12510 Washington Place,Los Angeles, CA 90066
Los Angeles, CA 90066
Description
Location Location located in the thriving Culver City/Mar Vista neighborhood of Los Angeles. Built in 1953, this two-building property totals approximately 4,141 square feet on a generous 7,838-square-foot lot. The property features six residential units, composed of two spacious two-bedroom/one-bath units and four one-bedroom/one-bath units, meeting strong local demand for rental housing in this highly desirable market. With each unit offering garage parking six spaces total this property presents convenience and value for residents in an area where parking is highly sought after. Strategically positioned near major employment hubs, entertainment centers, and premier retail corridors, this asset provides an exceptional investment opportunity with stable income, strong tenant demand, and significant potential for rental growth and value appreciation. Investors will benefit from robust market fundamentals, continued population growth, and ongoing neighborhood development, positioning this property as an excellent addition to any investment portfolio. great upside in rent , Offered at $2.2M, this property offers an approx. cap rate of 5.7
Details
| MLS# | 25518117 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1953 |
| Days On Site | 30 |
| Listing Provided By | Power Brokers 424-738-5900 | Helen Abrishami |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 4,141 |
| Story(s) | 1 |
| Units | 6 |
| Building(s) | 2 |
| Zoning | CCR4YY |
| Acreage | 0.18 |
| Property View | None |
Market Activity 90066
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90066 |
| Area | C28 Culver City |
| Listing VS Median (in 90066) | |
Price: $2,199,988 low | high Med: $1,630,000 SqFt: 4,141 low | high Med: 2,802 $ / SqFt: $531 low | high Med: $704 On site: 30 low | high Med: 29.000000 | |