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11401 Washington Pl
Los Angeles, CA 90066 Mar Vista

$2,795,000 USD

Apartments For Sale • 10,512 SF

Property Details

Property Type Apartments
Total Building Size 7,129 SF
Lot Size 0.18 AC
Building Class C
Year Built 1954
Cap Rate 5.30 %
Zoning LAR3

70 Transit Score

70 Walk Score

                
                    Highlights
                
                                10-Unit Investment Opportunity in Mar Vista | Upgraded Plumbing & Electrical (2025
                            
                                Prime Westside Location Near Marina Del Rey, Venice, Culver City, Santa Monica, and Playa Vista 
                            
                                7,129-SF Building on a 7,753-SF Corner Lot | Desirable Opportunity to Add ADUs
                            
                                Updated Units | Total of 7 Garages & an On-Site Laundry Facility – Generate Additional Annual Income
                            
                                5.30% Current Cap Rate & 12.30 Current GRM | 7.39% Pro-Forma Cap Rate & 9.64 Pro-Forma GRM
                            
                                Close Proximity to Silicon Beach, Culver City & Many Surrounding Major Tech Employers

Financial Summary (Actual)

Net Operating Income: $148,170 USD (2025)

Cap Rate:	5.30 %
Total Expenses:	$87,318 USD

Amenities

Laundry Facilities

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	12 min	-	6.4 mi
Bob Hope	30 min	-	21.2 mi
Long Beach (Daugherty Field)	30 min	-	23.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	7
Type:	OneCarGarage
Included in Rent:	Yes

Jonathan Nikfarjam 310-593-9868 Shield Commercial Real Estate

11401 Washington Pl Los Angeles, CA 90066 Mar Vista