12314 Washington Place

Description

We are pleased to present the opportunity to acquire 12314 Washington Place. This building is located within the border of Culver City adjacent to Marina Del Rey, Venice, Mar Vista, and Playa Vista. It benefits from proximity to major employment centers, transportation hubs, restaurants, and recreational amenities. This building can be purchased together with 12320 Washington Place. Both two story buildings consist of all two-bed, one-bath unit with a shared courtyard space. There is a four-car garage behind each building. The Seller has RTI plans to build one (1) two bed-two bath 900 SF ADU on each parcel above the garages. The property is separately metered for gas and electricity, ensuring efficiency and control over utilities. 12314 Washington Place is a prime investment opportunity with tons of upside and a great purchase for an owner-user. If bought together, both buildings will operate north of 6% caps once stabilized with ADUs. Steps away from major establishments including Erewhon, Culver Steps, Apple, Sony Picture Studios, Washington Place offers any investor or owner-user an exciting opportunity to own in one of Los Angeles’ desirable neighborhoods.

Listing information courtesy of: Lorraine Tan, Lyon Stahl Investment Real Estate, Inc. 909-618-2352. *Based on information from the Association of REALTORS/Multiple Listing as of 12/11/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.