$3,225,000 Price Analysis   ♡   Los Angeles, CA 90066 13 bed 10 bath 7,129 SqFt ($452/SqFt) 7,756SqFt lot. Built 1954 Listed 2024-06-12, Taxes $13,088 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
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, 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 rea, giving units a large and vast 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.
Presented by Matthew R. Kanner at
Keller Williams Realty Los Feliz.
Property MLS #24-403395 from TheMLSCLAW
Full Bathrooms: 10
Heating Features: Wall
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7756
Parking Total: 7
Calculated Total Monthly Association Fees: 0
Number of Units: 10
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 18550, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 9750
County: Los Angeles
Directions: 11401 Washington Pl is ideally situated at the border of Mar Vista and Culver City, just 0.4 miles south of Venice Blvd., 0.3 miles southwest of the 405 Fwy, 0.5 miles north of Washington Blvd, and 0.2 miles east of McLaughlin Ave.
Source Property Type: Residential Income
Area: Palms - Mar Vista
Source Neighborhood: Palms - Mar Vista
Parcel Number: 4214-007-004
Postal Code Plus 4: 5051
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $601,602 + $401,062 $1,002,664 | $13,088 |
| 2021 | $589,806 + $393,199 $983,005 | $12,897 |
| 2020 | $583,759 + $389,168 $972,927 | $13,014 |
| 2019 | $572,313 + $381,538 $953,851 | $12,539 |
| 2018 | $561,092 + $374,057 $935,149 | $12,421 |
| 2017 | $550,091 + $366,723 $916,814 | $12,130 |
| 2016 | $539,305 + $359,533 $898,838 | $11,798 |
| 2015 | $531,205 + $354,133 $885,338 | $11,639 |
| 2014 | $520,800 + $347,197 $867,997 | $11,739 |
| 2013 | $518,447 + $345,628 $864,075 | $11,734 |
| 2012 | $508,282 + $338,851 $847,133 | $11,885 |
| 2010 | $498,316 + $332,207 $830,523 | $11,580 |
| 2009 | $495,767 + $330,509 $826,276 | $11,170 |
| 2009 | $494,592 + $329,725 $824,317 | $11,170 |
| 2008 | $486,047 + $324,029 $810,076 | $10,725 |
| 2007 | $476,517 + $317,676 $794,193 | $10,368 |
$3,225,000
TheMLSCLAW
Sold 1986-10-31
$545,000
Public Record
Year Built: 1954
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 70
Year Built Source: Assessor
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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.