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Property Description

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.

Features
: Wall Furnace
2
: In Garage, Community
0
Additional Information
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CLW-X74829
CLW-X8146110
Heather
4250026008
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Multi-Family For Sale

11340 National Boulevard, Los Angeles, California 90064

11,112 Sqft
$3,995,000
Listing ID #24369447
Basic Details
Status : Active under contract
DaysOnMarket : 47
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24369447
Price : $3,995,000
Living Area : 11,112 Sqft
Lot Size : 8,384 Sqft
Year Built : 1969
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90064
Price Per Square Foot : $360
ModificationTimestamp : 2024-05-01 12:36:24
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