Bought with Ramon Castro • Park Regency Realty
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12006 Hammack ST Culver City, CA 90230
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Key Details
Sold Price $1,950,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRSB23049847
Sold Date 09/05/23
Year Built 1959
Lot Size 7,398 Sqft
Source California Regional MLS
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
Interior
Laundry Other
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 4220010033
Special Listing Condition Not Applicable
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