10920 National Blvd 13 Unit Apartment Building $4,500,000 ($346,154/Unit) 4.60% Cap Rate Los Angeles, CA 90064

Caroline Schneider of Miller and Desatnik Realty Corp is pleased to present 10290 National Blvd a distinguished 13-unit multifamily investment opportunity situated on a prominent corner lot in the coveted neighborhood of West Los Angeles. This is the first time the property has been on the market in over 30 years!!
This exceptional offering features a well-balanced unit mix comprising nine spacious 1-bedroom/1-bathroom residences, two generous 2-bedroom/2-bathroom apartments, one efficient studio, and one expansive 3-bedroom/2-bathroom unit. The 3 BR is a large penthouse that could potentially attract an owner-occupier. Though currently generating strong rental income, the property presents significant upside potential through strategic rent optimization, creating a value-add opportunity for multi-family investors.
The elegant courtyard-style building encompasses approximately 9,112 square feet of living space on an expansive 10,440-square-foot corner parcel. Residences are thoughtfully arranged around a central courtyard garden, complemented by secured gated entry, convenient on-site laundry facilities, and ample garage parking.
Building is in impeccable condition and has benefitted from several key improvements which include: completion of the required seismic retrofit, balcony inspection, updated electrical system (panels and breakers), replacement of most windows and tasteful modern renovations to the majority of the units.
Strategically positioned in prime West Los Angeles, tenants enjoy easy access to Culver City, Venice, Century City, and both the 10 and 405 freeways