11340 National Blvd, Los Angeles, CA 90064
11 Unit Apartment Building | $3,995,000 ($363,182/Unit) | 5.24% Cap Rate | Los Angeles, CA 90064
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 9 days
Asking Price $3,995,000
- Property Type
-
Multifamily
- Square Feet
- 11,120 SF
Listing Contacts
Michael Springer
Verified Profile
- Property Info
Property Overview
Prime Mar Vista location, 11-unit multifamily asset at
11340 National Blvd., offers a compelling value-add
opportunity. With unique layout potential and below-
market rents, at least 2 units will be delivered updated
and vacant, providing a key advantage in rent-
controlled Los Angeles. The 11,112 sq ft building includes
amenities like on-site parking/laundry, sitting on an
8,382 sq. ft. lot. Ideal unit mix: 1 one-bedroom, 2 one-
bedroom + den, 6 two-bedrooms & 2 two-bedroom plus
den. Walkable access to amenities, quick freeway
access, and zoned for Mar Vista Elementary School.
Seismic retrofit mandatory compliance to be completed
by close of escrow. A rare chance for a savvy investor to
optimize an underperforming property in the sought-after Mar Vista Area.
11340 National Blvd., offers a compelling value-add
opportunity. With unique layout potential and below-
market rents, at least 2 units will be delivered updated
and vacant, providing a key advantage in rent-
controlled Los Angeles. The 11,112 sq ft building includes
amenities like on-site parking/laundry, sitting on an
8,382 sq. ft. lot. Ideal unit mix: 1 one-bedroom, 2 one-
bedroom + den, 6 two-bedrooms & 2 two-bedroom plus
den. Walkable access to amenities, quick freeway
access, and zoned for Mar Vista Elementary School.
Seismic retrofit mandatory compliance to be completed
by close of escrow. A rare chance for a savvy investor to
optimize an underperforming property in the sought-after Mar Vista Area.
Property Details
- Class
- C
- Year Built
- 1969
- Stories
- 2
- Lot Size (sq. ft)
- 8,276 SF
- Units
- 11
Highlights
- Centralized Mar Vista Location
- Huge upside in rents
- Great unit mix
Nearby Properties
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