$3,475,000
$3,995,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
18 Beds
18 Baths
11,112 SqFt
SOLD DATE : 12/19/2024
Key Details
Sold Price $3,475,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,112 sqft
Price per Sqft $312
MLS Listing ID 24369447
Sold Date 12/19/24
Bedrooms 18
HOA Y/N No
Year Built 1969
Lot Size 8,385 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Appliance Dishwasher, Refrigerator
Laundry Common Area, In Garage
Exterior
Parking Features Attached Carport, Controlled Entrance, Community Structure
Attached Garage Yes
Total Parking Spaces 11
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4250026008
Special Listing Condition Standard
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Bought with Orrin Karp • North Real Estate Services
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "