11340 National Blvd
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11340 National Blvd
11 Unit Apartment Building $5,618,568 CAD ($510,779 CAD/Unit) 5.24% Cap Rate Los Angeles, CA 90064
Investment Highlights
- Centralized Mar Vista Location
- Great unit mix
- Huge upside in rents
Executive Summary
Prime Mar Vista location, 11-unit multifamily asset at
11340 National Blvd., offers a compelling value-add
opportunity. With unique layout potential and below-
market rents, at least 2 units will be delivered updated
and vacant, providing a key advantage in rent-
controlled Los Angeles. The 11,112 sq ft building includes
amenities like on-site parking/laundry, sitting on an
8,382 sq. ft. lot. Ideal unit mix: 1 one-bedroom, 2 one-
bedroom + den, 6 two-bedrooms & 2 two-bedroom plus
den. Walkable access to amenities, quick freeway
access, and zoned for Mar Vista Elementary School.
Seismic retrofit mandatory compliance to be completed
by close of escrow. A rare chance for a savvy investor to
optimize an underperforming property in the sought-after Mar Vista Area.
11340 National Blvd., offers a compelling value-add
opportunity. With unique layout potential and below-
market rents, at least 2 units will be delivered updated
and vacant, providing a key advantage in rent-
controlled Los Angeles. The 11,112 sq ft building includes
amenities like on-site parking/laundry, sitting on an
8,382 sq. ft. lot. Ideal unit mix: 1 one-bedroom, 2 one-
bedroom + den, 6 two-bedrooms & 2 two-bedroom plus
den. Walkable access to amenities, quick freeway
access, and zoned for Mar Vista Elementary School.
Seismic retrofit mandatory compliance to be completed
by close of escrow. A rare chance for a savvy investor to
optimize an underperforming property in the sought-after Mar Vista Area.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$415,068
|
$37.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$415,068
|
$37.33
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$120,613
|
$10.85
|
| Net Operating Income |
$294,455
|
$26.48
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $415,068 |
| Annual Per SF | $37.33 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $415,068 |
| Annual Per SF | $37.33 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $120,613 |
| Annual Per SF | $10.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $294,455 |
| Annual Per SF | $26.48 |
Property Facts In Escrow
| Price | $5,618,568 CAD | Apartment Style | Low Rise |
| Price Per Unit | $510,779 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.24% | Building Size | 11,120 SF |
| Gross Rent Multiplier | 13.5 | No. Stories | 2 |
| No. Units | 11 | Year Built | 1969 |
| Property Type | Multifamily | Parking Ratio | 1.08/1,000 SF |
| Property Subtype | Apartment |
| Price | $5,618,568 CAD |
| Price Per Unit | $510,779 CAD |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| Gross Rent Multiplier | 13.5 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 11,120 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.08/1,000 SF |
Unit Amenities
- Balcony
- Patio
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 750 |
| 1+1.5 | 2 | - | 850 |
| 2+1.5 | 5 | - | 995 - 1,350 |
| 2+2 | 3 | - | 995 - 1,350 |
1 of 1
Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 4250-026-008 | Improvements Assessment | $2,686,451 CAD (2024) |
| Land Assessment | $4,011,766 CAD (2024) | Total Assessment | $6,698,217 CAD (2024) |
PROPERTY TAXES
Parcel Number
4250-026-008
Land Assessment
$4,011,766 CAD (2024)
Improvements Assessment
$2,686,451 CAD (2024)
Total Assessment
$6,698,217 CAD (2024)
zoning
| Zoning Code | LAR3 |
| LAR3 |
-
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11340 National Blvd
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