12216 Washington Place, Culver City

$1,895,000

0 Beds
0 Baths
0 Sqft
6,455 Lot Sqft
0 Garages

Super clean 4 unit building in Culver City (with an LA mailing address). Great mix of three bedroom and two bedroom units with reasonable rents and some upside potential. All four units are very spacious with large rooms, hardwood floors, and lots of natural light. Each unit is separately metered for gas and electricity and the tenants each pay a portion of the water bill. Four carports at the rear of the property plus a small laundry/storage room that could be completed for extra income. Tenants pay $220 per month for water reimbursement. Fantastic CC location near the upcoming Culver Public Market project, Marina del Rey, the Mar Vista Farmers Market, and the restaurants along trendy west Washington Boulevard. Cap rate is over 4.5% with current rents. Upstairs, rear 3 bedroom unit is now vacant and projected rent is $3,050.

Essential Information
MLS® #20567738
Price$1,895,000
Bathrooms0.00
Lot Sqft6,455
Acres0.00
Year Built1952
TypeResidential Income
StatusActive
No of Units4
Community Information
Address12216 Washington Place
AreaCulver City (C28)
CityCulver City
CountyLos Angeles
StateCA
Zip Code90066
Interior
CoolingNone
Additional Information
Date ListedMarch 25th, 2020
Days on Market62
ZoningCCRMD
Listing Details
OfficeCavanaugh Realtors
Agent

Daniel John Cavanaugh(00576151)

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Based on information from California Regional Multiple Listing Service, Inc. as of May 27th, 2020 at 5:17pm CDT. 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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