$1,950,000
$2,100,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
5,946 SqFt
SOLD DATE : 09/05/2023
Key Details
Sold Price $1,950,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 5,946 sqft
Price per Sqft $327
MLS Listing ID SB23049847
Sold Date 09/05/23
HOA Y/N No
Year Built 1959
Lot Size 7,396 Sqft
Acres 0.1698
Property Description
12006-12012 Hammack St, Culver City is trophy
asset, in an A+ location, with over 100% upside in
rental income! Once units are rented for market,
the property will operate at a 10.21% CAP and 7.69
GRM. This is the perfect opportunity for any investor
looking for strong upside in one of the nicest
neighborhoods on the Westside of Los Angeles.
The property is comprised of two separate
buildings, a fourplex and triplex, on one lot. The unit
mix is comprised of (7) spacious 2Bed+1Bath units,
with (1) unit being currently tenant ready. There are 8
parking spots on site, with plenty of street parking.
The subject property is located just minutes from
Downtown Culver City and Playa Vista, making it
any renters ideal location to live. Many large tech
companies have made home in local
neighborhoods including Apple, HBO, Google, Sony,
and Facebook.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning LARD1.5
Rooms
Ensuite Laundry Inside
Interior
Laundry Location Inside
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Biking, Curbs, Golf, Hiking, Park
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4220010033
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Ramon Castro • Park Regency Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "