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.
Property Details
Price:
$1,700,000
MLS #:
24435216
Status:
Active
Baths:
0
Address:
12121 Washington Place
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
c13palmsmarvista
City:
Los Angeles
Listed Date:
Oct 16, 2024
State:
CA
ZIP:
90066
Year Built:
1960
Schools
Interior
Heating
Wall Furnace
Exterior
Parking Spots
7.00
Roof
Flat, Rolled/ Hot Mop
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Stories Total
2
Water Source
Public
Financial
Map
Contact Us
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Courtesy of Ingenious Asset Group, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
12121 Washington Place
Los Angeles, CA
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