Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSB24208238
MLS Source
California Regional MLS
Days on Site
76
Interior Features
Laundry
None
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 4 Car(s)
Contact Information
Listing Agent
Lorraine Tan
Lyon Stahl Investment Real Estate, Inc.
License #: 01971639
Phone: (909) 618-2352
Co-Listing Agent
Christopher Van Vuuren
Lyon Stahl Investment Real Estate, Inc.
License #: 02060007
Phone: (424) 220-8960
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
12320 Washington Pl Pl is a Residential Income in Culver City, CA 90066. This – square foot property sits on a 6,346 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,288,000 and was built in 1950. This address can also be written as 12320 Washington Pl Pl, Culver City, CA 90066.
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This listing information is up-to-date as of December 03, 2024. For the most current information, please contact Lorraine Tan, (909) 618-2352
