$4,500,000
$4,990,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
19 Beds
25 Baths
15,233 SqFt
SOLD DATE : 04/23/2024
Key Details
Sold Price $4,500,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,233 sqft
Price per Sqft $295
MLS Listing ID 24-352893
Sold Date 04/23/24
Bedrooms 19
Construction Status Under Construction
Lot Size 0.288 Acres
Property Description
Helms 8 is an Incredible Development Opportunity in Culver City's Art District. The project comes permit-ready with the subterranean garage's perimeter walls already shored and poured. This is more than shovel-ready, construction has begun and is ready to be handed over. The entitlement work to get to this point took over four years. The approved plans entail a design for 8 Townhomes with direct access to Private Garages. The first floor, at street level, has open concept living rooms and kitchens with their own private patios. The 2nd floors offer 2 & 3-bedroom configurations and all the townhomes have their own private rooftop decks. Other townhomes have sold for $1,800,000-$2,300,000 in Culver City, so the exit potential for this project could be astonishing if completed to satisfy high-end luxury buyers, including the Apple Execs looking to live next to the new 4 acre campus Apple is building across the street! Located in Culver City's family friendly Art District neighborhood, surrounded by art galleries, shops & restaurants, including the Helms Bakery's shops & restaurants, the Platform's shops & restaurants and everything along Washington Blvd and in nearby downtown Culver City. Near the Ivy Light Rail Station, HBO/Warner offices and Amazon Studios campus. It's an A+ location with a near perfect walk-score.
Location
State CA
County Los Angeles
Area Culver City
Zoning CCR4
Rooms
Other Rooms None
Interior
Heating None
Cooling None
Equipment None
Exterior
Parking Features Subterranean, Private Garage
Garage Spaces 18.0
Building
Story 2
Level or Stories Three Or More
Construction Status Under Construction
Schools
School District Culver City Unified School District
Others
Special Listing Condition Standard
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