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Stacey Alysson Melman

11401 Washington PL
Los Angeles, CA, 90066
$2,795,000
13 Beds
10 Baths
7,129 SqFt
0.18 Acres
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MLS #26851705 image #0
10-Unit Investment Opportunity in Mar Vista: Well-located Westside apartment asset in one of Los Angeles’ most desirable rental markets. Recent System Upgrades: Plumbing and electrical systems were upgraded in 2025. Prime Westside Location: Convenient access to Marina Del Rey, Venice, Santa Monica, Culver City, and Playa Vista, providing tenants with premier dining, entertainment, beach, and lifestyle amenities. Income-Generating Amenities & ADU Potential: 7 garages and on-site laundry facility generate additional income, while the 7,753-SF lot and parking area present desirable opportunity to add ADUs (Buyer to Verify). Strong Cash Flow & Rental Upside: Offering a 5.30% current cap rate and 12.30 GRM with upside to a 7.39% pro-forma cap rate and 9.64 GRM. Attractive Unit Mix: Comprised of (3) 2-bedroom/1-bathroom units and (7) 1-bedroom/1-bathroom units, including one vacant 1-bedroom unit.Renovated Units: Select units feature hardwood floors, newer windows, quartz countertops, and modern kitchen and bathroom upgrades. Adjacent to Silicon Beach: Close proximity to Sony Pictures, Amazon Studios, Google, Meta, Apple, One Culver, Electronic Arts, Snap, Hulu, and other major Westside employers supporting strong tenant demand.
AGENT: Jonathan Nikfarjam
LISTING BROKERAGE: Shield CRE, Inc.
11401 Washington PL
Los Angeles, CA

Property Details

Price:
$2,795,000
MLS #:
26851705
Status:
Active
Beds:
13
Baths:
10
Type:
Single Family
Neighborhood:
c13palmsmarvista
Listed Date:
Jun 24, 2026
Finished Sq Ft:
7,129
Total Sq Ft:
7,129
Lot Size:
7,753 sqft / 0.18 acres (approx)
Year Built:
1954
C13 – Palms – Mar VistaC13palmsmarvista
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Schools

Interior

Laundry Features
IR
Levels
U

Exterior

Garage Spaces
7
Parking Spots
7
Parking Total
7

Financial

Gross Operating Income
$235,487
Net Operating Income
$148,170

Map

Community

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