11852 Washington Place

    Los Angeles (City), CA 90066
    • $4,650,000
    • STATUS: Closed
    • ON SITE: 289 days
    • ID#: 18319366
    Sold - 06/30/2018
    $4,650,000
    SOLD - 06/30/2018
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,112
      SQFT
    • $0
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Ratings & Info

    Description

    Rare Non-Rent Controlled opportunity in Mar Vista, one of the most prime Westside submarkets of Los Angeles. This Property includes a Tentative Tract Map for a Condo Conversion bonus. Value-add opportunity with condo conversion and also rental upside of almost 20 %. Two vacancies delivered at close of escrow (3/2 house and 2/2.5 townhouse unit)

    Sold by Kimberly Roberts Stepp of Kwsm.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-17T12:26:55.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/81242524

    11852 Washington Place Los Angeles (City), CA 90066

    • Price: $4,950,000
    • Status: Closed
    • Updated: 27 min ago
    • ID#: 18319366
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    10,112
    SQFT
    $0
    $/SQFT
    1990
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    Rare Non-Rent Controlled opportunity in Mar Vista, one of the most prime Westside submarkets of Los Angeles. This Property includes a Tentative Tract Map for a Condo Conversion bonus. Value-add opportunity with condo conversion and also rental upside of almost 20 %. Two vacancies delivered at close of escrow (3/2 house and 2/2.5 townhouse unit)
    Exterior Features

    Exterior Features Satellite Dish Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking Parking YN Yes

    Interior Features

    Appliances Ice MakerRefrigeratorPortable DishwasherVented Exhaust FanRecirculated Exhaust FanTrash Compactor Appliances YN Yes Laundry Features Gas & Electric Dryer HookupAreaStackableWasher IncludedPropane Dryer Hookup

    Property Features

    Cap Rate 3.40 Fuel Expense 2500.00 Gross Multiplier 18.00 Gross Operating Income 267022.00 Improvements Amount 564487 Insurance Expense 3700.00 Land Value 1201045 Laundry YN Yes Maintenance Expense 5000.00 Net Operating Income 167582.00 Other Expense 2196.00 Pest Control Expense 980.00 Professional Management Expense 10681.00 Special Listing Conditions Standard Total Expenses 99440.00 Trash Expense 3700.00 Water Sewer Expense 8500.00 Zoning Lar3

    Listing provided courtesy of Kimberly Roberts Stepp of Kwsm.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-12-17T12:26:55.363. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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    7101 Playa Vista Dr.
    Playa Vista CA, 90094