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11340 National Blvd
Los Angeles CA 90064 US

$3,995,000

Active Listing ID 24-369447
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18 bed
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Lot: 0.19 Acres
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Other

$3,995,000

Active Listing ID 24-369447
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11340 National Blvd 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.

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Property Features

  • Facts
  • Lot Size: 0.19 Acres
  • Property Type: Residential
  • Property Sub-type: Other
  • Features
  • Cooling System: Wall Unit(s) A/C

Property

  • propertytype: Residential
  • propertysubtype: Other
  • listprice: 3995000
  • unparsedaddress: 11340 National Blvd
  • postalcity: Los Angeles
  • stateorprovince: CA
  • country: US
  • postalcode: 90064
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1925
  • lotsizeunits: Acres
  • lotsizearea: 0.1925
  • livingarea: 11112
  • livingareaunits: Square Feet
  • listagentfullname: Heather Shawver
  • listagentemail: Info@TheHeatherGroup.com
  • listagentkey: 3yd-CLAWCA-X74829
  • listagentmlsid: X74829
  • listagentpreferredphone: 3104377500
  • listagentofficephone: 3104377500
  • listofficekey: 3yd-CLAWCA-X8146110
  • listofficemlsid: X8146110
  • disclaimer: Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • yearbuilt: 1969
  • listingcontractdate: 2024-03-15
  • listagenturl: https://www.compass.com/
  • countyorparish: Los Angeles
  • parcelnumber: 4250-026-008
  • cooling: Wall Unit(s) A/C
  • numberofunitstotal: 11
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 11
  • parkingfeatures: Carport, Garage
  • waterfrontyn: False
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 4/14/2024 4:06:21 PM GMT
Source Updated Date: 4/28/2024 6:53:11 AM GMT

Courtesy of: Heather Shawver, Compass, Info@TheHeatherGroup.com

Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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