11401 Washington Place, Los Angeles, California, United States, 90066

2,795,000
for Sale
7,753

About the property:

10-Unit Investment Opportunity in Mar Vista: Well-located Westside apartment asset in one of Los Angeles' most desirable rental markets. Recent System Upgrades: Plumbing and electrical systems were upgraded in 2025. Prime Westside Location: Convenient access to Marina Del Rey, Venice, Santa Monica, Culver City, and Playa Vista, providing tenants with premier dining, entertainment, beach, and lifestyle amenities. Income-Generating Amenities & ADU Potential: 7 garages and on-site laundry facility generate additional income, while the 7,753-SF lot and parking area present desirable opportunity to add ADUs (Buyer to Verify). Strong Cash Flow & Rental Upside: Offering a 5.30% current cap rate and 12.30 GRM with upside to a 7.39% pro-forma cap rate and 9.64 GRM. Attractive Unit Mix: Comprised of (3) 2-bedroom/1-bathroom units and (7) 1-bedroom/1-bathroom units, including one vacant 1-bedroom unit.Renovated Units: Select units feature hardwood floors, newer windows, quartz countertops, and modern kitchen and bathroom upgrades. Adjacent to Silicon Beach: Close proximity to Sony Pictures, Amazon Studios, Google, Meta, Apple, One Culver, Electronic Arts, Snap, Hulu, and other major Westside employers supporting strong tenant demand.
Property Type:
Multi-Family Home
Status:
for Sale
Acres:
0.178
Square Feet:
7129
Directions:
West of Sawtelle Boulevard, South of Venice Boulevard, North of Washington Boulevard, East of McLaughlin Avenue
Is Art:
Yes
Is Apartment:
Yes
Is Bed:
Yes
Is Entertainment:
Yes
Is Investment:
Yes
Is Laundry:
Yes
Is Marina:
Yes
Is Multi Family:
Yes
Is Market:
Yes
Is Mix:
Yes
Is Other:
Yes
Is Parking:
Yes
Is Unit:
Yes
Listing ID:
26851705

Rooms

Dimensions

Brokered by:
Shield Cre, Inc.
Presented By:

Trevor Pashley

Realtor

Christies International SoCal