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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$2,395,000

Est. payment - /mo

12 Beds

13 Baths

8,750 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,750 sqft

Price per Sqft $273

MLS Listing ID 25577497

Bedrooms 12

HOA Y/N No

Year Built 1948

Lot Size 7,509 Sqft

Property Description

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 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.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 9

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4214007006

Special Listing Condition Standard

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Listed by Casey Lins Kidder Mathews of California, Inc.

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11417 Washington PL Los Angeles, CA 90066