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11503 W Washington Blvd, Los Angeles, CA 90066
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11503 W Washington Blvd Los Angeles, CA 90066

$1,613,000 Sold Price as of 02/03/2023
  • 8 Beds
  • 4 Baths
  • 3,224 Sq.Ft.
Sold
$1,613,000 Sold Price as of 02/03/2023 Refinance Your Mortgage
Map preview of 11503 W Washington Blvd, Los Angeles, CA 90066

Property Overview: 11503 W Washington Blvd Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,224 living square feet and 5,158 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 11503 Washington Place. A four-unit apartment building in Los Angeles' desirable Mar Vista neighborhood proximate to Silicon Beach. This offering presents an excellent value-add opportunity in a sought-after coastal sub-market. The property consists of a two-story, 1950 construction front building with four two-bedroom/one-bath units and a rear building that contains shared laundry facilities and two two-car garages. The units average 806 square feet, are separately metered for gas and electricity, and have hardwood floors and wall heaters. 11503 Washington Place is located on the corner lot at the intersection of Washington Place and Berryman Street, steps from a coffee shop and blocks to downtown Mar Vista, Farmer's Market, and the highly anticipated Culver Public Market Development. This location offers easy access to the 405 Freeway, major employers such as Apple, Amazon, and Google in both downtown Culver City and Silicon Beach

Listed by Jeffrey Louks | BRE #00908473 | Marcus & Millichap
Last checked: 6 minutes ago | Last updated: February 6th, 2023 | Source CRMLS | DOM: 28

Home details

Lot Sq. Ft
5,158
HOA Dues
$0/mo
Year built
1950
Garage
4 Car
Property Type:
Multi Family
Status
Sold
MLS#
22221237
City
Los Angeles
County
Los Angeles
Time on Site
535 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,719
  • Total Rent: $6,876
  • Pro Forma/Market Rent: $11,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3%
  • Gross Rent Multiplier: 18.83
  • Gross Scheduled Income: --
  • Net Operating Income: $48,763
  • Gross Operating Income: $86,297
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 11503 W Washington Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 4
  • Parcel Number: 4214011001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Corner of Berryman and Washington Pl
View more facts & features

Local Los Angeles Agent

Sale History for 11503 W Washington Blvd

Last sold for $1,613,000 on February 3rd, 2023

  • February, 2023

  • Feb 3, 2023

    Date

    Sold

    CRMLS: 22221237

    $1,613,000

    Price

  • Nov 29, 2022

    Date

    Active

    CRMLS: 22221237

    $1,625,000

    Price

  • April, 2021

  • Apr 30, 2021

    Date

    Sold

    CRMLS: PW21014551

    $1,625,000

    Price

  • Apr 26, 2021

    Date

    Pending

    CRMLS: PW21014551

    $1,675,000

    Price

  • Feb 22, 2021

    Date

    Price Change

    CRMLS: PW21014551

    $1,675,000

    Price

  • Jan 22, 2021

    Date

    Active

    CRMLS: PW21014551

    $1,750,000

    Price

  • Listing provided courtesy of CRMLS

    NOTE: Map may be showing incorrect location. Correct maps location is 11503 Washington Place. 11503 Washington Place is a four-unit apartment building for sale in Los Angeles’ desirable Mar Vista neighborhood proximate to Silicon Beach. With over 35 percent potential upside in rents, this offering presents an excellent value-add opportunity in a sought-after coastal market. The property consists of a two-story, 1950 construction front building with four two-bedroom/one-bath units and a rear building that contains shared laundry facilities and two two-car garages. The units average 806 square feet, are separately metered for gas and electricity, and have hardwood floors and wall heaters. A new investor may consider adding value by converting the area between the buildings that is currently occupied by laundry drying lines into a shared back patio for tenants’ enjoyment. 11503 Washington Place is located on the corner lot at the intersection of Washington Place and Berryman Street, steps from a coffee shop and blocks to downtown Mar Vista, Farmer’s Market, and the highly anticipated Culver Public Market Development. This location offers easy access to the 405 Freeway, major employers such as Apple, Amazon, and Google in both downtown Culver City and Silicon Beach, and a solid tenant base with an average household income within one mile over $103,000.

  • February, 2021

  • Feb 16, 2021

    Date

    Expired

    CRMLS: 20658020

    $1,795,000

    Price

  • Nov 30, 2020

    Date

    Withdrawn

    CRMLS: 20658020

    $1,795,000

    Price

  • Nov 17, 2020

    Date

    Price Change

    CRMLS: 20658020

    $1,795,000

    Price

  • Nov 10, 2020

    Date

    Active

    CRMLS: 20658020

    $1,845,000

    Price

  • Listing provided courtesy of CRMLS

    Attractive and spacious 4-plex located in highly desirable Mar Vista neighborhood. 1 of the 4 units (all are 2-bedroom 1-bath) is being delivered vacant for a potential owner-user. This corner property is conveniently located across the street from Culver City and 5 blocks west of the 405 Freeway. This well-priced 4-plex has a detached garage building, which also houses a laundry area. In addition to the apartment income, the property generates $215 monthly income from a double garage + approximately $95 monthly income from the laundry. The building is attractively landscaped, separately metered for gas and electric, and all units have hardwood floors, new double-paned windows, and abundant natural light.

  • August, 2009

  • Aug 28, 2009

    Date

    Sold (Public Records)

    Public Records

    $800,000

    Price

Show More

Tax History for 11503 W Washington Blvd

Assessed Value (2020): $944,226
Year Land Value Improved Value Assessed Value
2020 $708,173 $236,053 $944,226

Home Value Compared to the Market

This property vs the competition

11503 W Washington Blvd sold on February 3, 2023 for 36.55% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $504.03 per/sqft which puts the price per square foot 33.24% lower than the current median sale per square foot for the city of Los Angeles.

About 11503 W Washington Blvd

Detailed summary of property

11503 W Washington Blvd is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,224 living square feet, and sits on an approximately 5,158 square foot lot. 11503 W Washington Blvd was first listed on ArdentRealEstateGroup.com on November 29, 2022. The homeowner sold the property for $1,613,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 36.55% higher than the current median priced home. Local homes that are currently for sale include 5869 Dauphin Ave, 2928 Carmona Ave and 8607 Airdrome St. While the average home in Los Angeles, CA is selling in 92 days, 11503 W Washington Blvd has a days on market of 28 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 11503 W Washington Blvd Los Angeles, CA 90066 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11503 W Washington Blvd

Public county record property details
Beds
8
Baths
4
Year built
1950
Sq. Ft.
3,224
Lot Size
5,158
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
258,259
APN
4214-011-001

The source for these homes facts are from public records.

90066 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,200,000
Median List Price/Sq.Ft.
$1,002
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
116
Median Sale to List Price %
100.08%
Avg Days on Market
29
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (15.15%), Other (6.06%)

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Recently Sold Homes Near 11503 W Washington Blvd

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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