11852 Washington Place, Mar Vista, California 90066, Mar Vista, 90066 - 0 bed, 0 bath
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Mar Vista, California 90066
Analysis of 11852 Washington Place, Mar Vista, California 90066 is currently available with a list price of $6,999,999. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Mar Vista Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although originally built in 1990, the property has undergone a complete recent renovation across all units. It features brand-new kitchens with modern cabinetry, stone countertops, and a full suite of new stainless steel appliances (refrigerator, stove, microwave, dishwasher). The inclusion of new in-unit washers/dryers, updated flooring, and modern fixtures throughout aligns with the criteria for an extensively renovated property in turnkey condition.
Each of the units possesses its own separate APN, providing an investor with a highly flexible exit strategy to either hold the portfolio for rental income or sell off individual units as condominiums.
The property features comprehensive modern upgrades, including new kitchens, stainless steel appliances, and in-unit washers and dryers, minimizing immediate capital expenditure requirements for a new owner.
Situated in a high-demand Mar Vista pocket near UCLA and major tech hubs, the property benefits from a low vacancy risk and strong long-term appreciation potential due to its proximity to employment centers and the coast.
The recent price reduction from the original list price suggests that the initial valuation may have been aggressive for the current interest rate environment, potentially impacting immediate cap rate expectations.
Managing a combination of seven 1990-built condominiums and one detached single-family residence on a single site may present more complex maintenance and management logistics than a uniform multi-family building.
8 UNITS CONDOMINIUMS (7 BUILT IN 1990) AND ONE 3 BEDROOMS, 2 BATHROOMS SINGLE FAMILY RESIDENCE ON 5,000 SQUARE FOOT LOT. EACH UNIT HAS ITS OWN APN. ALL THE UNITS HAVE BEEN COMPLETELY RENOVATED: NEW KITCHEN, NEW REFRIGERATOR, NEW STOVE, NEW MICROWAVE, NEW DISHWASHER, AND NEW WASHER AND DRYER. THE CONDOS ARE INDIVIDUALLY METERED FOR GAS AND ELECTRIC. 7 UNITS HAVE FIREPLACES. THERE ARE TWO PARKING SPACES FOR EACH CONDO. LOCATION, LOCATION: PRIME MAR VISTA, JUST MINUTES FROM UCLA, ANTIOCH UNIVERSITY, SOUTHERN CALIFORNIA INSTITUTE OF ARCHITECTURE, LOYOLA MARYMOUNT UNIVERSITY, THE BEACH AND THE TECH HUBS SILICON BEACH WHICH ENCOMPASSES THE FOLLOWING COMMUNITIES: SANTA MONICA, VENICE BEACH, PLAYA VISTA, PLAYA DEL REY, EL SEGUNDO, MANHATTAN BEACH, ... EASY ACCESS TO THE FREEWAYS. THE BUILDING IS IN HIGH DEMAND RENTAL AREAS. GOOD FOR INVESTORS TO HOLD IT AND SALE EACH CONDO IN THE FUTURE.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-6 • 1.0 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 2.0 | 4% |
| Baths | 0.0 | 2.0 | 4% |
| Square foot | 10,112 | 1,232.5 | 96% |
| Lot Size | 11,482 | 12,719.5 | 50% |
| Price | $7.00M | $764.0K | 96% |
| Price per sq ft | $692 | $677 | 63% |
| Built year | 1990 | 1982 | 79% |
| HOA | $0 | $482 | 4% |
| Days on market | 242 | 177 | 83% |
Feb 25, 2026
$6,999,999
$7,159,000
-2% Price Drop
Initial Listing
Aug 23, 2025
$7,159,000
Initial Listing
Jul 31, 2018
$4,600,000
Public Record
Jan 12, 2005
$1,400,000
Public Record