11340 National Boulevard
$3,995,000
18
18
11,112
11,112
$360
Listed By Compass
Pending
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
Property Details for 11340 National Boulevard
Zoning
LAR3
Parcel Number4250026008
Total Units11.0
Living Area11112
Source Living AreaVendor Enhanced
AreaPalms - Mar Vista (C13)
Vacancy Rate2%
Lot Size Area8384
LISTING UPDATED: 08/19/2024 12:12 PM
Property Details for 11340 National Boulevard
Status | Pending |
---|---|
MLS # | 24-369447 |
Days on Market | 43 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1969 |
Lot Size | 0.19 AC / 8,384 SF |
County | Los 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
Property History for 11340 National Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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