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Entitled Mixed-Use Development Opportunity

12727 West Washington Boulevard Los Angeles, CA 90066

12727 West Washington Boulevard, Los Angeles, CA, 90066

$22,750,000

For Sale

$22,750,000

Fully entitled mixed-use project in Culver West neighborhood.

Property Size57,342 SF

Price / SF$396.74

AddedNov 26, 2025

Days on Market230

Last RefreshMay 8 at 9:39 pm

Property Features for 12727 West Washington Boulevard

General Information

Standard status: Active
Size: 57,342 SF
Property subtype: Land

Listing office

Listing date Nov 26, 2025

Source Lee-associates

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Duncan Lemmon

Investment Insights

Based on property information with market context.

This is a fully entitled mixed-use project located in the Culver West neighborhood. 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. This opportunity allows a developer to make an immediate impact on the Culver City multi-family market with a class A building on a top tier corridor. The property is bounded by three streets: Washington, Zanja, and Meier. The property size is 57,342 square feet.

Key Highlights

Fully entitled mixed‑use project with entitlements for 144 units and 19,431 square feet of retail space.
Located in the highly sought‑after Culver West neighborhood.
Opportunity to add up to 20 additional units via AB1287 density bonus.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$2.06M	$36.00
− Vacancy	−$206.4k	−$3.60
EGI	$1.86M	$32.40
− OpEx	−$696.7k	−$12.15
NOI	$1.16M	$20.25

57,342 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$16.59M

$14.51M – $19.35M (±1% cap)

NOI $1,161,176 @ 7.0% cap · market cap 5.10%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1,161.71M

$1,016.50M – $1,355.33M (±1% cap)

NOI $81,320,014 @ 7.0% cap · market cap 357.45%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

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For sale
Commercial land
CA
Los Angeles
90066
12727 West Washington Boulevard

What type of property is this?

Commercial land - Fully entitled mixed-use project in Culver West neighborhood.

Where is this commercial land located?

The property is located at 12727 West Washington Boulevard Los Angeles, CA.

What is the asking price?

The asking price for this property is $22,750,000.

What are key features of this property?

This property features: Fully entitled mixed‑use project with entitlements for 144 units and 19,431 square feet of retail space.; Located in the highly sought‑after Culver West neighborhood.; Opportunity to add up to 20 additional units via AB1287 density bonus.