11401 Washington Pl 13BR Marina Del Rey La


Property

Website:https://www.nestseekers.com/5591927
Address:
11401 Washington Pl
LOS ANGELES, CA 90066
Cross street:Washington Place & Bledsoe Avenue
Ownership: For Sale
Bedrooms: 13 BR
Bathrooms: 10
Area: 7753 sq ft
Lot Size: 0.2 Acres

Financials

Price:$2,795,000
Annual Taxes:$34,937

Description

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.

Contact

271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Shield CRE, Inc.

11401 Washington Pl LOS ANGELES CA 90066 USA