11741 W Washington Blvd | 11741 W Washington Blvd
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11741 W Washington Blvd 11741 W Washington Blvd
6 Unit Apartment Building $2,399,000 ($399,833/Unit) Culver City, CA 90066
Investment Highlights
- Incredible Culver City Corner Lot Location with Excellent Neighborhood Parking
- Incredible Upside Potential
- Ideally Located Near Many Coffee Shops and Restaurants
Executive Summary
* PLEASE READ THE ENTIRE DESCRIPTION *
Douglas Elliman Commercial is proud to present an exceptional investment opportunity with outstanding value-add upside potential in this six (6)-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 four (4) spacious two (2)-bedroom units and two (2) generously sized one (1)-bedroom units.
Privately owned and family-operated for nearly 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.
Many rents are below market value, 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.
Douglas Elliman Commercial is proud to present an exceptional investment opportunity with outstanding value-add upside potential in this six (6)-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 four (4) spacious two (2)-bedroom units and two (2) generously sized one (1)-bedroom units.
Privately owned and family-operated for nearly 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.
Many rents are below market value, 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.
Financial Summary (Pro forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$198,720
|
$45.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$198,720
|
$45.20
|
| Taxes |
$26,989
|
$6.14
|
| Operating Expenses |
$28,610
|
$6.51
|
| Total Expenses |
$55,599
|
$12.65
|
| Net Operating Income |
$143,121
|
$32.56
|
Financial Summary (Pro forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $198,720 |
| Annual Per SF | $45.20 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $198,720 |
| Annual Per SF | $45.20 |
| Taxes | |
|---|---|
| Annual | $26,989 |
| Annual Per SF | $6.14 |
| Operating Expenses | |
|---|---|
| Annual | $28,610 |
| Annual Per SF | $6.51 |
| Total Expenses | |
|---|---|
| Annual | $55,599 |
| Annual Per SF | $12.65 |
| Net Operating Income | |
|---|---|
| Annual | $143,121 |
| Annual Per SF | $32.56 |
Property Facts
| Price | $2,399,000 | Building Class | C |
| Price Per Unit | $399,833 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 4,396 SF |
| No. Units | 6 | Average Occupancy | 67% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1955 |
| Apartment Style | Low Rise | Parking Ratio | 1.36/1,000 SF |
| Price | $2,399,000 |
| Price Per Unit | $399,833 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,396 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.36/1,000 SF |
Unit Amenities
- Air Conditioning
- Storage Space
- Heating
- Oven
- Tub/Shower
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,510 | 1 |
| 1+1 | 2 | $1,971 | 1 |
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Walk Score ®
Very Walkable (79)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 4233-012-017 | Total Assessment | $576,347 (2024) |
| Land Assessment | $395,214 (2024) | Annual Taxes | $26,989 ($6.14/SF) |
| Improvements Assessment | $181,133 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
4233-012-017
Land Assessment
$395,214 (2024)
Improvements Assessment
$181,133 (2024)
Total Assessment
$576,347 (2024)
Annual Taxes
$26,989 ($6.14/SF)
Tax Year
2025
zoning
| Zoning Code | C3, Culver City (Buyer to Verify) |
| C3, Culver City (Buyer to Verify) |
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11741 W Washington Blvd | 11741 W Washington Blvd
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