12592 Washington Pl - Apartments FOR SALE


Los Angeles, CA 90066- Culver-West
$3,750,000 USD
310-968-5303
12592 Washington Pl, Los Angeles, CA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/34
null | Request Cap Rate

12592 Washington Pl
Los Angeles, CA 90066
Culver-West


HIGHLIGHTS

  • Rare 10-Unit Building that can be delivered Vacant – reposition immediately and capture full market rents
  • Excellent Unit Mix – (6) 2BR/1BA units + (4) 1BR/1BA units
  • Potential for Multiple ADUs (Buyer to verify) – meaningful unit count and income upside
  • Prime Culver City Jurisdiction – access to Culver City services, schools, and planning advantages
  • Separately Metered for Gas & Electricity – reduces operating costs
  • Surrounded by Major Employment Hubs – Sony, Amazon, Apple, HBO, and creative office campuses

OVERVIEW

Jonathan Taksa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is proud to present an exceptionally rare 10-unit multifamily offering located at 12592 Washington Place, positioned within the highly desirable Culver City jurisdiction. Opportunities of this scale—especially those that have the potential to be delivered completely vacant—are exceedingly scarce in this submarket, making this an extraordinary acquisition for investors, owner-users, and developers alike. The property features an outstanding unit mix of six (6) two-bedroom/one-bath units and four (4) one-bedroom/one-bath units, providing an ideal balance of spacious, highly rentable floorplans. Each unit is separately metered for gas and electricity, allowing a future owner to minimize operating expenses and enhance overall NOI. With on-site parking, strong layouts, and the ability to reposition the entire asset from day one, this is a blank canvas where an investor can implement a complete renovation strategy, achieve market rents, and maximize long-term value. Adding to the appeal, the site offers potential to add multiple ADUs (Buyer to verify), giving investors the opportunity to meaningfully increase unit count and income. ADU upside is especially compelling within Culver City due to its supportive planning environment and consistent tenant demand. The location is exceptional. Situated within the sought-after Culver City school district and municipal jurisdiction, the property benefits from the city’s renowned services, governance, and business-friendly environment. Residents enjoy immediate access to some of the Westside’s most exciting lifestyle amenities—just minutes from the dining, entertainment, and creative energy of vibrant Downtown Culver City, with its award-winning restaurants, cafés, gastropubs, theaters, and cultural institutions. The property also offers close proximity to major employment hubs including Sony Studios, Amazon Studios, Apple, HBO, and the broader Hayden Tract creative district, driving consistent rental demand year-round. This is a rare chance to acquire a potentially vacant, well-located 10-unit property in one of the Westside’s most resilient and supply-constrained submarkets. A true value-add, generational opportunity.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$497 USD /SF

# OF UNITS

10

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Culver City: Can be Delivered VACANT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

CCRMD

APN/PARCEL ID

4231-019-060

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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