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Listed by Don Karasevicz • Estate Properties
$ 2,900,000
Est. payment /mo
Active
12044 W Washington Boulevard Culver City, CA 90066
5,448 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 5,448 sqft
Price per Sqft $532
MLS Listing ID CRSB25173133
HOA Y/N No
Year Built 1953
Lot Size 8,321 Sqft
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
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. Att
Location
State CA
County Los Angeles
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Building
Water Public

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