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12044 W Washington Boulevard 1, Culver City, California 90066, Culver City, 90066 - bed, bath

12044 W Washington Boulevard 1, Culver City, California 90066 home-pic-0
ACTIVE$2,700,000
12044 W Washington Boulevard 1, Culver City, California 90066
0Bed
0Bath
5,448Sqft
7,069Lot
Year Built
1953
Close
-
List price
$2.7M
Original List price
$3.2M
Price/Sqft
$496
HOA
-
Days on market
-
Sold On
-
MLS number
SB25172609
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $2.70M(50th), sqft - 5448(50th), beds - undefined(50th), baths - undefined(50th).

GREAT DEVELOPMENT OPPORTUNITY! Currently a 4-unit office building with proposed plans to return it to its original configuration as 6 apartments. Address says L A but the property is in Culver City. Those conceptual plans include 6 two bedroom apartments with gated on-site parking including 6 carports & additional uncovered parking. Over $320,000 in improvements were made in 2007 upgrading electrical, plumbing, mechanical, and other infrastructure throughout the property, converting the property into four postproduction offices for the entertainment industry. Technology advancements have since reduced demand for that usage. Ideally located directly across from a Kaiser medical facility, west of the 405 freeway, and close to Marina del Rey.Those improvements can significantly offset the cost of restoring the property to 6 residential units. In the attached supplements is a list of expenditures for the upgrades performed. A first floor entry ramp provides easy access – great for occupants with mobility limitations. An attractive & spacious landscaped patio provides a comfortable outdoors recreational area. There are 6 Ring security cameras around the property, 2 storage rooms and 6 lockers. The sale includes 2 parcels: APN 4032017004 & 4032017003 (where the approx. 700 sq. ft. carports are located), totaling approx. 8301 sq. ft. of land. Attached photo of carports (with garage doors) is virtual and not its current configuration. Buyer is to verify any proposed development opportunities with the city.

Nearby schools

6/10
Grand View Boulevard Elementary School
Public,•K-5•0.4mi
5/10
Braddock Drive Elementary School
Public,•K-5•0.5mi
3/10
Stoner Avenue Elementary School
Public,•K-5•0.6mi
6/10
Short Avenue Elementary School
Public,•K-6•0.7mi
7/10
Beethoven Street Elementary School
Public,•K-5•1.2mi
8/10
Playa Del Rey Elementary School
Public,•K-5•1.3mi
6/10
La Ballona Elementary School
Public,•K-5•1.4mi
9/10
Farragut Elementary School
Public,•K-5•1.5mi
8/10
Coeur D'Alene Avenue Elementary School
Public,•K-5•1.8mi
8/10
El Rincon Elementary School
Public,•K-5•1.9mi
2/10
Marina Del Rey Middle School
Public,•6-8•0.7mi
4/10
Mark Twain Middle School and World Languages Magnet
Public,•6-8•1.4mi
7/10
Culver City Middle School
Public,•6-8•1.4mi
6/10
Venice Senior High School
Public,•9-12•1.1mi
8/10
Culver City High School
Public,•9-12•1.4mi

Price History

Date
Event
Price
11/04/25
Price Change
$2,700,000-6.9%
09/15/25
Price Change
$2,900,000-9.4%
07/31/25
$3,200,000
Condition Rating
Poor
This property, built in 1953, is currently configured as a 4-unit office building and is explicitly marketed as a 'development opportunity' for conversion into 6 residential apartments. While the description notes significant infrastructure upgrades (electrical, plumbing, mechanical) in 2007, these were for office use. The provided images show an office interior with a very basic, outdated kitchenette area and no residential bathrooms. To function as residential units, the property requires substantial rehabilitation, including the installation of multiple full kitchens and bathrooms, and a complete reconfiguration of the interior spaces. It is not move-in ready for residential living and requires significant investment beyond minor updates.
Pros & Cons

Pros

Great Schools: Elementary School: Farragut Elementary School (9/10).
High Development Potential: Explicitly marketed as a 'GREAT DEVELOPMENT OPPORTUNITY' with conceptual plans to convert from 4 office units to 6 residential apartments, significantly increasing potential income and property value.
Prime Location: Strategically situated in Culver City, directly across from a Kaiser medical facility, west of the 405 freeway, and close to Marina del Rey, ensuring strong rental demand and accessibility.
Extensive Infrastructure Upgrades: Over $320,000 invested in 2007 for electrical, plumbing, and mechanical systems, substantially reducing initial renovation costs for a residential conversion.
Generous Land & Parking: Comprises two parcels totaling approximately 8301 sq. ft. of land, with proposed gated on-site parking including 6 carports and additional uncovered spaces, a significant asset in this area.
Motivated Seller & Price Adjustment: Multiple price reductions from $3.2M to $2.7M indicate a motivated seller, offering a potentially attractive entry point for an investor willing to undertake the conversion.

Cons

Required Conversion & Associated Costs: The property's current use as outdated office space necessitates a full conversion back to residential, involving significant capital expenditure, time, and potential regulatory hurdles.
Conceptual Plans & Permitting Risk: The proposed residential conversion plans are conceptual, requiring the buyer to undertake extensive due diligence and secure city approvals, which can be a lengthy, uncertain, and costly process.
Age of Building & Unforeseen Issues: Built in 1953, despite prior upgrades, the age of the structure could lead to unexpected repair or remediation costs during the conversion process, not covered by the 2007 infrastructure improvements.

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