12320 Washington Place
Description
12320 Washington Place is a prime investment opportunity with tons of upside and a great purchase for an owner-user. If bought together, both buildings will operate north of 6% caps once stabilized with ADUs. Steps away from major establishments including Erewhon, Culver Steps, Apple, Sony Picture Studios, Washington Place offers any investor or owner-user an exciting opportunity to own in one of Los Angeles’ desirable neighborhoods.
- Listed by Lorraine Tan • DRE #01971639 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 909-618-2352
- Listed by Christopher Van Vuuren • DRE #02060007 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 12320 Washington Place
Property Details for 12320 Washington Place
| Status | Active |
|---|---|
| MLS # | SB24208238 |
| Days on Market | 54 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1950 |
| Lot Size | 0.15 AC / 6,346 SF |
| County | Los Angeles County |
Building Information for 12320 Washington Place
Property Information for 12320 Washington Place
- Gross Income: $188,400
- Gross Scheduled Income: $188,400
- Net Operating Income: $71,197
- Operating Expense: $38,231
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $3,550
- Trash Expense: $3,000
- Water Sewer Expense: $0
- Total Expenses: $38,231
- Tax Tract Number: 9086
- CFD/Mello-Roos Fee: $0
- Tax Lot: 9
- Community Features: Biking
- Laundry: No
- Laundry Features: None
- Entry Location: West
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Lot Features: Front Yard
- Number Of Units: 4
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Unknown
- Water Source: Public
- Garage Spaces: 4
- Parking Garage Spaces: 4
- Carport Spaces: 0
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Actual Rent: $1,930
- Unit Type Total Rent: $1,930
- Unit Type Pro Forma: 3100
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Actual Rent: $3,100
- Unit Type Total Rent: $3,100
- Unit Type Pro Forma: 3100
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Actual Rent: $2,101
- Unit Type Total Rent: $2,101
- Unit Type Pro Forma: 3100
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Actual Rent: $1,988
- Unit Type Total Rent: $1,988
- Unit Type Pro Forma: 3100
- Unit Type Type: 4
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 4
- Number Of Separate Gas Meters: 4
- Number Of Separate Water Meters: 1
Property History for 12320 Washington Place
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 12320 Washington Place
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 | ||
Culver City Unified School District Academy PublicK 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.
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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Lorraine Tan, DRE #01971639; Lyon Stahl Investment Real Estate, Inc., Christopher Van Vuuren, DRE #02060007
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.