Property Listing No Longer Available for Sale

11411 Washington Place, Los Angeles, CA

Multi-family for Sale - $1,600,000 - 3,000 Sq. Ft. on 0.11 acres


Property Info

CIMLS#1096182
Location
  11411 Washington Place
  Los Angeles CA 90066
UpdatedJuly 4th, 2021
TypeMulti-family
Price$1,600,000
Building3,000 Sq. Ft.
Land0.11 acres

Property Description

4-plex in great Mar Vista location, ideally situated near Culver City, Marina Del Rey and Silicon Beach. Ideal unit mix with two 2 bedroom unit and two 1 bedroom units. Close to restaurants, entertainment and trendy retail corridors. Great walk Score and Transit Score. The building has a history of very low vacancy, is well cared for and has great rental upside. The property currently has a large detached four (4) car garage, offering an investor the perfect opportunity to take advantage of current ADU laws to convert these to an additional unit or build on top of them. Ownership has plans for both options. Two garages are being rented as storage units at $450 & $400/ month for additional income! // Current CAP 3.26%, Proforma CAP 5.04%// DO NOT DISTURB TENANTS - INSIDE WITH ACCEPTED OFFERS ONLY.


Financials



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