property

12592 Washington Place

Marketed for sale in late 2025/early 2026; PFA terms-and-price negotiation scheduled September 14, 2026; transaction outcome and public purpose not established
At a glance

Ten-unit multifamily property at 12592 Washington Place. A late-2025/early-2026 commercial listing marketed the building for $3.65 million and identified APN 4231-019-060. Culver City's September 14, 2026 Public Finance Authority agenda listed the property in a closed-session real-property negotiation with Odis Jones and Adam Troy as PFA negotiators and Barbara Bills of WIB Holdings LLC as the other party's negotiator, with terms and price under negotiation.

Multifamily apartment property Direct City/PFA agenda record plus contemporaneous commercial listing
What the record shows

Key facts

Address
12592 Washington Place, Culver City, CA 90066
Apn
4231-019-060
Address Discrepancy
City agenda uses Culver City; Crexi uses Los Angeles for the same 90066 address.
Evidence

Sources

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Context note

The City agenda uses '12592 Washington Pl, Culver City CA 90066,' while the commercial listing uses 'Los Angeles, CA 90066'; both source formulations are preserved. The Crexi listing reports a $3.65 million asking price, 10 units, 7,548 square feet, a 7,839-square-foot lot, eight parking spaces, a 1957 construction year and APN 4231-019-060. Marketing statements that the property could be delivered vacant or may support ADUs are seller/broker claims and are not treated as City findings. The City source names WIB Holdings LLC as the other party's negotiator but does not establish title ownership, a completed sale, a purchase price, affordable-housing use or another public purpose.