11852 Washington Pl

    Mar Vista, CA 90066
    • $5,560,000
    • STATUS: Active
    • ON SITE: 190 days
    • ID#: SB19079495
    UPDATED: 209 min ago
    $5,560,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,112
      SQFT
    • $550
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1990
    County:

    School Ratings & Info

    Description

    7 UNITS NON RENT CONTROL BUILT IN 1990 IN PRIME MAR VISTA. THE BUILDING HAS A TENTAVIVE TRACT MAP APPROVED FOR CONDOMINIUM CONVERSION. HIGH RENTS IN CULVER CITY, VENICE, MARINA DEL RAY AND SANTA MONICA MAKE MAR VISTA THE PREFERED LOCATION OF THE YOUNG TECH SAVY WORKING AT SILLICON BEACH. MAR VISTA IS AT A FEW MILES FROM SILICON BEACH, THE HOME OF MORE THAN 500 TECH STARTUP COMPANIES. MOST OF THE UNITS HAVE BEEN "REHAB" WITH QUARTZ COUNTER TOP, STAINLESS APPLIANCES (REFRIGERATORS, STOVES, MICROWAVES).5 UNITS HAVE FIREPLACE, 4 UNITS ARE 2 STORY, 2 BEDROOMS, 2.5 BATHROOMS. THERE IS A 3 BEDROOMS, 2 BATHROOMS HOUSE IN THE BACK ON A LOT OF ABOUT 5,300 SQUARE FEET. A NEW TOWNHOUSE OF 2,200 SQUARE FEET CAN BE BUILT ON IT.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/93539371

    11852 Washington Pl Mar Vista, CA 90066

    • Price: $5,560,000
    • Status: Active
    • Updated: 209 min ago
    • ID#: SB19079495
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    10,112
    SQFT
    $550
    $/SQFT
    1990
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    7 UNITS NON RENT CONTROL BUILT IN 1990 IN PRIME MAR VISTA. THE BUILDING HAS A TENTAVIVE TRACT MAP APPROVED FOR CONDOMINIUM CONVERSION. HIGH RENTS IN CULVER CITY, VENICE, MARINA DEL RAY AND SANTA MONICA MAKE MAR VISTA THE PREFERED LOCATION OF THE YOUNG TECH SAVY WORKING AT SILLICON BEACH. MAR VISTA IS AT A FEW MILES FROM SILICON BEACH, THE HOME OF MORE THAN 500 TECH STARTUP COMPANIES. MOST OF THE UNITS HAVE BEEN "REHAB" WITH QUARTZ COUNTER TOP, STAINLESS APPLIANCES (REFRIGERATORS, STOVES, MICROWAVES).5 UNITS HAVE FIREPLACE, 4 UNITS ARE 2 STORY, 2 BEDROOMS, 2.5 BATHROOMS. THERE IS A 3 BEDROOMS, 2 BATHROOMS HOUSE IN THE BACK ON A LOT OF ABOUT 5,300 SQUARE FEET. A NEW TOWNHOUSE OF 2,200 SQUARE FEET CAN BE BUILT ON IT.
    Exterior Features

    Garage Spaces 16.00 Lot Features 6-10 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 16.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common WallsEnd Unit Laundry Features Common Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.73 Community Features BikingParkSidewalksStreet LightsUrban Country Us Electric Expense 1752.00 Elevation Units Feet Fuel Expense 2500.00 Furniture Replacement Expense 2000.00 Gardener Expense 1800.00 Gross Income 311400.00 Gross Multiplier 17.60 Gross Operating Income 302058.00 Gross Scheduled Income 311400.00 Insurance Expense 3700.00 Land Lease YN No Laundry YN Yes Maintenance Expense 4000.00 Net Operating Income 207282.00 New Construction YN No New Taxes Expense 56120.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 8 Number With Range 8 Number With Refrigerator 8 Operating Expense 94776.00 Professional Management Expense 12456.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGas Total Actual Rent 311400.00 Total Expenses 94776.00 Trash Expense 3700.00 Vacancy Allowance Rate 3.00 Water Sewer Expense 6748.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Messou Attai of Re/Max Estate Properties


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-17T00:35:15.083. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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