Pending

11340 National Blvd

Los Angeles CA, 90064

$3,995,000


$359.52 per sqft

Pending

18 Beds

18 Baths

11,112 sqft

Multi-family

Built in 1969

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.

24-369447

MLS ID

March 15, 2024

Listed

October 2, 2024

Updated

Map

11340 National Blvd
Los Angeles CA, 90064

Interior Features

Total Stories

2


Bedrooms

18


Total Bathrooms

18


Appliances

Dishwasher, Freezer, Refrigerator, Range/Oven, Recirculated Exhaust Fan


Laundry Description

Community, Garage


Fireplace

No


Cooling

Yes


Cooling Description

Wall Unit(s)


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.19 Acres

Other Property Details

Area Name

Palms - Mar Vista


Days on Market

43


Garage

Yes


Parking

Carport Attached, Community Garage, Controlled Entrance


Parking Total

11


View

No


County

Los Angeles


Pool

No


Zoning

LAR3

Listing History

Date

Event

Price

8/19/2024

Pending

5/1/2024

Under contract

4/12/2024

Price change

$3,995,000

-6%

Listed by Heather Shawver with Compass
Listing Contact: 310-600-9519 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Janin Paine | CA DRE# 00926341 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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Data last updated 10/2/2024

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