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Multifamily

12029 Washington Pl

12029 Washington Pl, Los Angeles, CA 90066

Listing Price: $1,350,000

Cap Rate
2.21%
Number of Units
3
Price/Unit
$450,000
Price/Gross SF
$577.91
Gross SF
2,336

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a three-unit apartment community located at 12029 Washington Place. Positioned just north of Washington Place and east of Centinela Avenue, the property islocated in close proximity to Silicon Beach and a plethora of dining and entertainment options. The property consists of one building totaling 2,336 square feet on a 5,006 square foot parcel. The unit mix is comprised of two one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. Considered one of the more desirable submarkets on the Westside of Los Angeles, the Mar Vista area has experienced a tremendous development boom over the past decade. The property is located near numerous trendy restaurants, bars, retail shopping and entertainment options in Culver City, Marina Del Ray and Playa Vista.

Investment Highlights

  • Adjacent to Employment Centers and Nearby Trendy Restaurants, Bars, Retail Shopping and Entertainment Centers in Mar Vista, Marina Del Ray and Playa Vista
  • Located Only Minutes Away From Silicon Beach and Top Tech Employers
  • 53 Percent Upside in Rental Income Through Unit Renovations and Capital Improvements
  • Three Secured Parking Spaces that Do Not Require Seismic Retrofit Work

Exclusively Listed By

Listing Price: $1,350,000

Cap Rate
2.21%
Number of Units
3
Price/Unit
$450,000
Price/Gross SF
$577.91
Gross SF
2,336

Investment Highlights

  • Adjacent to Employment Centers and Nearby Trendy Restaurants, Bars, Retail Shopping and Entertainment Centers in Mar Vista, Marina Del Ray and Playa Vista
  • Located Only Minutes Away From Silicon Beach and Top Tech Employers
  • 53 Percent Upside in Rental Income Through Unit Renovations and Capital Improvements
  • Three Secured Parking Spaces that Do Not Require Seismic Retrofit Work

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a three-unit apartment community located at 12029 Washington Place. Positioned just north of Washington Place and east of Centinela Avenue, the property islocated in close proximity to Silicon Beach and a plethora of dining and entertainment options. The property consists of one building totaling 2,336 square feet on a 5,006 square foot parcel. The unit mix is comprised of two one-bedroom/one-bathroom units and one two-bedroom/one-bathroom unit. Considered one of the more desirable submarkets on the Westside of Los Angeles, the Mar Vista area has experienced a tremendous development boom over the past decade. The property is located near numerous trendy restaurants, bars, retail shopping and entertainment options in Culver City, Marina Del Ray and Playa Vista.

Exclusively Listed By

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