27
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$2,395,000
Est. payment /mo
8,750 SqFt
Active
11417 Washington Place Los Angeles, CA 90066
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,750 sqft
Price per Sqft $273
MLS Listing ID CL25577497
HOA Y/N No
Year Built 1948
Lot Size 7,508 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
We are pleased to present the opportunity to acquire 11417 Washington Place, a prime 10-unit multifamily property located in the highly sought-after Mar Vista submarket of West Los Angeles. Situated just west of the 405 Freeway and south of Venice Boulevard, this property offers exceptional access to neighboring cities including Culver City, Marina del Rey, Santa Monica, and Venice Beach. Residents enjoy a premier lifestyle with proximity to Silicon Beach, home to major employers such as Google, Apple, YouTube, Snap Inc., Beats by Dre, Hulu, Amazon, Facebook, and more. This generational, two-story asset, built in 1948, comprises 8,750 rentable square feet on a 7,508 square foot LAR3-zoned lot. The well-balanced unit mix includes 3 two-bedroom, two-and-a-half-bath units, 6 one-bedroom, one-bath units, and 1 studio unit. The property also offers alley access and 9 uncovered parking spaces, providing tenants with convenient parking in an area where it is otherwise limited. Offered at a 4.35% CAP Rate and a 13.48 GRM based on current rents, with significant upside potential to operate at a 9.08% CAP Rate and 7.86 GRM at market rents, this asset presents a compelling investment opportunity. Whether you are seeking long-term appreciation or cash flow, 11417 Washington Place is position
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 4214007006
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Casey Lins • Kidder Mathews of California, Inc.
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289