12727 W Washington Blvd - Apartments FOR SALE


Los Angeles, CA 90066- Culver-West
$22,750,000 USD
310-899-2700
12727 W Washington Blvd, Los Angeles, CA for Sale
$22,750,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

12727 W Washington Blvd
Los Angeles, CA 90066
Culver-West


HIGHLIGHTS

  • Fully Entitled
  • Mixed-Use Opportunity
  • Bounded by 3 Streets: Washington, Zanja and Meier

OVERVIEW

NEW ASKING PRICE: $22,750,000 Lee and Associates is pleased to present Triangle, a fully entitled mixed- use project located at 12727 W. Washington Blvd, in the highly sought-after neighborhood of Culver West. The current entitlements allow for 144 units and 19,431 square feet of retail space with a gross building area of approximately 166,250 square feet. A new owner has the option of incorporating up to 20 additional units in Los Angeles per AB1287 density bonus. Proposed amenities include a pool, rooftop deck, outdoor seating area with BBQs, fire pits, a gymnasium, and a lounge for your tenants to enjoy. This opportunity gives a developer the ability to make an immediate impact on the Culver City multi-family market with a class A building on a top tier corridor. Bounded by 3 Streets: Washington, Zanja and Meier. A very rare opportunity to acquire a fully entitled mix-use development in a prestigious location.

FOR SALE DETAILS

PRICE

$22,750,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

144

PRICE/UNIT

$157,986

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Triangle Center

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

CG, LA R-3-1

APN/PARCEL ID

4236-020-006

ASK ABOUT THIS PROPERTY

Duncan LemmonLee & Associates - West LAMore Info
310-899-2700

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Duncan LemmonLee & Associates - West LAMore Info
310-899-2700

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