12121-12123 Washington Pl
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
12121-12123 Washington Pl
4,661 SF 87% Leased Retail Building Los Angeles, CA 90066 £1,330,165 (£285/SF) 6.48% Net Initial Yield
Investment Highlights
- 8-Unit mixed-use property (6 Residential and 2 Commercial)
- High traffic count
- All units are separately metered for both gas and electricity
- One large 2 bedroom units is vacant, and will be delivered vacant at COE.
Executive Summary
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.
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.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£123,803
|
£26.56
|
| Other Income |
-
|
-
|
| Vacancy Loss |
£6,190
|
£1.33
|
| Effective Gross Income |
£117,613
|
£25.23
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
£31,415
|
£6.74
|
| Net Operating Income |
£86,198
|
£18.49
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £123,803 |
| Annual Per SF | £26.56 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | £6,190 |
| Annual Per SF | £1.33 |
| Effective Gross Income | |
|---|---|
| Annual | £117,613 |
| Annual Per SF | £25.23 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | £31,415 |
| Annual Per SF | £6.74 |
| Net Operating Income | |
|---|---|
| Annual | £86,198 |
| Annual Per SF | £18.49 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,661 SF
Building Class
C
Year Built
1960
Price
£1,330,165
Price Per SF
£285
Net Initial Yield
6.48%
NOI
£86,195
Percent Leased
87%
Tenancy
Multiple
Number of Floors
2
Slab to Slab
10 ft
Building FAR
0.93
Lot Size
0.11 AC
Zoning
LAC2
Parking
6 Spaces (1.29 Spaces per 1,000 SF Leased)
Frontage
64 ft on Washington Pl
Amenities
- Balcony
- Smoke Detector
Walk Score ®
Very Walkable (87)
Bike Score ®
Very Bikeable (89)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 4235-029-038 | Improvements Assessment | £128,244 |
| Land Assessment | £71,446 | Total Assessment | £199,689 |
PROPERTY TAXES
Parcel Number
4235-029-038
Land Assessment
£71,446
Improvements Assessment
£128,244
Total Assessment
£199,689
1 of 30
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
12121-12123 Washington Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.