12044 W Washington Blvd - Office FOR SALE


Los Angeles, CA 90066- Culver-West
$3,200,000 USD
310-251-2593
12044 W Washington Blvd, Los Angeles, CA for Sale
$3,200,000 USD
Office - FOR SALE
1/9
null | Request Cap Rate

12044 W Washington Blvd
Los Angeles, CA 90066
Culver-West


HIGHLIGHTS

  • Gated on site parking.
  • Originally built a a 6 unit apartment building, can be converted back.

OVERVIEW

GREAT DEVELOPMENT OPPORTUNITY! Currently a 4-unit unused office building with proposed plans to reconvert it to its original configuration as 6 apartments. Proposed plans include 6 two bedroom apartments. Located directly across from a Kaiser medical facility, west of the 405 freeway, and close to Marina del Rey, the location is ideal. Extensive upgrades were done around 2006 to configure the property for postproduction offices for the entertainment industry, but technology advancements have reduced demand for that usage. There is plenty of on-site gated parking with 6 carports and additional uncovered parking + a storage room and lockers. An attractive & spacious landscaped patio provides a comfortable outdoors recreational area. Buyer is to verify any proposed development opportunities with the city. A ramp provides easy access to the first level units. The sale includes 2 parcels: APN 4032017004 & 4032017003 (where the approx. 700 sq. ft. carports are located) totaling approx. 8301 sq. ft. of land. Attached photo of carports (with garage doors) is virtual and not its current configuration.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$587 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C3

APN/PARCEL ID

4232-017-002,4232-017-003,4232-017-004

ASK ABOUT THIS PROPERTY

Don KaraseviczEstate PropertiesMore Info
310-251-2593

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Don KaraseviczEstate PropertiesMore Info
310-251-2593

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.