$1,600,000 SALE
3,000 SF
11411 Washington Place
Los Angeles, CA 90066

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.

Property Type Multi-Family
Year Built 1952
Sub-Lease 4
Zoning LAR3
Listing ID EHJZ99
MLS ID 21-752388
Style Multi Family - 2-4 Units
Building Size 3,000 SF
Lot Size 4997 SF

Property Highlights

Excellent value-add opportunity Ideal 4-plex on Washington Place Great Unit Mix: (2X) 2 Bedroom Units + (2X) 1 Bedroom Units Great Rental Upside Well cared for Opportunity to add ADUs and increase income substantiall

Property Features
Parking Places: 4
Full Bath: 4
Gross Income: $87,504
Expenses: $33,969
Additional Media

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