11340 National Boulevard

Los Angeles, CA 90064

$3,995,000
Price
18
Beds
18
Baths
11,112 Sq. Ft.
$360 / Sq. Ft.
11,112
Sq. Ft.
$360
per Sq. Ft.

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...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.

Listing Agents

  1. The Heather Group

    The Heather Group

    Listing Agent

    Compass

    DRE #01423475

  2. Heather Shawver

    Heather Shawver

    Listing Agent

    Compass

    DRE #01423475

  3. Heather Rogers

    Heather Rogers

    Alternative Listing Agent

    Compass

    DRE #01858222

Property Details for 11340 National Boulevard

Zoning
LAR3
Parcel Number
4250026008
Total Units
11.0
Living Area
11112
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)
Vacancy Rate
2%
Lot Size Area
8384
LISTING UPDATED: 08/19/2024 12:12 PM

Property Details for 11340 National Boulevard

StatusPending
MLS #24-369447
Days on Market43
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.19 AC / 8,384 SF
CountyLos Angeles County

Building Information for 11340 National Boulevard

Stories2Residences-Year Built1969Building Size-Lot Size0.19 AC / 8,384 SF

Property Information for 11340 National Boulevard

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: multi-family
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $295,128
  • Net Operating Income: $209,368.00
  • Gross Income: $1,600
  • Cap Rate: 4.92%
  • Gross Rent Multiplier: $14.40
  • Actual Annual Gross Rent: $293,508.00
  • Laundry Income: $1,600
  • Total Annual Expense: 85760
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1925
  • Lot Size Square Feet: 8384
  • Lot Size Dimensions: 63x132
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport Attached, Community Garage, Controlled Entrance
  • Total Parking: 11
  • Parking Features: Attached Carport, Community Structure, Controlled Entrance
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Freezer, Refrigerator, Range/Oven, Recirculated Exhaust Fan
  • Laundry: Community, Garage
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,168.00
  • Unit Actual Rent: $2,168.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,758.00
  • Unit Actual Rent: $2,758.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,218.00
  • Unit Actual Rent: $2,218.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,288.00
  • Unit Actual Rent: $2,288.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,826.00
  • Unit Actual Rent: $1,826.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,848.00
  • Unit Actual Rent: $1,848.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 9 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,288.00
  • Unit Actual Rent: $2,288.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 10 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit 11 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,015.00
  • Unit Actual Rent: $2,015.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,111,868.00
  • Assessed Improvement Percent: 75.01
  • Assessed Land Value: $370,513.00
  • Assessed Land Percent: 24.99
  • Assessed Total Value: $1,482,381.00

Property History for 11340 National Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11340 National Boulevard

Taxable ValueLand$2,856,000Additions$1,912,500Total$4,768,500
Tax Record2024$58,919 ($4,910 / month)
Home Facts
Total Finished SqFt11,112 SqFtAbove Grade Finished SqFt11,112 SqFtLot Size8,382 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningLAR3CountyLOS ANGELESAPN4250-026-008

Schools near 11340 National Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Mar Vista Elementary School
PublicK to 5

Daniel Webster Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Magnolia Science Academy 4 School
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, The Heather Group, DRE #01423475; Compass, Heather Shawver, DRE #01423475; Compass, Heather Rogers, DRE #01858222

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.