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12121 Washington Place Los Angeles, CA $ 2,100,000
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$ 2,100,000 Get more info
12121 Washington Place
$ 2,100,000
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12121 Washington Place

Los Angeles, CA, 90066
$ 2,100,000
Baths0.0 Sq 4,661

Monthly Estimate*

$ 14,669

Listed by Ingenious Asset Group, Inc.
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Studio

Commercial Property for sale in Los Angeles, CA

for $2,100,000. This 4,661 square foot building was built in 1960 on a lot size of 0.1149.

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.

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Commercial Active

Price

$ 2,100,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

MixedUse

Lot Size

0.1149

Year Built

1960

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24369495

Days on Market

40
Features
General
Heating WallFurnace
Roof Flat RolledHotMop
Zoning LAC2
HOA 0.0
Security Features CarbonMonoxideDetectors SmokeDetectors
Construction Materials Frame Stucco
Year Built 1960
Property SubType MixedUse
County Los Angeles
Net Operating Income 106857.0
Insurance Expense 3200.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Possible Use MultiFamily
Garage Y/N N
Special Listing Conditions ProbateListing
Status Active
Buyer Financing Cash
Directions South of Venice Blvd West of Inglewood Blvd East of S Centinela Ave and North of Washington Pl
City Los Angeles
Disclosures RentControl
View Y/N N
Senior Community Y/N N
Open Parking Spaces 1.0
Total Units 8
MLS Area C13 - Palms - Mar Vista
Lot Size Square Feet 5005.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Washington
Listing Terms Cash CourtApproval
Property Attached Y/N N
Land Lease Y/N N
Electric Expense 900.0
Home Warranty Y/N N
Trash Expense 3960.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 35
Standard Status Active
Property Sub Type Additional MixedUse
Cap Rate 5.09
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Exterior
Lot Features RectangularLot
Water Source Public
Total Parking 7.0
Lot Size Area 5005.0
Spa N
Building Area Total 4661.0
Lot Size Acres 0.1149
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Place
Laundry Features CommonArea
Electric On Property Y/N N
Total Baths 0
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Internal Only
Street Number 1 12121
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* Excluded Features
List By
Ingenious Asset Group, Inc.

Broker

(310) 207-2288

Phone

Affordability Calculator

$14,669
Per Month
100%
0%
0%
Monthly Principal & Interest
$14,669
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/18/2024$2,100,000 Listed Price

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12121 Washington Place, Los Angeles, CA, 90066 is a Commercial Property for sale at $2,100,000 with 4,661 sqft and a lot size of 0.1149. 12121 Washington Place is a studio with 0.0 baths and was built in 1960. The property's zip code is 90066 which is in Los Angeles, CA

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