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: