11401 Washington Pl - Apartments FOR SALE


Los Angeles, CA 90066
$3,225,000 USD
323-605-2114
11401 Washington Pl, Los Angeles, CA for Sale
$3,225,000 USD
Apartments - FOR SALE
1/40
null | 4.12% Cap Rate

11401 Washington Pl
Los Angeles, CA 90066


HIGHLIGHTS

  • Coveted West side Mar Vista location close to major tech & finance employers of Silicon Beach; easy access to countless westside recreation,
  • entertainment, shopping, dining, and employment centers
  • Great Unit Mix: 7 (1+1) and 3 (2+1) spacious units w/ hardwood floors, ample closet space, and newer windows for natural light.
  • 7 extra tall Garage parking spaces, almost 10-foot ceilings, making an ideal ADU conversion opportunity
  • Exception Value Add opportunity with 60+% rental upside

OVERVIEW

The Kanner Group proudly presents 11401 Washington Pl, a 2-story, 10-unit value-add multi-family investment opportunity in the highly sought-after Mar Vista neighborhood of West Los Angeles, conveniently situated at the corner of Bledsoe Ave and Washington Pl, just south of Venice Blvd and west of Sawtelle Blvd. Built in 1954, this value-add 7,129 square feet apartment complex consists of 3 (2+1) units with 825 square feet 7 (1+1) units averaging 650 gross livable square feet and (averaging 713+/- square feet per unit), on a 7,753 square foot lot with 7 parking spaces (1 parking space/unit). Unit highlights include hardwood floors, good closet space in the hallway, and good natural sunlight as and newer windows units. Unit kitchens feature ample cabinet space and a separate dining area, giving units a large and spacious feel, and some units have stainless steel ovens. The building has on-site laundry and is separately metered for gas and electricity. Boasting an excellent Walk Score and a Bike Score of 95, 11401 Washington Pl offers residents a world-class location for recreation, entertainment, shopping, dining venues, and employment centers within Mar Vista and its adjacent westside neighborhoods, including Venice Beach, Santa Monica, Marina Del Rey, Culver City, Westwood, Century City, and Beverly Hills. Mar Vista, dotted with picturesque, palm-tree-lined streets, is renowned for its vibrant community and significant transformation fueled by the growth of Silicon Beach. The proximity to major tech and finance employers further elevates Mar Vista's status as a coveted locale for young professionals, families, and students. Residents enjoy easy access to a dynamic blend of innovative dining, shopping, and residential projects, such as The Platform, Culver Center, and the Mar Vista Recreation Center, underscoring the area's appeal to a diverse and highly educated demographic. The neighborhood reflects a unique blend of suburban tranquility and urban convenience, making it an unrivaled choice for those seeking a balanced and enriched lifestyle. 11401 Washington Pl is a prime, value-added investment opportunity with ADU potential on an excellent residential street in the coveted West Side’s Mar Vista/Silicon Beach community. This asset will benefit from significant tenant demand, historically low vacancy rates, and consistently high rental growth rates. This premium asset is poised to enjoy excellent cash flow and considerable appreciation for the foreseeable future.

FOR SALE DETAILS

PRICE

$3,225,000 USD

PRICE/SF

$307 USD /SF

# OF UNITS

10

PRICE/UNIT

$322,500

CAP RATE

4.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,753 SF

ZONING

LAR3

APN/PARCEL ID

4214-007-004

ASK ABOUT THIS PROPERTY

Matthew KannerThe Kanner GroupMore Info
323-605-2114

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Matthew KannerThe Kanner GroupMore Info
323-605-2114

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.