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11600 National Blvd

15 Unit Apartment Building $10,600,000 ($706,667/Unit) 3.59% Cap Rate Los Angeles, CA 90064

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INVESTMENT HIGHLIGHTS

Brand New 2024 Construction
Highly Desirable Westdale Submarket of Mar Vista
Rooftop Deck with 360 Degree Views

13 of 15 Units Not Subject to Rent Control
Close Proximity to Premier Westside Beach Neighborhoods
Modern Kitchens w/ New Stainless-Steel Appliances, In Unit Washer & Dryer, Central AC/Heat, Spacious Bedrooms w/ Walk-In Closets, Recessed Lights

EXECUTIVE SUMMARY

We are pleased to present a newly constructed, 15-unit multifamily property located at 11600 National Blvd. in the highly desirable Mar Vista neighborhood. A significant advantage of this offering is that 13 of the 15 units are not subject to LA City rent control, providing greater flexibility for future rent adjustments. The property features all spacious 1-bedroom/1-bathroom units, each equipped with modern amenities including brand new stainless-steel appliances, in-unit washer/dryers, central AC/heat, spacious bedrooms with walk-in closets, and recessed lighting. Residents can also enjoy a rooftop deck with panoramic 360-degree views. The prime location offers close proximity to premier Westside beach neighborhoods, further enhancing the property's appeal and potential for strong rental income.

11600 National Blvd compressed

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$609,012	$40.60
Other Income	-	-
Vacancy Loss	$18,270	$1.22
Effective Gross Income	$590,742	$39.38
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$210,437	$14.03
Net Operating Income	$380,305	$25.35

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$609,012
Annual Per SF	$40.60

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	$18,270
Annual Per SF	$1.22

Effective Gross Income
Annual	$590,742
Annual Per SF	$39.38

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$210,437
Annual Per SF	$14.03

Net Operating Income
Annual	$380,305
Annual Per SF	$25.35

PROPERTY FACTS

Price	$10,600,000	Apartment Style	Mid-Rise
Price Per Unit	$706,667	Building Class	B
Sale Type	Investment	Lot Size	0.18 AC
Cap Rate	3.59%	Building Size	15,000 SF
Gross Rent Multiplier	17.41	No. Stories	4
No. Units	15	Year Built	2024
Property Type	Multifamily	Parking Ratio	0.93/1,000 SF
Property Subtype	Apartment

Price	$10,600,000
Price Per Unit	$706,667
Sale Type	Investment
Cap Rate	3.59%
Gross Rent Multiplier	17.41
No. Units	15
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	B
Lot Size	0.18 AC
Building Size	15,000 SF
No. Stories	4
Year Built	2024
Parking Ratio	0.93/1,000 SF