Property listed by Kidder Mathews of California, Inc., Casey Lins 858-369-3010
$2,395,000
We are pleased to present the opportunity to acquire 11417 Washington Place, a prime 10-unit multifamily property located in the highly sought-after Mar Vista submarket of West Los Angeles. Situated just west of the 405 Freeway and south of Venice Boulevard, this property offers exceptional access to neighboring cities including… Read More Culver City, Marina del Rey, Santa Monica, and Venice Beach. Residents enjoy a premier lifestyle with proximity to Silicon Beach, home to major employers such as Google, Apple, YouTube, Snap Inc., Beats by Dre, Hulu, Amazon, Facebook, and more. This generational, two-story asset, built in 1948, comprises 8,750 rentable square feet on a 7,508 square foot LAR3-zoned lot. The well-balanced unit mix includes 3 two-bedroom, two-and-a-half-bath units, 6 one-bedroom, one-bath units, and 1 studio unit. The property also offers alley access and 9 uncovered parking spaces, providing tenants with convenient parking in an area where it is otherwise limited. Offered at a 4.35% CAP Rate and a 13.48 GRM based on current rents, with significant upside potential to operate at a 9.08% CAP Rate and 7.86 GRM at market rents, this asset presents a compelling investment opportunity. Whether you are seeking long-term appreciation or cash flow, 11417 Washington Place is positioned in one of the most stable and desirable coastal markets in Los Angeles. Contact the listing broker for additional information. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
12
Square Ft.
8,750
Lot Size
0.17 Acres
Year Built
1948
MLS Number
25577497
30 Days Snapshot Of 90066
$2.45M
-1%
(avg) sold price
26
-38%
homes sold
47
-17%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1948, Building area total: 8,750, Levels: Two, Living area: 8750, 2 stories, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Heating
WallFurnace
Income
Gross income: $177,732, Net operating income: $104,188
Lot
0.1724 acres, 7,508 square feet, Size: 7,508
Parking
9 open parking spaces, 9 totals parking, Uncovered
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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