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Listed by Don Karasevicz • Estate Properties
$ 2,700,000
Est. payment /mo
Price Dropped by $200K
12044 W Washington BLD Culver City, CA 90066
8,321 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25172609
Year Built 1953
Lot Size 8,321 Sqft
Source California Regional MLS
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. 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. Ideally located directly across from a Kaiser medical facility, west of the 405 freeway, and close to Marina del Rey.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. Atta
Location
State CA
County Los Angeles
Area C28 - Culver City
Interior
Heating Forced Air
Cooling Central AC
Flooring Laminate
Laundry Other
Exterior
Parking Features Storage - RV, Carport , Gate / Door Opener, Other
Garage Spaces 10.0
Pool 31, None
Roof Type Composition
Building
Water District - Public
Others
Tax ID 4232017004
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