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 $2,459,050 CAD ($528 CAD/SF) 6.36% Cap Rate
INVESTMENT HIGHLIGHTS
- 8-Unit mixed-use property (6 Residential and 2 Commercial).
- One large 2 bedroom units is vacant, and will be delivered vacant at COE.
- All units are separately metered for both gas and electricity.
EXECUTIVE SUMMARY
Probate Sale. Court confirmation MAY be required. 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 59 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.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$225,599
|
$48.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$11,280
|
$2.42
|
| Effective Gross Income |
$214,319
|
$45.98
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,914
|
$12.43
|
| Net Operating Income |
$156,406
|
$33.56
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $225,599 |
| Annual Per SF | $48.40 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $11,280 |
| Annual Per SF | $2.42 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $214,319 |
| Annual Per SF | $45.98 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $57,914 |
| Annual Per SF | $12.43 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $156,406 |
| Annual Per SF | $33.56 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
4,661 SF
Building Class
C
Year Built
1960
Price
$2,459,050 CAD
Price Per SF
$528 CAD
Cap Rate
6.36%
NOI
$156,396 CAD
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
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 | $232,509 CAD |
| Land Assessment | $129,532 CAD | Total Assessment | $362,041 CAD |
PROPERTY TAXES
Parcel Number
4235-029-038
Land Assessment
$129,532 CAD
Improvements Assessment
$232,509 CAD
Total Assessment
$362,041 CAD
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.