12121 Washington Pl, Los Angeles, CA 90066
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12121 Washington Pl Los Angeles, CA 90066

$2,100,000
  • -- Beds
  • -- Baths
  • 4,661 Sq.Ft.
For Sale
$2,100,000 Get Pre-Qualified

Map preview of 12121 Washington Pl, Los Angeles, CA 90066

Property Overview: 12121 Washington Pl Los Angeles, CA has -- bedrooms, -- bathrooms, 4,661 living square feet and 5,005 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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 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.

Listed by Vineendra Jain | BRE #01413466 | Ingenious Asset Group, Inc.
Last checked: 4 minutes ago | Last updated: April 23rd, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
5,005
HOA Dues
$0/mo
Year built
1960
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
24369495
City
Los Angeles
County
Los Angeles
Time on Site
39 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.09%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $13,296
  • Net Operating Income: $106,857
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $900
  • Trash: $3,960
  • Insurance: $3,200
  • Maintenance: $6,382
  • Other Expenses: $1,596

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Property Details for 12121 Washington Pl

Interior Features
Cooling Information
  • Has Cooling
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Community
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Flat, Rolled/Hot Mop
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 8
  • Parcel Number: 4235029038
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Venice Blvd, West of Inglewood Blvd, East of S Centinela Ave and North of Washington Pl
View more facts & features

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Sale History for 12121 Washington Pl

View property's historical transactions
  • March, 2024

  • Mar 18, 2024

    Date

    Active

    CRMLS: 24369495

    $2,100,000

    Price

Tax History for 12121 Washington Pl

Assessed Value (2020): $238,029
Year Land Value Improved Value Assessed Value
2020 $85,163 $152,866 $238,029

Home Value Compared to the Market

This property vs the competition

12121 Washington Pl is listed 68.13% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $450.55 per/sqft which puts the price per square foot 41.64% lower than the median price per square foot for the city of Los Angeles.

About 12121 Washington Pl

Detailed summary of property

12121 Washington Pl is a mixed use located in Los Angeles, CA 90066 and is currently for sale. This mixed use property offers -- bedrooms, -- bathrooms, roughly 4,661 living square feet, and sits on an approximately 5,005 square foot lot. 12121 Washington Pl was first listed on ArdentRealEstateGroup.com on March 18, 2024. The homeowner is currently asking $2,100,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 68.13% higher than the median priced home. Local competing homes currently for sale include 1303 N Citrus Ave, 2972 W Pico Blvd and 4913 Melrose Ave. While the average home in Los Angeles, CA is selling in 97 days, 12121 Washington Pl has a days on market of 39 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 12121 Washington Pl Los Angeles, CA 90066 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 12121 Washington Pl

Public county record property details
Beds
--
Baths
--
Year built
1960
Sq. Ft.
4,661
Lot Size
5,005
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
57,58
APN
4235-029-038

The source for these homes facts are from public records.

90066 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,100,000
Median List Price/Sq.Ft.
$1,002
Median Sold Price
$1,925,000
Median Sold Price/Sq.Ft.
$1,050
Total Inventory
112
Median Sale to List Price %
104.05%
Avg Days on Market
27
Loan Type
Conventional (17.39%), FHA (0%), VA (0%), Cash (0%), Other (13.04%)

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Related Resources to 12121 Washington Pl

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.