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11503 W Washington Boulevard, Los Angeles, CA 90066
2
beds
1
bath
3224
ft2
· 5158
ft2 lot
$1,675,000
$520 / ft2
Listing provided courtesy of Steven Bogoyevac, Steven M. Bogoyevac, Broker.
Source CRMLS.
NOTE: Map may be showing incorrect location. Correct maps location is 11503 Washington Place. 11503 Washington Place is a four-unit apartment building for sale in Los Angeles’ desirable Mar Vista neighborhood proximate to Silicon Beach. With over 35 percent potential upside in rents, this offering presents an excellent value-add opportunity in a sought-after coastal 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. A new investor may consider adding value by converting the area between the buildings that is currently occupied by laundry drying lines into a shared back patio for tenants’ enjoyment. 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, and a solid tenant base with an average household income within one mile over $103,000.
HOA
$—/month
On market
3 months
Year built
1950
Property type
Multi-Family
Parking
4
MLS
PW21014551
Price / Sq.Ft.
$520 / ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Interior Size
•   
Building Area Total: 3224.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 4.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: LAR3
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Corner Lot, Rectangular Lot
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1184
•   
Lot Size Area: 5158.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 4
Property Features
•   
Common Walls: No Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Number Of Separate Gas Meters: 4
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Garage Income: 2580.00
•   
Water Sewer Expense: 0.00
•   
Laundry Income: 1140.00
•   
Cap Rate: 3.62
•   
Fuel Expense: 0.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 0.00
•   
Insurance Expense: 0.00
•   
Total Expenses: 28977.00
•   
Gross Scheduled Income: 88517.00
•   
Operating Expense: 28977.00
•   
Gross Multiplier: 18.92
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 92237.00
•   
Tax Year: 2019
•   
Taxes: 11398.0
Lease Info
•   
Net Operating Income: 60604.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 4
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 0.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1626.00
•   
Unit 1 Total Rent: 4877.00
Multi Unit Information
•   
# Of Units: 1
School Neighborhood & Directions
Location
•   
Community Features: Suburban
School Info
•   
Directions: Corner lot at intersection of Washington Place and Berryman Street
Other
Calculation
•   
Dom: 31
•   
Cdom: 51
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 20, 2021 6:27am
Neighborhood snapshot
107
Properties for sale
14
Median days on market
$874.34
Median sold price/sqft
100.78%
Sold/List %
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Property History
02/22/2021
02/22/2021
CRMLS #PW21014551
active
CRMLS #PW21014551
$1,675,000
--4.29%
01/22/2021
01/22/2021
CRMLS #PW21014551
active
CRMLS #PW21014551
$1,750,000
+118.75%
08/27/2009
08/27/2009
Public Record
sold
Public Record
$800,000
+131.88%
06/18/1989
06/18/1989
Public Record
sold
Public Record
$345,000
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