Prime Mar Vista location and excellent value-add opportunity offered at 11340 National Blvd.! 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 & 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 & 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 & electric. Laundry Income is approx. $1,600/year.
Property Details
Price:
$3,995,000
MLS #:
24369447
Status:
Pending
Baths:
0
Address:
11340 National Boulevard
Type:
Residential Income
Neighborhood:
c13palmsmarvista
City:
Los Angeles
Listed Date:
Mar 15, 2024
State:
CA
ZIP:
90064
Lot Size:
8,384 sqft / 0.19 acres (approx)
Year Built:
1969
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Dishwasher, Refrigerator
Heating
Wall Furnace
Exterior
Parking Features
Attached Carport, Community Structure, Controlled Entrance
Parking Spots
11.00
Stories Total
2
Financial
Map
Community
- Address11340 National Boulevard Los Angeles CA
- AreaC13 – Palms – Mar Vista
- CityLos Angeles
- CountyLos Angeles
- Zip Code90064
Similar Listings Nearby
- 1334 Barry Avenue
Los Angeles, CA$5,150,000
2.05 miles away
- 6935 Trolleyway
Playa del Rey, CA$5,149,500
4.82 miles away
- 7113 La Tijera Boulevard
Los Angeles, CA$5,000,000
4.80 miles away
- 1437 9th Street
Santa Monica, CA$5,000,000
3.27 miles away
- 1017 5th Street
Santa Monica, CA$4,995,000
3.86 miles away
- 1311 Euclid Street
Santa Monica, CA$4,995,000
3.15 miles away
- 2626 Cloverfield Boulevard
Santa Monica, CA$4,995,000
1.77 miles away
- 2306 3rd Street
Santa Monica, CA$4,950,000
3.31 miles away
- 3840 Inglewood Boulevard
Los Angeles, CA$4,900,000
1.41 miles away
- 1426 Main Street
Venice, CA$4,875,000
3.36 miles away
Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
11340 National Boulevard
Los Angeles, CA
LIGHTBOX-IMAGES