11401 Washington Pl Immeuble residentiel 10 lots 2 406 663 € (240 666 €/Lot) Taux de capitalisation 5,30 % Los Angeles, CA 90066

ASSET
10-unit apartment located in Mar Vista. The property is comprised of (3) 2-bedroom/1-bathroom units and (7) 1-bedroom/1-bathroom units on a 7,753-SF corner lot. One of the 1-bedrooms units is currently vacant. The plumbing and electrical were upgraded in 2025. Some of the units have been renovated with hardwood floors, newer windows, quartz counters and modern upgrades in the kitchens and bathrooms. The property features 7 garages and an on-site laundry facility, which both generate additional annual income. The garages and large lot present a desirable opportunity to add ADUs.
LOCATION
11401 Washington Place is located west of Sawtelle Boulevard in the prime Mar Vista neighborhood, with convenient access to Marina Del Rey, Venice, Culver City, Santa Monica, and Playa Vista, offering an abundance of dining, entertainment, beach, and lifestyle amenities. The property is adjacent to Silicon Beach, Culver City and the many technology and entertainment companies on the Westside, including Sony Pictures, Amazon Studios, Google, Meta, One Culver, Apple, Electronic Arts, Snap, and Hulu.
FINANCIALS
This 7,129-SF investment opportunity presents stable-in place rents as well as legitimate rental upside. The asset contains a current cap rate of 5.30% and current GRM of 12.30 with a pro-forma cap rate of 7.39% and pro-forma GRM of 9.64.

Please do not disturb tenants. Buyer to conduct their own due diligence and investigation.