11417 Washington Place

Los Angeles , CA 90066

MLS#: 25577497

$2,395,000

Status: Active
Listing number: 25577497
Listing provided by: Kidder Mathews of California, Inc.
Listing agent phone: None
Last update: 5 days ago
On site: 6 days ago
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Property

Beds

12

Full Baths

None

1/2 Baths

None

Year Built

1948

Sq.Footage

8,750

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.

Features & Amenities

Interior

  • Total Bedrooms

    12

  • Bathrooms

    N/A

  • Heating YN

    YES

  • Heating

    Wall Furnace

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1724

  • Property Type

    Residential Income

Price

  • Sales Price

    $2,395,000

  • Sq. Footage

    8, 750

  • Price/SqFt

    $273

HOA

  • Association

    NO

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Senior Community YN

    NO

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Listing Courtesy of Casey Lins , Kidder Mathews of California, Inc.

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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.

11417 Washington Place

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