$ 2,395,000
-
$2,395,000
Price -
8
Bed -
8
Bath -
8,750
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing CLW-X82410 - CLW-C128038,SBCOOKVIN
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 1 two-bedroom two bathroom unit, 2 two-bedroom, one-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 9.17% CAP Rate and 7.80 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.
Listing Highlights for 11417 Washington Pl
Status
Active With Contingency
Days on Site
74
Property Type
Multi-Family
MLS ®
25577497
Year Built
1948
Total Square Footage
8,750
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 8
- Bathrooms: 8 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 9
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer:
- Parking Features: Uncovered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4214007006
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Listing Location
Questions About..
11417 Washington Pl Los Angeles, CA 90066
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
