NOT LISTED FOR SALE

11538 National Blvd Los Angeles, CA 90064

Mar Vista Neighborhood

Estimated Value: $2,162,000 - $2,891,000

4 Beds
4 Baths
2,751 Sq Ft
$874/Sq Ft Est. Value

Last Sold February 22, 2022

Last sale price $2,200,000 $800 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $14,985/month

Highlights

  • Engineered Wood Flooring
  • Mar Vista Elementary Rated A
  • 1-Story Property

About This Home

As of February 2022

Amazing investment and/or development opportunity in Mar Vista. Two separate APNs being sold together with a total square footage of approx. 16,631 sq.ft. per Assessor and comprised of eight mid-century, California bungalow-style units situated on a tree-lined street with private entrances, individually metered for gas, electric with individual water heaters. An attractive mix of one and two bedroom residences with mid-century finishes, bordering a gated courtyard entrance and includes three two-car garages (currently used as storage) and seven single-car designated parking spaces.
Ideally located near the corner of National Blvd and Barrington Ave boasting some of the highest walk, bike, and transit scores in the neighborhood. This property provides convenient access to all amenities for daily needs including high-end markets, retail, cafes and restaurants.
High demand LARD 1.5 zoning. Property is sold AS-IS. Currently 50% occupied with four units to be delivered vacant at the close of escrow. Access to the property only with an accepted offer. Please do not disturb tenants.
This property is an overall quality asset, in an excellent location with a high-demand residential market. A rare find for a savvy investor or developer to add to their real estate portfolio.

Last Agent to Sell the Property

Stacy Richardson

Dilbeck Estates Listed on: 02/16/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,118

Year Built

  • Built in 1949

Lot Details

  • 8,335

Parking

  • 6 Car Garage

Interior Spaces

  • 2,751 Sq Ft Home
  • 1-Story Property

Flooring

  • Engineered Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • 8,335 Sq Ft Lot
  • Natural Gas Water Heater

Community Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Listing and Financial Details

  • Assessor Parcel Number 4250013018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,118

Year Built

Built in 1949

Lot Details

0

Parking

6

Listing Details

  • Unit Levels: One
  • Prop. Type: Residential Income
  • Year Built: 1949
  • Lot Size Acres: 0.19
  • Subdivision Name: Not Applicable
  • Directions: I-10 to Pico, to Barrington Ave, to National Blvd
  • Building Stories: 1
  • General Property Information:Zoning2: LARD1.5
  • Property Info:View: No
  • Property Info:Pool: No
  • Property Info:Spa: No
  • Property Info:Fireplace: No
  • Flooring:Carpet: Yes
  • Flooring:Ceramic Tile: Yes
  • Levels:One: Yes
  • Flooring:WoodWood Like: Yes
  • Property Info:Senior Community2: No
  • Water Heater Feature:Natural Gas2: Yes
  • Property Info:Water Heater: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Carpet, Ceramic Tile, Wood/Wood Like
  • Private Spa: No
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace: No
  • Living Area: 2751.0
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Disclosures: City Inspection Required, Property As Is, Rent Control
  • Pool Private: No
  • View: No

Garage/Parking

  • ParkingSpacesInformationTotalGarageSpaces: 6.0
  • Garage Spaces: 6.0

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 8335.0
  • Parcel #: 4250013018
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Leased: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2021
Sold by
Edward A Holmen Trust
Bought by
Li Yi and Ma Lili
Current Estimated Value
$2,403,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,320,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2014
Sold by
Holmen Edward A
Bought by
Holmen Edward A and The Edward A Holmen Trust

Purchase Details

Closed on
Apr 14, 2000
Sold by
Trust Mistretta Anna B Tr Anna B Mistret
Bought by
Holmen Edward A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
8.22%

Purchase Details

Closed on
Nov 18, 1993
Sold by
Mistretta Anna Belle P
Bought by
Mistretta Anna Belle P and Anna Belle P Mistretta Living Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Li Yi $2,200,000 Orange Coast Title
Holmen Edward A -- None Available
Holmen Edward A $375,000 Provident Title Company
Mistretta Anna Belle P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Li Yi $1,320,000
Previous Owner Holmen Edward A $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2022 02/22/22 Sold $2,200,000 0.0% $800 / Sq Ft
02/16/2022 02/16/22 For Sale $2,200,000 -- $800 / Sq Ft
Source: Conejo Simi Moorpark Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $28,118 $2,334,657 $1,591,812 $742,845
2024 $28,118 $2,288,880 $1,560,600 $728,280
2023 $27,577 $2,244,000 $1,530,000 $714,000
2022 $6,909 $543,105 $362,074 $181,031
2021 $6,812 $532,457 $354,975 $177,482
2019 $6,618 $516,667 $344,448 $172,219
2018 $6,488 $506,538 $337,695 $168,843
2016 $6,192 $486,871 $324,583 $162,288
2015 $6,106 $479,559 $319,708 $159,851
2014 -- $470,166 $313,446 $156,720
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Stacy Richardson

    Dilbeck Estates

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Map

Source: Conejo Simi Moorpark Association of REALTORS®

MLS Number: 222000676

Conejo Simi Moorpark Association of REALTORS®

APN: 4250-013-018

California Los Angeles County Los Angeles 90064 Mar Vista

11538 National Blvd, Los Angeles, CA

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