Share this with your friends
+19094141208
LPT Realty Inc.
12320 12314 Washington Place, Culver City, CA 90066
- $2,996,000
- List Price
- $2,996,000
- Status
- ACTIVE
- MLS#
- AR26213463
- Year Built
- 1950
- Lot Size
- 12,478
- Acres
- 0.29
- Lot Location
- Front Yard, Rectangular Lot, Value In Land, Yard
- Days on Market
- 0
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
- Stories
- Two Levels
Property Description
Major $200,000 Price Reduction - Rare Opportunity! Two (2) Quad-plex buildings situated on adjacent contiguous parcels provide an incredible 8-unit cash-flowing Income property within the prime Mar Vista community, a highly desirable & convenient Culver City location. (2) APN's allow for Investors to apply for more favorable Residential 1-4 Financing as supposed to Commercial Financing rates. One of the units has been newly renovated and will be delivered Vacant so that Investors may fetch market Rents. Each of the (8) multi-family units are 2 Bedroom / 1 Bath floor plans. New Roof and Exterior Painting recently completed in 2025 with improved curb appeal, providing peace-of-mind and less maintenance expenses in the near future. Gated Garage Parking spaces are producing additional $1,400 monthly income ($16,800 annually). Approved Plans are in place for (2) additional ADUs, each approximately 870 SF, offering additional value-add potential. Property is competitively priced, with strong rental income and long-term upside!
Additional Information
- Appliances
- Refrigerator, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- Exterior Construction
- Drywall, Stucco
- Roof
- Shingle
- Garage Spaces Total
- 8
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $229,788
- Operating Expense
- 58180
Listing courtesy of Listing Agent: Chao Zhang (chelsea.200806@yahoo.com) from Listing Office: Coldwell Banker Dynasty Arc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.