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Key Details
Sold Price $4,500,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 15,233 sqft
Price per Sqft $295
MLS Listing ID 24352893
Bedrooms 19
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 C28 - Culver City
Zoning CCR4
Interior
Heating None
Cooling None
Exterior
Parking Features Underground, Private
Building
Story 2
New Construction No
Schools
School District Culver City Unified
Others
Special Listing Condition Standard
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Bought with Mina Abdelmalek • Abba Realty