12320 Washington Place

Culver City, CA 90066

$1,755,000
Last Sold Price
8
Beds
4
Baths
3,550 Sq. Ft.
$494 / Sq. Ft.
3,550
Sq. Ft.
$494
per Sq. Ft.

Description

Rarely offered, two neighboring four-unit buildings adjacent to the heart of fashionable Culver City being sold together or separately! The unit mix consists of four two-bedroom apartments in each property. While each unit maintains unique finishes, they each share original 1950s oak wood floors. These sister properties share a center courtyard with a mature, fruit-bearing lemon tree to complete the refreshing SoCal aesthetic. Single car garages pepper the back alley. Currently, all units are occupied;...Rarely offered, two neighboring four-unit buildings adjacent to the heart of fashionable Culver City being sold together or separately! The unit mix consists of four two-bedroom apartments in each property. While each unit maintains unique finishes, they each share original 1950s oak wood floors. These sister properties share a center courtyard with a mature, fruit-bearing lemon tree to complete the refreshing SoCal aesthetic. Single car garages pepper the back alley. Currently, all units are occupied; of special note is the high rental demand and 40% upside in current rents. Full of promise and potential, these R4-Zoned pair of buildings are close to the trendiest of restaurants and shopping on the Westside of L.A. while also being moments from freeway access and the Pacific Ocean. This property is a tremendous opportunity for an investor to purchase a value add asset or a developer to maximize the site. Competitive residential financing available as well.

Listing Agents

  1. Stephanie Younger

    Stephanie Younger

    Listing Agent

    Compass

    DRE #01365696

  2. Maryam Majnoonian

    Maryam Majnoonian

    Alternative Listing Agent

    Compass

    DRE #01862215

Property Details for 12320 Washington Place

Water Front
None
Style
Colonial
Parcel Number
4232006020
Total Units
4.0
Living Area
3550
Source Living Area
Assessor
Area
Culver City (C28)
Vacancy Rate
0

Location

Add your commute
LISTING UPDATED: 07/25/2022 05:03 PM

Property Details for 12320 Washington Place

StatusSold
MLS #22-118329
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.15 AC / 6,346 SF
CountyLos Angeles County

Location

Add your commute

Building Information for 12320 Washington Place

Stories2Residences-Year Built1950Building Size-Lot Size0.15 AC / 6,346 SF

Payment Calculator

$9,578 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,578

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12320 Washington Place

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Aparments
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated
  • Property Condition: Fixer
  • Water: Public
  • Sewer: In Street
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is, Property Report, Trust/Conservatorship, Listing Broker Advantage
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $81,480
  • Net Operating Income: $35,115.00
  • Gross Income: $84,000
  • Gross Rent Multiplier: $24.40
  • Actual Annual Gross Rent: $84,000.00
  • Total Annual Expense: 46365
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1457
  • Lot Size Square Feet: 6346
  • Lot Features: Front Yard, Rectangular Lot
  • Lot Description: Fenced Yard, Front Yard, Alley Paved, Lot Shape-Rectangular, Sidewalks
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Garage
  • Total Parking: 4
  • Parking Features: Garage
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Dining Area, Living Room, Patio Open
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: None
  • Cooling Type: None
  • Heating: Floor Furnace
  • Heating Type: Floor Furnace
  • Flooring: Carpet, Hardwood, Laminate, Linoleum, Mixed, Tile
  • Equipment: None
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Patio Features: Patio Open, Porch - Front, Porch - Rear
  • Entry Location: Living Room
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-13-2022
  • Tenant Pays: Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $3,400.00
  • Unit Projected Rent: $5,900.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Carpet: 4
  • Number of Electric Meters: 4
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $59,087.00
  • Assessed Improvement Percent: 53.98
  • Assessed Land Value: $50,375.00
  • Assessed Land Percent: 46.02
  • Assessed Total Value: $109,462.00

Property History for 12320 Washington Place

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 12320 Washington Place

This home is within Culver City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
La Ballona Elementary School
PublicK to 5

Culver City Middle School
Public6 to 8

Culver City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Stephanie Younger, DRE #01365696; Compass, Maryam Majnoonian, DRE #01862215

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.