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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

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.

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
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

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 15 - 700 - 850
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

ZONING

Zoning Code LAR3 (Residential)
LAR3 (Residential)
  • Listing ID: 34716941

  • Date on Market: 2/4/2025

  • Last Updated:

  • Address: 11600 National Blvd, Los Angeles, CA 90064

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