11729 W Washington Blvd - Apartments FOR SALE


Los Angeles, CA 90066- Culver-West
$1,250,000 USD
310-266-9585
11729 W Washington Blvd, Los Angeles, CA for Sale
$1,250,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

11729 W Washington Blvd
Los Angeles, CA 90066
Culver-West


HIGHLIGHTS

  • *** SUBMIT ALL OFFERS *** ALL REASONABLE OFFERS TO BE CONSIDERED ***
  • Incredible Culver City Location West of the 405 and Excellent Neighborhood Parking
  • Incredible Upside Potential. Ideally Located Near Many Coffee Shops and Restaurants

OVERVIEW

Douglas Elliman Commercial is proud to present an exceptional investment opportunity with outstanding value-add upside potential in this four (4 )unit multi-family property situated on a highly desirable corner lot in a coveted area of Culver City with strong and consistent rental demand. Boasting a classic mid-century architecture and featuring an excellent unit mix of two (2) spacious two (2) bedroom units and two (2) generously sized one (1) bedroom units. Privately owned and family-operated for more than 30 years, the sale is solely prompted by an unexpected and recent family member passing. * Typical income/expense records are not available for this property as it has been under managed for some time which provides a new owner an opportunity to optimize the potential inefficiencies in management operations and increase annual revenue. One (1) unit is vacant and another is expected to be vacant at the end of August. One (1) of the two (2) bedroom units is in a LONG TERM LEASE for $825.00 per month to a family member. The Asking Price is reflective of this. The other rents are below market; providing a clear path for revenue growth through rental adjustments. An experienced investor could reposition the asset to achieve a strong and favorable cash flow. This property is prime for a savvy buyer who recognizes its untapped potential; can implement strategic improvements, and unlock significant value in a high-demand market.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$456 USD /SF

# OF UNITS

4

PRICE/UNIT

$312,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,793 SF

ZONING

CCC3YY

APN/PARCEL ID

4233-012-014

ASK ABOUT THIS PROPERTY

Jason FroehlichDouglas Elliman CommercialMore Info
310-266-9585

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Jason FroehlichDouglas Elliman CommercialMore Info
310-266-9585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.