$3,995,000 Price Analysis   ♡   Los Angeles, CA 90064 18 bed 18 bath 11,112 SqFt ($359/SqFt) 8,384SqFt lot. Built 1969 Listed 2024-03-16, Taxes $18,642 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
Prime Mar Vista location and excellent value-add opportunity offered t 11340 National Blvd.!
* Has Contingent Offer *This 11-unit Mar Vista multifamily asset offers savvy investors significant upside potential through its unique layout and below-market rents. At least 2 units will be delivered updated and vacant, a major advantage in rent-controlled Los Angeles. Bring your expertise to unlock immense value by increasing rents to market rates. With an ideal mix of 1 one-bedroom, 2 one-bedroom + den, 6 two-bedrooms and 2 two-bedroom plus den. This boutique 11, 112 sq ft building includes desirable amenities like on site parking/laundry and sits on an 8, 382 sq.
ft. lot. The prime Mar Vista location provides walkable access to restaurants, shopping, entertainment and quick freeway access and is zoned for the coveted Mar Vista Elementary School. LA's strong multifamily fundamentals, with rising population and shrinking household sizes, further enhance the opportunity. Don't miss this rare chance to acquire an underperforming property primed for optimization to its full potential. Bring your vision to unlock immense upside in the heart of desirable Mar Vista. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime west side location with significant value-add potential. Currently 2 units will be delivered vacant at the close of escrow. All units are separately metered for gas and electric. Laundry Income i s approx. $1, 600/year.
Presented by Heather Shawver at
COMPASS.
Property MLS #24-369447 from TheMLSCLAW
Full Bathrooms: 18
Laundry Features: Community, Garage
Heating Features: Wall
Lot Size Dimensions: 63x132
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 8384
Parking Total: 11
Calculated Total Monthly Association Fees: 0
Number of Units: 11
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 3000, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 3000, 3 BedsTotal: 2, 3 BathsTotal: 1.5, 3 SquareFeet: 2650, 4 BedsTotal: 2, 4 BathsTotal: 1.5, 4 SquareFeet: 2650, 5 BedsTotal: 2, 5 BathsTotal: 1.5, 5 SquareFeet: 2650, 6 BedsTotal: 1, 6 BathsTotal: 1.5, 6 SquareFeet: 2300, 7 BedsTotal: 1, 7 BathsTotal: 1.5, 7 SquareFeet: 2300, 8 BedsTotal: 1, 8 BathsTotal: 1, 8 SquareFeet: 2000, 9 BedsTotal: 2, 9 BathsTotal: 1.5, 9 SquareFeet: 2650, 10 BedsTotal: 2, 10 BathsTotal: 1, 10 SquareFeet: 2650
County: Los Angeles
Cap Rate: 4.92
Directions: Google maps.
Source Property Type: Residential Income
Area: Palms - Mar Vista
Source Neighborhood: Palms - Mar Vista
Parcel Number: 4250-026-008
Postal Code Plus 4: 3741
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,090,067 + $363,249 $1,453,316 | $18,642 |
| 2021 | $1,068,694 + $356,127 $1,424,821 | $18,361 |
| 2020 | $1,057,736 + $352,476 $1,410,212 | $18,529 |
| 2019 | $1,325,631 + $252,324 $1,577,955 | $20,135 |
| 2018 | $1,299,639 + $247,377 $1,547,016 | $19,955 |
| 2017 | $1,274,156 + $242,527 $1,516,683 | $19,502 |
| 2016 | $1,249,173 + $237,772 $1,486,945 | $18,963 |
| 2015 | $1,230,410 + $234,201 $1,464,611 | $18,699 |
| 2014 | $1,206,308 + $229,614 $1,435,922 | $18,823 |
| 2013 | $1,200,857 + $228,577 $1,429,434 | $18,818 |
| 2012 | $1,177,311 + $224,096 $1,401,407 | $19,066 |
| 2010 | $1,154,227 + $219,702 $1,373,929 | $18,707 |
| 2009 | $1,148,323 + $218,580 $1,366,903 | $18,036 |
| 2009 | $1,145,601 + $218,061 $1,363,662 | $18,036 |
| 2008 | $1,125,807 + $214,295 $1,340,102 | $17,299 |
| 2007 | $1,103,733 + $210,094 $1,313,827 | $16,713 |
$3,995,000
TheMLSCLAW
Listed 2024-03-16
$4,250,000
TheMLSCLAW
Sold 2019-05-30
$4,300,000
TheMLSCLAW
Price Changed 2019-04-22
$4,300,000
TheMLSCLAW
Listed 2019-02-12
$4,350,000
TheMLSCLAW
Sold 1988-08-10
$938,000
Public Record
Sold 1978-03-07
$466,000
Public Record
Year Built: 1969
Levels: One Level
Living Area Source: Vendor Enhanced
Property Age: 55
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.