11503 Washington Boulevard

Los Angeles, CA 90066

$1,613,000
Last Sold Price
8
Beds
4
Baths
3,224 Sq. Ft.
$500 / Sq. Ft.
3,224
Sq. Ft.
$500
per Sq. Ft.

Description

We are pleased to present 11503 Washington Place. A four-unit apartment building in Los Angeles' desirable Mar Vista neighborhood proximate to Silicon Beach. This offering presents an excellent value-add opportunity in a sought-after coastal sub-market. The property consists of a two-story, 1950 construction front building with four two-bedroom/one-bath units and a rear building that contains shared laundry facilities and two two-car garages. The units average 806 square feet, are separately metered...We are pleased to present 11503 Washington Place. A four-unit apartment building in Los Angeles' desirable Mar Vista neighborhood proximate to Silicon Beach. This offering presents an excellent value-add opportunity in a sought-after coastal sub-market. The property consists of a two-story, 1950 construction front building with four two-bedroom/one-bath units and a rear building that contains shared laundry facilities and two two-car garages. The units average 806 square feet, are separately metered for gas and electricity, and have hardwood floors and wall heaters. 11503 Washington Place is located on the corner lot at the intersection of Washington Place and Berryman Street, steps from a coffee shop and blocks to downtown Mar Vista, Farmer's Market, and the highly anticipated Culver Public Market Development. This location offers easy access to the 405 Freeway, major employers such as Apple, Amazon, and Google in both downtown Culver City and Silicon Beach
  1. Listed by Jeffrey Louks • DRE #00908473 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 11503 Washington Boulevard

Zoning
LAR3
Parcel Number
4214011001
Total Units
4.0
Living Area
3224
Source Living Area
Vendor Enhanced
Area
Palms - Mar Vista (C13)
Vacancy Rate
3%
Lot Size Area
5158

Location

Listing Courtesy of Marcus & Millichap, Jeffrey Louks, DRE #00908473

Sold By Marcus & Millichap, Jeffrey Louks, DRE #00908473

Add your commute
LISTING UPDATED: 02/06/2023 02:21 PM

Property Details for 11503 Washington Boulevard

StatusSold
MLS #22-221237
Days on Market28
Taxes$18,940 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1950
Lot Size0.12 AC / 5,158 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jeffrey Louks, DRE #00908473

Sold By Marcus & Millichap, Jeffrey Louks, DRE #00908473

Add your commute

Building Information for 11503 Washington Boulevard

Stories2Residences-Year Built1950Building Size-Lot Size0.12 AC / 5,158 SF

Payment Calculator

$10,381 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,803

Property Taxes

$1,578

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11503 Washington Boulevard

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 2+1
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $86,297
  • Net Operating Income: $48,763.00
  • Gross Income: $86,297
  • Cap Rate: 3.00%
  • Gross Rent Multiplier: $18.83
  • Actual Annual Gross Rent: $86,297.00
  • Financial Info as Of: 11/29/2022
  • Vacancy Allow Dollar: $2,589.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 34944
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1184
  • Lot Size Square Feet: 5158
Parking Details
Parking Details
  • Parking Garage: Detached, Covered Parking
  • Total Parking: 4
  • Covered Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Covered
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-29-2022
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,719.00
  • Unit Actual Rent: $6,876.00
  • Unit Projected Rent: $11,400.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.16%
  • Tax Rate: 1.16%
  • Assessed Improvement Value: $331,500.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $1,326,000.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,657,500.00

Property History for 11503 Washington Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 11503 Washington Boulevard

Taxable ValueLand$708,173Additions$236,053Total$944,226
Tax Record2020$11,859 ($988 / month)
Home Facts
Total Finished SqFt3,224 SqFtAbove Grade Finished SqFt3,224 SqFtLot Size5,158 SqFtStyleQuadraplexYear Built1950Year Renovated1950ZoningLAR3CountyLOS ANGELESAPN4214011001

Schools near 11503 Washington Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Grand View Boulevard Elementary School
PublicK to 5

Marina Del Rey Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Icef Vista Middle Academy
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jeffrey Louks, DRE #00908473

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.