Listing Detail


12121 Washington Pl., Los Angeles, CA 90066

12121 Washington Pl.jpg

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.

Property Highlights
Street 12121 Washington Pl
City Los Angeles
State CA
Zip 90066
Status Available
Property Type Mixed Use
Asking Price 2100000
Year Built 1960
Building Sq Ft 4,661
Number of units 8
CAP Rate 5.09
GRM 159551
Value per unit 262500
Value per Square Feet 451
Broker Name Vinny Jain
Telephone (310) 207-2288
<< Back