Under Contract

Active Under Contract

11340 National Boulevard

Los Angeles CA, 90064

$3,995,000


$359.52 per sqft

Under Contract

Active Under Contract

18 Beds

18 Baths

11,112 sqft

Residential

Built in 1969

Listed by Heather Shawver with Compass 310-437-7500

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.

24369447

MLS ID

March 15, 2024

Listed

July 14, 2024

Updated

Map

11340 National Boulevard
Los Angeles CA, 90064

Interior Features

Total Stories

1


Bedrooms

18


Total Bathrooms

18


Appliances

Dishwasher, Refrigerator


Laundry Description

Common Area, In Garage


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.19 Acres

Other Property Details

Area Name

C13 - Palms - Mar Vista


Days on Market

47


Garage

Yes


Parking

Attached Carport, Controlled Entrance, Community Structure


Parking Total

11


View

No


County

Los Angeles


Pool

No


Zoning

LAR3


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

5/1/2024

Under Contract

4/12/2024

Price Change

$3,995,000

-6%

Listing Contact: 310-437-7500 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 7/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 7/14/2024 at 6:19 AM UTC

 

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