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.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/2/2024