11741 W Washington Blvd - Apartments FOR SALE


Culver City, CA 90066
$2,399,000 USD
310-266-9585
11741 W Washington Blvd, Culver City, CA for Sale
$2,399,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

11741 W Washington Blvd
Culver City, CA 90066


HIGHLIGHTS

  • *** SUBMIT ALL OFFERS *** ALL REASONABLE OFFERS TO BE CONSIDERED ***
  • Incredible Culver City Corner Lot Location with Excellent Neighborhood Parking
  • Incredible Upside Potential. Ideally Located Near Many Coffee Shops and Restaurants

OVERVIEW

* PLEASE READ THE ENTIRE DESCRIPTION * SELLER IS MOTIVATED. ALL REASONABLE OFFERS WILL BE CONSIDERED. Douglas Elliman Commercial is proud to present an exceptional investment opportunity with outstanding value-add upside potential in this six (6)-unit multi-family property situated on a highly desirable corner lot in a coveted area of Culver City with strong and consistent rental demand. Boasting a classic mid-century architecture and featuring an excellent unit mix of four (4) spacious two (2)-bedroom units and two (2) generously sized one (1)-bedroom units. Privately owned and family-operated for nearly 30 years, the sale is solely prompted by an unexpected and recent family member passing. * Typical income/expense records are not available for this property as it has been under managed for some time which provides a new owner an opportunity to optimize the potential inefficiencies in management operations and increase annual revenue. Many rents are below market value, providing a clear path for revenue growth through rental adjustments. An experienced investor could reposition the asset to achieve a strong and favorable cash flow. This property is prime for a savvy buyer who recognizes its untapped potential; can implement strategic improvements, and unlock significant value in a high-demand market.

FOR SALE DETAILS

PRICE

$2,399,000 USD

PRICE/SF

$546 USD /SF

# OF UNITS

6

PRICE/UNIT

$399,833

CAP RATE

Request Cap Rate

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

11741 W Washington Blvd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,006 SF

ZONING

C3

APN/PARCEL ID

4233-012-017

ASK ABOUT THIS PROPERTY

Jason FroehlichDouglas Elliman CommercialMore Info
310-266-9585

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Jason FroehlichDouglas Elliman CommercialMore Info
310-266-9585

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