Multi-Tenant Retail Opportunity in Mar
11605 - 11609 W Washington Place Los Angeles, CA 90066
For Sale
$2,750,000
Two-building commercial property in the heart of Mar Vista.
Property Size4,500 SF
Price / SF$611.11
Days on Market241
Property Features for 11605 - 11609 W Washington Place
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Retail/Office
Listing Agency:
(310) 899-2728
Listed By:
Spencer Horak · License #01921906
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Jul 10
Last Checked: Jul 24 at 7:59AM
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 Spencer Horak
Investment Insights
Based on property information with market context.
This two-building commercial multi-tenant retail property is located in the heart of Mar Vista, situated between Marina Del Rey, Venice to the west, Culver City to the east, Playa Vista to the south, and Santa Monica to the north. The submarket benefits from close proximity to entertainment and employment hubs in West Los Angeles. The property is well-maintained and features long-term tenancy. The property size is 4,500 square feet.
Key Highlights
- Two‑building commercial property offers a multi‑tenant retail opportunity
- Located in the heart of Mar Vista, a highly desirable West Los Angeles submarket
- Proximity to Marina Del Rey, Venice, Culver City, Playa Vista, and Santa Monica
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $175.0k | $38.88 |
| − Vacancy | −$32.5k | −$7.23 |
| EGI | $142.4k | $31.65 |
| − OpEx | −$35.6k | −$7.91 |
| NOI | $106.8k | $23.74 |
4,500 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.78M
NOI $106,813 @ 7.0% cap · market cap 3.88%
Second Best
Retail
$1.49M
$1.31M – $1.74M
NOI $104,432 @ 7.0% cap · market cap 3.80%
Theoretical Best
Multifamily LT 5
$91.17M
$79.77M – $106.36M
NOI $6,381,711 @ 7.0% cap · market cap 232.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Therapy West
Physician
ELYSIA AGUERO
Physician
NICOLE HIORNS
Physician
SARAH KRENIK
Physician
RIANNA WONG MACHIDA
Physician
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- Washington Place Plaza — 11600 Washington Pl, Los Angeles, CA 90066
FAQs
What type of property is this?
Shopping center - Two-building commercial property in the heart of Mar Vista.
Where is this shopping center located?
The property is located at 11605 - 11609 W Washington Place Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Two‑building commercial property offers a multi‑tenant retail opportunity; Located in the heart of Mar Vista, a highly desirable West Los Angeles submarket; Proximity to Marina Del Rey, Venice, Culver City, Playa Vista, and Santa Monica
