Multi-Family for sale in Southern California — $2,795,000. 13 beds · 10 baths · 7,129 sqft. 10-Unit Investment Opportunity in Mar Vista: Well-located Westside apartment asset in one of Los Angeles' most desirable rental markets. Recent System Upgrades: Plumbing and electrical systems were upgraded in 2025.…
$2,795,000
11401 Washington Place, Los Angeles, CA 90066
10-Unit Investment Opportunity in Mar Vista: Well-located Westside apartment asset in one of Los Angeles' most desirable rental markets. Recent System Upgrades: Plumbing and electrical systems were upgraded in 2025. Prime Westside Location: Convenient access to Marina Del Rey, Venice, Santa Monica, Culver City, and Playa Vista, providing tenants with premier dining, entertainment, beach, and lifestyle amenities. Income-Generating Amenities & ADU Potential: 7 garages and on-site laundry facility generate additional income, while the 7,753-SF lot and parking area present desirable opportunity to add ADUs (Buyer to Verify). Strong Cash Flow & Rental Upside: Offering a 5.30% current cap rate and 12.30 GRM with upside to a 7.39% pro-forma cap rate and 9.64 GRM. Attractive Unit Mix: Comprised of (3) 2-bedroom/1-bathroom units and (7) 1-bedroom/1-bathroom units, including one vacant 1-bedroom unit.Renovated Units: Select units feature hardwood floors, newer windows, quartz countertops, and modern kitchen and bathroom upgrades. Adjacent to Silicon Beach: Close proximity to Sony Pictures, Amazon Studios, Google, Meta, Apple, One Culver, Electronic Arts, Snap, Hulu, and other major Westside employers supporting strong tenant demand.
Listing updated: July 2, 2026 at 12:24 AM
Listed by: Jonathan Nikfarjam, Shield CRE, Inc.
Source: CRMLS, MLS#: 26851705, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
6/24/2026 Source: CRMLS, #26851705 | Listed for sale | $2,795,000$392/sqft |
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