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11600 National Blvd 15 Unit Apartment Building $9,700,000 ($646,667/Unit) 3.79% Cap Rate Los Angeles, CA 90064
INVESTMENT HIGHLIGHTS
- Excellent Mar Vista Location
- Close Proximity to Premier Westside Beach Neighborhoods
- Beautiful Views & Rooftop Deck
- Brand New Construction
- No Rent Control on 13 of 15 Units
EXECUTIVE SUMMARY
We are pleased to present a newly constructed, 15-unit multifamily property located at 11600 National Blvd. in the highly desirable Mar Vista neighborhood. A significant advantage of this offering is that 13 of the 15 units are not subject to LA City rent control, providing greater flexibility for future rent adjustments. The property features all spacious 1-bedroom/1-bathroom units, each equipped with modern amenities including brand new stainless-steel appliances, in-unit washer/dryers, central AC/heat, spacious bedrooms with walk-in closets, and recessed lighting. Residents can also enjoy a rooftop deck with panoramic 360-degree views. The prime location offers close proximity to premier Westside beach neighborhoods, further enhancing the property's appeal and potential for strong rental income.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$583,776
|
$41.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$17,513
|
$1.24
|
| Effective Gross Income |
$566,263
|
$40.10
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$198,413
|
$14.05
|
| Net Operating Income |
$367,850
|
$26.05
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $583,776 |
| Annual Per SF | $41.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $17,513 |
| Annual Per SF | $1.24 |
| Effective Gross Income | |
|---|---|
| Annual | $566,263 |
| Annual Per SF | $40.10 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $198,413 |
| Annual Per SF | $14.05 |
| Net Operating Income | |
|---|---|
| Annual | $367,850 |
| Annual Per SF | $26.05 |
PROPERTY FACTS
| Price | $9,700,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $646,667 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 3.79% | Building Size | 14,123 SF |
| Gross Rent Multiplier | 16.62 | No. Stories | 4 |
| No. Units | 15 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 0.99/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Residential | ||
| Price | $9,700,000 |
| Price Per Unit | $646,667 |
| Sale Type | Investment |
| Cap Rate | 3.79% |
| Gross Rent Multiplier | 16.62 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.18 AC |
| Building Size | 14,123 SF |
| No. Stories | 4 |
| Year Built | 2024 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | LAR3 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 15 | - | 700 - 850 |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 4250-008-010 | Improvements Assessment | $3,855,070 |
| Land Assessment | $2,162,635 | Total Assessment | $6,017,705 |
PROPERTY TAXES
Parcel Number
4250-008-010
Land Assessment
$2,162,635
Improvements Assessment
$3,855,070
Total Assessment
$6,017,705
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11600 National Blvd
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