Los Angeles, CA 90066 12121 Washington Place

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Presented By: Vineendra Jain with Ingenious Asset Group, Inc.;
  • MLS# 24369495
  • 03/18/2024
  • Request Tour
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  • FootageSQFT • 4,661

Home Details

Probate Sale. Subject to Court confirmation and overbidding in Court. 8-Unit mixed-use property located in a trendy district of West LA. Easy access to shopping, dining options, entertainment, and I-405. Minutes from Downtown Culver City and Venice Beach. Excellent opportunity for a savvy investor to acquire a prime westside location with significant value-add potential. For sale AFTER 58 years! Unit mix 5 x 2 bed 1 bath and 1 x 1 bed 1 bath residential units, plus 2 commercial units. One large 2 bedroom unit is vacant, and will be delivered vacant at COE. All units are separately metered for both gas and electricity. Mandatory Soft Story Retrofit has NOT been done and a Certificate of Substandard Building has been recorded by the City on the title on Feb. 05, 2019. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.
Presented By: Vineendra Jain with Ingenious Asset Group, Inc.;

Interior Features for 12121 Washington Place

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Street SuffixPlace
Total Stories2

General for 12121 Washington Place

Additional Parcels Y/NNo
Attached Garage No
Buyer FinancingCash
Cap Rate5.09
Carport Y/NNo
CityLos Angeles
Construction MaterialsFrame, Stucco
CountyLos Angeles
Days on Market35
DirectionsSouth of Venice Blvd, West of Inglewood Blvd, East of S Centinela Ave and North of Washington Pl
DisclosuresRentControl
Electric Expense900.0
Garage Y/NNo
HOA0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense3200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CourtApproval
Lot Size Square Feet5005.0
MLS AreaC13 - Palms - Mar Vista
MaintenanceExpense6382.0
MobileHomeRemainsYNNo
Net Operating Income106857.0
New ConstructionNo
Open Parking Spaces1.0
Possible UseMultiFamily
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeCommercialSale
Rent Control Y/NYes
RoofFlat, RolledHotMop
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsProbateListing
Standard StatusActive
StatusActive
Street NameWashington
Total Units8
Trash Expense3960.0
View Y/NNo
Waterfront Y/NNo
Year Built1960
ZoningLAC2

Exterior for 12121 Washington Place

Building Area Total4661.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1149
Lot Size Area5005.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Open Parking Y/NNo
SpaNo
Total Parking7.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,100,000
MLS#24369495
List Date 03/18/2024
Property Type Commercial
Phone 714.964.3311
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