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12467 W Washington Blvd
Los Angeles, CA 90066
Retail Property For Sale
Investment Highlights
- Approved seven-key R-1 boutique micro-hotel
- Fully entitled project ready for construction
- Self check-in technology for a lean operating model
- Permits in hand for building expansion
- Seven private en-suite guest rooms
- Projected ten percent cap rate at seventy percent occupancy
Executive Summary
Approved 7-key R-1 boutique micro-hotel in prime Culver City. Currently 1,398 SF, with permits in hand to expand to 1,615 SF. Entitled, designed, ready to build. Steps to Culver Commons, Sony Studios, dining, and shopping. Seven private en-suite rooms with self check-in for a lean operating model. Offered at $1,500,000, projecting a 10% cap rate at 70% occupancy.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,615 SF
Building Class
C
Year Built
1949
Price
$1,500,000
Price Per SF
$928.79
Tenancy
Single
Building Height
1 Story
Building FAR
0.63
Lot Size
0.06 AC
Zoning
Mixed Use Corridor 1 - Culver City Commercial
Parking
3 Spaces (3.07 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Wheelchair Accessible
- Air Conditioning
- Shower Facilities
Property Taxes
| Parcel Number | 4231-003-001 | Improvements Assessment | $116,732 |
| Land Assessment | $997,535 | Total Assessment | $1,114,267 |
Property Taxes
Parcel Number
4231-003-001
Land Assessment
$997,535
Improvements Assessment
$116,732
Total Assessment
$1,114,267
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