11411 Washington Place, Mar Vista

4 Unit Apartment Building | 3,000 SF Building on 4,997 SF Lot

Current CAP 3.26% and Pro Forma CAP 5.04% | Current GRM 18.28 and Pro Forma GRM 13.54

BUILDING INFO

Excellent value-add opportunity
Ideal 4-plex on Washington Place
Great Unit Mix: (2X) 2 Bedroom Units + (2X) 1 Bedroom Units
Great rental upside
Well cared for
Opportunity to add ADUs and increase income substantially

4-plex in great Mar Vista location, ideally situated near Culver City, Marina Del Rey and Silicon Beach. Ideal unit mix with two 2 bedroom unit and two 1 bedroom units. Close to restaurants, entertainment and trendy retail corridors. Great walk Score and Transit Score. The building has a history of very low vacancy, is well-cared for and has great rental upside. The property currently has a large detached four (4) car garage, offering an investor the perfect opportunity to take advantage of current ADU laws to convert these to an additional unit or build on top of them. Ownership has plans for both options. Two garages are being rented as storage units at $450 each for additional income! // Current CAP 3.26%, Proforma CAP 5.04%// DO NOT DISTRUB TENANTS - INSIDE WITH ACCEPTED OFFERS ONLY.

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Offered at $1,600,000