12121-12123 Washington Pl - Storefront Retail/Office FOR SALE


Los Angeles, CA 90066
$1,700,000 USD
310-207-2288
12121-12123 Washington Pl, Los Angeles, CA for Sale
$1,700,000 USD
Storefront Retail/Office - FOR SALE
1/29
null | 6.48% Cap Rate

12121-12123 Washington Pl
Los Angeles, CA 90066


HIGHLIGHTS

  • 8-Unit mixed-use property (6 Residential and 2 Commercial)
  • All units are separately metered for both gas and electricity
  • High traffic count
  • One large 2 bedroom units is vacant, and will be delivered vacant at COE.

OVERVIEW

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 units 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.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$365 USD /SF

CAP RATE

6.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,009 SF

ZONING

LAC2

APN/PARCEL ID

4235-029-038

ASK ABOUT THIS PROPERTY

Vinny JainIngenious Asset GroupMore Info
310-207-2288

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Vinny JainIngenious Asset GroupMore Info
310-207-2288

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.