property Description
Rarely offered, two neighboring four-unit buildings adjacent to the heart of fashionable Culver City being sold together or separately! The unit mix consists of four two-bedroom apartments in each property. While each unit maintains unique finishes, they each share original 1950s oak wood floors. These sister properties share a center courtyard with a mature, fruit-bearing lemon tree to complete the refreshing SoCal aesthetic. Single car garages pepper the back alley. Currently, all units are occupied; of special note is the high rental demand and 40% upside in current rents. Full of promise and potential, these R4-Zoned pair of buildings are close to the trendiest of restaurants and shopping on the Westside of L.A. while also being moments from freeway access and the Pacific Ocean. This property is a tremendous opportunity for an investor to purchase a value add asset or a developer to maximize the site. Competitive residential financing available as well.
Location
State CA
County Los Angeles
Area Listing
Interior
Heating Floor Furnace
Cooling No Air Conditioning
Flooring Laminate, Tile, Carpet, Wood
Fireplace No
Laundry No Hookups
Exterior
Exterior Feature Front Yard
View Y/N false
View None
Parking Type Other
Total Parking Spaces 4
Building
Lot Description Other, Front Yard
New Construction No
Others
Tax ID 4232006020
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Bought with MaryamMajnoonian