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Prime West Los Angeles 13 Units 11825 National Blvd 13 Unit Apartment Building $4,850,000 ($373,077/Unit) 5.35% Cap Rate Los Angeles, CA 90064
Investment Highlights
- 13-unit multifamily property in prime West Los Angeles
- Renovated units feature quartz countertops, stainless steel appliances, subway tile backsplashes, and updated bathrooms
- Centrally located near Mar Vista, Palms, Culver City, and Sawtelle
- Desirable unit mix of (5) 2BD/2BA and (8) 1BD/1BA units
- Charming courtyard-style property
- Convenient access to Santa Monica, Century City, UCLA, Silicon Beach, and major Westside employment centers
Executive Summary
Jonathan Taksa of the Taksa Investment Group is pleased to present 11825 National Boulevard, an excellent opportunity to acquire an upgraded 13-unit apartment community in a prime West Los Angeles location. Built in 1971, the property offers an attractive and highly rentable unit mix consisting of five 2-bedroom/2-bath units and eight 1-bedroom/1-bath units.
The property has benefited from substantial interior improvements, with many units having undergone extensive luxury renovations. Upgraded residences feature sleek wood style flooring, remodeled bathrooms, modern kitchens with subway tile backsplashes and quartz countertops, stainless steel appliances, and in-unit washers and dryers. Select units also feature French-door balconies, spacious bedrooms, generous closet space, and en-suite primary bathrooms. Large windows and abundant natural light create bright, inviting interiors throughout the property.
The building features a charming courtyard-style design with controlled intercom entry, providing residents with a more intimate residential environment than a traditional apartment building. The property also offers ample on-site parking.
Located along National Boulevard in the heart of West Los Angeles, the property benefits from its central position between Mar Vista, Palms, Culver City, and Sawtelle, with convenient access to some of the Westside’s most important employment, dining, shopping, and entertainment destinations. Residents enjoy excellent connectivity to Culver City, Century City, Santa Monica, UCLA, Silicon Beach, and the greater Westside, as well as convenient access to the I-10 and I-405 freeways.
The combination of a desirable Westside location, strong unit mix, extensively renovated interiors, and attractive residential amenities makes 11825 National Boulevard a compelling multifamily investment in one of Los Angeles’ most consistently sought-after rental markets.
The property has benefited from substantial interior improvements, with many units having undergone extensive luxury renovations. Upgraded residences feature sleek wood style flooring, remodeled bathrooms, modern kitchens with subway tile backsplashes and quartz countertops, stainless steel appliances, and in-unit washers and dryers. Select units also feature French-door balconies, spacious bedrooms, generous closet space, and en-suite primary bathrooms. Large windows and abundant natural light create bright, inviting interiors throughout the property.
The building features a charming courtyard-style design with controlled intercom entry, providing residents with a more intimate residential environment than a traditional apartment building. The property also offers ample on-site parking.
Located along National Boulevard in the heart of West Los Angeles, the property benefits from its central position between Mar Vista, Palms, Culver City, and Sawtelle, with convenient access to some of the Westside’s most important employment, dining, shopping, and entertainment destinations. Residents enjoy excellent connectivity to Culver City, Century City, Santa Monica, UCLA, Silicon Beach, and the greater Westside, as well as convenient access to the I-10 and I-405 freeways.
The combination of a desirable Westside location, strong unit mix, extensively renovated interiors, and attractive residential amenities makes 11825 National Boulevard a compelling multifamily investment in one of Los Angeles’ most consistently sought-after rental markets.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$408,906
|
$34.56
|
| Other Income |
$940
|
$0.08
|
| Vacancy Loss |
$12,267
|
$1.04
|
| Effective Gross Income |
$397,579
|
$33.60
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$138,109
|
$11.67
|
| Net Operating Income |
$259,470
|
$21.93
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $408,906 |
| Annual Per SF | $34.56 |
| Other Income | |
|---|---|
| Annual | $940 |
| Annual Per SF | $0.08 |
| Vacancy Loss | |
|---|---|
| Annual | $12,267 |
| Annual Per SF | $1.04 |
| Effective Gross Income | |
|---|---|
| Annual | $397,579 |
| Annual Per SF | $33.60 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $138,109 |
| Annual Per SF | $11.67 |
| Net Operating Income | |
|---|---|
| Annual | $259,470 |
| Annual Per SF | $21.93 |
Property Facts
| Price | $4,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $373,077 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.35% | Building Size | 11,831 SF |
| Gross Rent Multiplier | 11.83 | Average Occupancy | 100% |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - Multi Family Dwelling | ||
| Price | $4,850,000 |
| Price Per Unit | $373,077 |
| Sale Type | Investment |
| Cap Rate | 5.35% |
| Gross Rent Multiplier | 11.83 |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 11,831 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1971 |
| Zoning | LAR3 - Multi Family Dwelling |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 5 | - | - |
| 1+1 | 8 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 4257-019-044 | Improvements Assessment | $3,123,451 (2025) |
| Land Assessment | $2,231,036 (2025) | Total Assessment | $5,354,487 (2025) |
Property Taxes
Parcel Number
4257-019-044
Land Assessment
$2,231,036 (2025)
Improvements Assessment
$3,123,451 (2025)
Total Assessment
$5,354,487 (2025)
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Prime West Los Angeles 13 Units | 11825 National Blvd