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11852 Washington Place, Mar Vista, California 90066, Mar Vista, 90066 - bed, bath

11852 Washington Place, Mar Vista, California 90066 home-pic-0
ACTIVE$7,159,000
11852 Washington Place, Mar Vista, California 90066
0Bed
0Bath
10,112Sqft
11,482Lot
Year Built
1990
Close
-
List price
$7.16M
Original List price
$7.16M
Price/Sqft
$708
HOA
-
Days on market
-
Sold On
-
MLS number
SB25190939
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $7.16M(96th), sqft - 10112(96th), beds - undefined(4th), baths - undefined(4th).

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.

Nearby schools

6/10
Grand View Boulevard Elementary School
Public,•K-5•0.3mi
4/10
Charnock Road Elementary School
Public,•K-6•1.0mi
6/10
La Ballona Elementary School
Public,•K-5•1.1mi
7/10
Beethoven Street Elementary School
Public,•K-5•1.1mi
8/10
Mar Vista Elementary School
Public,•K-5•1.1mi
8/10
Clover Avenue Elementary School
Public,•K-5•1.7mi
4/10
Walgrove Avenue Elementary School
Public,•K-5•1.7mi
6/10
Richland Avenue Elementary School
Public,•K-6•2.0mi
8/10
Grant Elementary School
Public,•PK-5•2.5mi
7/10
Culver City Middle School
Public,•6-8•1.3mi
6/10
John Adams Middle School
Public,•6-8•2.8mi
6/10
Venice Senior High School
Public,•9-12•1.2mi
8/10
Culver City High School
Public,•9-12•1.3mi
8/10
Santa Monica High School
Public,•9-12•3.6mi
6/10
University Senior High School
Public,•9-12•3.7mi

Price History

Date
Event
Price
08/23/25
Listing
$7,159,000
07/31/18
Sold
$4,600,000
01/12/05
Sold
$1,400,000
Condition Rating
Excellent
Despite being built in 1990, the MLS description explicitly states that 'ALL THE UNITS HAVE BEEN COMPLETELY RENOVATED' with 'NEW KITCHEN, NEW REFRIGERATOR, NEW STOVE, NEW MICROWAVE, NEW DISHWASHER, AND NEW WASHER AND DRYER.' The provided images strongly support this claim, showcasing a modern kitchen with dark shaker cabinets, white quartz countertops, and new stainless steel appliances. The living area features clean, modern laminate flooring and recessed lighting, indicating a fresh, move-in ready condition. This extensive and recent renovation brings the property's key living spaces to a virtually new standard, aligning with the 'Excellent' criteria for properties extensively renovated within the last 5 years with new or virtually new components.
Pros & Cons

Pros

Prime Mar Vista Location: Strategically located near major universities (UCLA, LMU), the beach, and the thriving Silicon Beach tech hub, ensuring high tenant demand and strong appreciation potential.
Extensive Unit Renovations: All eight units have been completely renovated with new kitchens, appliances (including in-unit washer/dryers), offering modern appeal and reducing immediate capital expenditure for a buyer.
Strong Investment & Exit Strategy: The property is explicitly positioned for investors, with individual APNs for each condo, facilitating a potential future sell-off of individual units for maximized returns.
High Rental Demand Area: Situated in a high-demand rental market, promising consistent occupancy rates and stable income streams for investors.
Individual Unit Features & Utilities: Each unit benefits from individual metering for gas and electric, fireplaces in 7 units, and two dedicated parking spaces per condo, enhancing tenant desirability and operational efficiency.

Cons

Age of Building Infrastructure: While units are renovated, the core building structure dates to 1990, which may imply older common area systems (e.g., roof, plumbing risers, electrical panels) that could require future maintenance or upgrades not covered by unit renovations.
Lack of Noted Common Area Amenities: The description does not highlight any shared amenities such as a gym, pool, or significant communal outdoor space, which could be a competitive disadvantage for some renters or future buyers.
Complex Multi-Unit Management: The property comprises a unique mix of 7 condominiums and 1 single-family residence, each with its own APN, potentially leading to complex management, financing, or future HOA considerations.

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