11340 National Blvd
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11340 National Blvd
11 Unit Apartment Building $3,995,000 ($363,182/Unit) 5.24% Cap Rate Los Angeles, CA 90064
Investment Highlights
- Centralized Mar Vista Location
- Great unit mix
- Huge upside in rents
Executive Summary
Prime Mar Vista location, 11-unit multifamily asset at
11340 National Blvd., offers a compelling value-add
opportunity. With unique layout potential and below-
market rents, at least 2 units will be delivered updated
and vacant, providing a key advantage in rent-
controlled Los Angeles. The 11,112 sq ft building includes
amenities like on-site parking/laundry, sitting on an
8,382 sq. ft. lot. Ideal unit mix: 1 one-bedroom, 2 one-
bedroom + den, 6 two-bedrooms & 2 two-bedroom plus
den. Walkable access to amenities, quick freeway
access, and zoned for Mar Vista Elementary School.
Seismic retrofit mandatory compliance to be completed
by close of escrow. A rare chance for a savvy investor to
optimize an underperforming property in the sought-after Mar Vista Area.
11340 National Blvd., offers a compelling value-add
opportunity. With unique layout potential and below-
market rents, at least 2 units will be delivered updated
and vacant, providing a key advantage in rent-
controlled Los Angeles. The 11,112 sq ft building includes
amenities like on-site parking/laundry, sitting on an
8,382 sq. ft. lot. Ideal unit mix: 1 one-bedroom, 2 one-
bedroom + den, 6 two-bedrooms & 2 two-bedroom plus
den. Walkable access to amenities, quick freeway
access, and zoned for Mar Vista Elementary School.
Seismic retrofit mandatory compliance to be completed
by close of escrow. A rare chance for a savvy investor to
optimize an underperforming property in the sought-after Mar Vista Area.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$295,128
|
$26.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$295,128
|
$26.54
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$85,760
|
$7.71
|
| Net Operating Income |
$209,368
|
$18.83
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $295,128 |
| Annual Per SF | $26.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $295,128 |
| Annual Per SF | $26.54 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $85,760 |
| Annual Per SF | $7.71 |
| Net Operating Income | |
|---|---|
| Annual | $209,368 |
| Annual Per SF | $18.83 |
Property Facts In Escrow
| Price | $3,995,000 | Apartment Style | Low Rise |
| Price Per Unit | $363,182 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.24% | Building Size | 11,120 SF |
| Gross Rent Multiplier | 13.5 | No. Stories | 2 |
| No. Units | 11 | Year Built | 1969 |
| Property Type | Multifamily | Parking Ratio | 1.08/1,000 SF |
| Property Subtype | Apartment |
| Price | $3,995,000 |
| Price Per Unit | $363,182 |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| Gross Rent Multiplier | 13.5 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 11,120 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.08/1,000 SF |
Unit Amenities
- Balcony
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 1+1.5 | 2 | - | 850 |
| 2+1.5 | 5 | - | 995 - 1,350 |
| 2+2 | 3 | - | 995 - 1,350 |
1 of 1
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 4250-026-008 | Improvements Assessment | $1,912,500 (2024) |
| Land Assessment | $2,856,000 (2024) | Total Assessment | $4,768,500 (2024) |
PROPERTY TAXES
Parcel Number
4250-026-008
Land Assessment
$2,856,000 (2024)
Improvements Assessment
$1,912,500 (2024)
Total Assessment
$4,768,500 (2024)
zoning
| Zoning Code | LAR3 |
| LAR3 |
-
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COMPASS Commercial
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11340 National Blvd
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