10-Unit Apartment Building with
For Sale
$2,795,000
11401 Washington Pl, Los Angeles, CA 90066
Apartment asset with upgraded plumbing and electrical systems, on-site laundry, and a varied one- and two-bedroom unit mix.
Property Size7,129 SF
Lot Size0.18 Acres
Days on Market69
Property Features for 11401 Washington Pl
General Information
Standard status
Active
Size
7,129 SF
Total Parking Spaces
7
Lot size
0.18 Acres
Property subtype
Multi-Family
Financials
Cap Rate
5.3%
Gross Rent Multiplier
12.3
Units
Unit Mix
3 x 2BR/1BA, 7 x 1BR/1BA
Multifamily Units
10
Amenities
on-site laundry
Building Details
Building Size
7,129 SF
Year Built
1954
Stories
2
Listing Agency:
Shield CRE, Inc.
(310) 593-9869
Listed By:
Jonathan Nikfarjam · License #01856803
(310) 593-9869
Source:
Danitatabron.kw
Added: Jun 24
Changed: Aug 30
Last Checked: Aug 30 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shield CRE, Inc.
Investment Insights
Based on property information with market context.
This 10-unit apartment property, built in 1954, includes three 2-bedroom/1-bathroom residences and seven 1-bedroom/1-bathroom residences. One 1-bedroom unit is vacant. Seven garages and an on-site laundry facility provide additional income sources, while select apartments have hardwood flooring, newer windows, quartz countertops, and updated kitchens and bathrooms. Plumbing and electrical systems were upgraded in 2025.
The property occupies a 7,753-SF lot with a parking area and potential for ADU additions, subject to buyer verification. The asset is positioned near Marina Del Rey, Venice, Santa Monica, Culver City, and Playa Vista, with proximity to Westside employers including Sony Pictures, Amazon Studios, Google, Meta, Apple, One Culver, Electronic Arts, Snap, and Hulu. Reported operating metrics include a 5.30% current cap rate, 12.30 GRM, 7.39% pro-forma cap rate, and 9.64 GRM.
The property occupies a 7,753-SF lot with a parking area and potential for ADU additions, subject to buyer verification. The asset is positioned near Marina Del Rey, Venice, Santa Monica, Culver City, and Playa Vista, with proximity to Westside employers including Sony Pictures, Amazon Studios, Google, Meta, Apple, One Culver, Electronic Arts, Snap, and Hulu. Reported operating metrics include a 5.30% current cap rate, 12.30 GRM, 7.39% pro-forma cap rate, and 9.64 GRM.
Key Highlights
- 10‑unit configuration with three 2‑bedroom/1‑bathroom and seven 1‑bedroom/1‑bathroom units
- Seven garages and an on‑site laundry facility
- Plumbing and electrical systems upgraded in 2025
Property Analytics
Property Profile
Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,968
Businesses Nearby
Explore this area
Business Placement
Demographics for 90066, CA
55,304
Population
26,591
Households
2.1
Avg Household Size
38
Median Age
61%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
11,522
Density / Sq Mi
$107,786
Median Household Income
$67,298
Median Earnings
$2,211
Median Rent
$1,636,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment asset with upgraded plumbing and electrical systems, on-site laundry, and a varied one- and two-bedroom unit mix.
Where is this apartment building located?
The property is located at 11401 Washington Pl Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: 10‑unit configuration with three 2‑bedroom/1‑bathroom and seven 1‑bedroom/1‑bathroom units; Seven garages and an on‑site laundry facility; Plumbing and electrical systems upgraded in 2025
