12032 Washington Place, Los Angeles, CA 90066
Property · 2 recorded sales since 2022
Sold May 2022
Listing Agent: Dario Svidler (DRE #01884474) · Listing Office: Keller Williams Beverly Hills · Contact: 310-432-6400 · Bought with: Anastasia Lavrovskaya · Keller Williams Beverly Hills · MLS #22147503 · Source: CRMLS
About this property
We are proud to present for sale two side-by-side Triplexes each on their own APN. 5 of the 6 units will be delivered vacant, making this a perfect property for an owner/user, an investor, a TIC conversion, adding ADUs or a complete redevelopment! The existing two structures each consist of two 1+1s and one 2+1 spread out over 2,364 SF and each has three separate one-car garages plus another parking space open to the sky. Each of the two lots is 5,005 SF (for a total of 10,010 SF) and back up to an alley, adding to the redevelopment potential. Located in popular Mar Vista west of the 405 and under 3 miles away from the Ocean, these properties are walking distance to shopping, restaurants, nightlife and bowling! This is jobs-central, surrounded by Tech Companies with high-paying jobs within walking distance. Follow Ballona Creek Bike Trail and you'll be at the Beach in no time at all. Or jump in your car and be there faster, or drive 15 minutes to LAXor hop on the 405 and go go go. Market rents are currently in the $2,600 range for 1+1s and $3,500 for 2+1sso rehab the buildings and stabilize easily with the high demand. The properties are also available with an RTI Project for 8 Townhome Units consisting of 3 bedrooms, private garages, a bonus room, private roof decks, and a central driveway leading to each garage. Currently filed as 8 separate Plan Checks, break ground on one row of the homes while waiting on the final tenant to move out (via Cash for Keys or Ellis). Transaction includes two APNs: 4232-001-010 and 4232-001-011. Build 12 units by right.
Listing description from the May 2022 sale, as reported to CRMLS.
Sale history
