Active

11401 Washington Pl

Los Angeles CA, 90066

$3,225,000


$452.38 per sqft

Active

13 Beds

10 Baths

7,129 sqft

Multi-family

Built in 1954

We proudly present 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.

24-403395

MLS ID

June 12, 2024

Listed

October 14, 2024

Updated

Map

11401 Washington Pl
Los Angeles CA, 90066

Interior Features

Total Stories

0


Bedrooms

13


Total Bathrooms

10


Appliances

Range/Oven, Ceiling Fan


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window, Ceiling Fan


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.18 Acres

Other Property Details

Area Name

Palms - Mar Vista


Days on Market

115


Garage

Yes


Parking

Assigned, Garage Is Attached


Parking Total

7


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listed by Matthew R. Kanner with Keller Williams Realty Los Feliz
Listing Contact: 323-664-9033 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Michael Grady shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/14/2024

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