12411-12419 W Washington Place

    Los Angeles (City), CA 90066
    • $3,100,000
    • STATUS: Active
    • ON SITE: 124 days
    • ID#: CV18115347
    Price Reduced
    UPDATED: 57 min ago
    $3,100,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,102
      SQFT
    • $508
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    12411 - 12419 Washington Place is a strategically located 8-unit West Side multifamily asset situated on two adjacent parcels of R3 land totaling 8,517 square feet. The layout consists of two side-side four unit buildings on separate tax lots that can be financed separately with a 2-4 unit loan, orcombined as 8 units and financed with traditional multifamily debt. The unit mix consists of (4) Two-bedroom, One-bathroom units and (4) One-bedroom, One-bathroom units. Four of the eight units have been completely remodeled with brand new bamboo floors, new kitchens, appliances, andquartz countertops, remote-control ceiling fans, custom built closets in the bedrooms, stackable Washer and Dryer hook-ups in the units, new windows, new paint, upgraded HVAC, and remodeled bathrooms. A steel fence was also installed on the west side of the building. The property is separately metered for gas and electricity and there are 9 parking spaces in the rear of the property. Garage parking with storage for 6 cars and 3 surface spaces. New landscape and exterior paint.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T22:29:16.023. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/83654759

    12411-12419 W Washington Place Los Angeles (City), CA 90066

    • Price: $3,100,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: CV18115347
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    6,102
    SQFT
    $508
    $/SQFT
    1953
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    12411 - 12419 Washington Place is a strategically located 8-unit West Side multifamily asset situated on two adjacent parcels of R3 land totaling 8,517 square feet. The layout consists of two side-side four unit buildings on separate tax lots that can be financed separately with a 2-4 unit loan, orcombined as 8 units and financed with traditional multifamily debt. The unit mix consists of (4) Two-bedroom, One-bathroom units and (4) One-bedroom, One-bathroom units. Four of the eight units have been completely remodeled with brand new bamboo floors, new kitchens, appliances, andquartz countertops, remote-control ceiling fans, custom built closets in the bedrooms, stackable Washer and Dryer hook-ups in the units, new windows, new paint, upgraded HVAC, and remodeled bathrooms. A steel fence was also installed on the west side of the building. The property is separately metered for gas and electricity and there are 9 parking spaces in the rear of the property. Garage parking with storage for 6 cars and 3 surface spaces. New landscape and exterior paint.
    Exterior Features

    Garage Spaces 6.00 Lot Features GardenLandscapedLevel With StreetPavedWalkstreetYard Lot Size Source Assessor Lot Size Units Square Feet Other Structures Storage Parking Features AssignedGarageParking Space Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Appliances DishwasherGas RangeGas StoveMicrowaveRefrigerator Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 675 Average1 Bed Area Units Square Feet Average2 Bed Area 850 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling CentralElectricGas Cooling YN Yes Flooring BambooCarpetTile Interior Features Built-InsCeiling FanCopper Plumbing PartialCrown MoldingsPantry Laundry Features Dryer IncludedGas Dryer HookupStackableWasher HookupWasher Included Window Features BlindsDouble Pane Windows

    Property Features

    Additional Parcels Description 4235018011 Additional Parcels YN Yes Building Area Units Square Feet Cap Rate 3.60 Community Features SidewalksUrban Country Us Electric Expense 1200.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 575.00 Gross Multiplier 18.80 Gross Operating Income 159957.00 Gross Scheduled Income 164904.00 Insurance Expense 4537.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Net Operating Income 111564.00 New Taxes Expense 33203.00 Number Of Separate Electric Meters 8 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 0 Number Wall AC 4 Number With Carpet 2 Number With Dishwasher 8 Number With Disposal 4 Number With Drapes 8 Number With Patio 4 Number With Range 8 Number With Refrigerator 8 Operating Expense 48393.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 48393.00 Trash Expense 583.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 2800.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Tim Steuernol of Nai Capital, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-18T22:29:16.023. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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