12467 W Washington Blvd - Storefront Retail/Office FOR SALE


Los Angeles, CA 90066- Culver-West
$1,500,000 USD
818-312-3120
12467 W Washington Blvd, Los Angeles, CA for Sale
$1,500,000 USD
Storefront Retail/Office - FOR SALE
1/12
null | Request Cap Rate

12467 W Washington Blvd
Los Angeles, CA 90066
Culver-West


HIGHLIGHTS

  • Approved seven-key R-1 boutique micro-hotel
  • Permits in hand for building expansion
  • Fully entitled project ready for construction
  • Seven private en-suite guest rooms
  • Self check-in technology for a lean operating model
  • Projected ten percent cap rate at seventy percent occupancy

OVERVIEW

Approved 7-key R-1 boutique micro-hotel in prime Culver City. Currently 1,398 SF, with permits in hand to expand to 1,615 SF. Entitled, designed, ready to build. Steps to Culver Commons, Sony Studios, dining, and shopping. Seven private en-suite rooms with self check-in for a lean operating model. Offered at $1,500,000, projecting a 10% cap rate at 70% occupancy.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$929 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,580 SF

ZONING

Mixed Use Corridor 1

APN/PARCEL ID

4231-003-001

ASK ABOUT THIS PROPERTY

Elliot SchwartzIndustry PartnersMore Info
818-312-3120

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Elliot SchwartzIndustry PartnersMore Info
818-312-3120

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