11401 Washington Place, Los Angeles, CA 90066
- 7,129 sqft
other 
Built in 1954 
7,754sqft lot
—— car garage 
$392/sqft 
Listed 10 days ago
Property 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.
- Listing Status:
- Active
- Date Added:
- June 24, 2026
- Data Last Updated:
- July 5, 2026 at 2:09AM
- Listing Office:
- Shield CRE, Inc. : 310-593-9869
- Listing Agent:
- Jonathan Nikfarjam : 310-593-9868
- MLS ID:
- CL26851705
- Parking: Other
- County: Los Angeles
- Zoning: LAR34214007004
This listing courtesy of Jonathan Nikfarjam , Shield CRE, Inc.
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
