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Triangle Center 12727 W Washington Blvd 144 Unit Apartment Building $22,750,000 ($157,986/Unit) Los Angeles, CA 90066
Investment Highlights
- Fully Entitled
- Bounded by 3 Streets: Washington, Zanja and Meier
- Mixed-Use Opportunity
Executive Summary
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.
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.
Property Facts
| Price | $22,750,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $157,986 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.12 AC |
| No. Units | 144 | Construction Status | Proposed |
| Property Type | Multifamily | Building Size | 161,475 SF |
| Property Subtype | Apartment | No. Stories | 4 |
| Zoning | CG, LA R-3-1 - General Commercial, Restricted Density Multiple | ||
| Price | $22,750,000 |
| Price Per Unit | $157,986 |
| Sale Type | Investment |
| No. Units | 144 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.12 AC |
| Construction Status | Proposed |
| Building Size | 161,475 SF |
| No. Stories | 4 |
| Zoning | CG, LA R-3-1 - General Commercial, Restricted Density Multiple |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Fitness Center
- Laundry Facilities
- Pool
- Tenant Controlled HVAC
- On-Site Retail
- Smoke Free
- Wi-Fi
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | - | - |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Numbers | Improvements Assessment | $34,229 | |
| Land Assessment | $19,764,080 | Total Assessment | $19,798,309 |
Property Taxes
Parcel Numbers
Land Assessment
$19,764,080
Improvements Assessment
$34,229
Total Assessment
$19,798,309
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Triangle Center | 12727 W Washington Blvd
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