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29982822
29982823

13007 Washington Blvd, Los Angeles, CA 90066

GH
CA #01788875
RE/MAX Alliance Group
Listed by RE/MAX Alliance Group
$1,795,000
91 days on market
Updated 36 days ago

Washington Apartments 7

Details
APN 4236-024-007
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,912
Net Rentable (SqFt) 2,912
Units 4
Cap Rate 4.65%
NOI $83,471
Occupancy 100%
Pro-Forma Cap Rate 5.85%
Pro-Forma NOI $104,918
Price per SqFt $616
Broker Co-Op Yes
Class B
Year Built 1954
Year Renovated 2015
Buildings 2
Stories 2
Lot Size (SqFt) 4,105
Zoning CCC3YY
Parking Spaces 4 spaces
Parking Per SqFt 1.37
Investment Type Owner/User
Ground Lease No

Multifamily | 4 Units | $448,750/unit

Marketing description

Remarks: Rare opportunity! Live in 1 and rent the others. Add an ADU for additional income. Fourplex with detached garages and accessory rooms located along the western Culver City Redevelopment Corridor, surrounded by Marina Del Rey, Playa Vista, Venice and Santa Monica and adjacent a residential single-family neighborhood. Major developments were completed and in planning along this Washington Boulevard corridor as well as the entire westside. Perfect for an investor or an owner/user. The property has many interior upgrades, is well maintained and fully occupied, and has considerable upside potential. Features include hardwood floors, new bathroom tubs, tiling and fixtures, large rooms and closets, upgraded windows, blinds, lighting and hardware throughout. Rear alley entrance to garages. New roof, fully fenced metal perimeter with gates and push button locks. Garage space is available for each unit. New electric service and meters with an extra meter for a laundry room. The buildings are easy to maintain. Separate gas and electric meters for each unit. Culver City schools and Culver City Police. Upside Potential (a) Convert 2 double garages into ADU units with adjacent parking off the alley and separate entries; (b) rent upside in the units; (c) convert the accessory rooms in the rear to laundry rooms; (d) purchase the mirror image fourplex next door and combine lot square footage for future redevelopment value. May make a great exchange up leg for one or both buildings. (Selling broker has ownership interest in the building)

Investment highlights

Listing Contacts

GH
CA #01788875
RE/MAX Alliance Group
Listed by RE/MAX Alliance Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$83,471.00
$6,955.92/mo

Valuation Metrics

0
DSCR
4.65%
Cap Rate
4.65%
ROI

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Additional Information

Name
Susan Rodriguez
License
01757344
Brokerage
RE/MAX Alliance Group
Brokerage Phone
310-678-5544
Title
Broker of Record
Brokerage Address
Re/MAX Alliance Group Los Angeles
Name
Gary Haddock
License
#01788875
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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