CA > Los Angeles
Los Angeles, CA 90024,1677 Westholme AVE
Los Angeles, CA 90024,1677 Westholme AVE
Los Angeles, CA 90024,1677 Westholme AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

The Warburton Team

+1(626) 630-2141
$4,895,000
Est. payment /mo
12 Beds
12 Baths
11,837 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 11,837 sqft

Price per Sqft $413

MLS Listing ID 25603281

Bedrooms 12

HOA Y/N No

Year Built 1963

Lot Size 7,688 Sqft

Property Description

1677 Westholme Avenue presents a rare opportunity to acquire a trophy multifamily asset situated on a prominent corner lot in one of Los Angeles' most sought-after rental markets. Built in 1963, this well-maintained, pride-of-ownership property spans approximately 11,837 square feet and features a diverse and highly desirable unit mix consisting of (3) two-bedroom, two-bathroom units, (6) one-bedroom, one-bathroom units, and (1) studio unit. With its commanding corner presence and attractive midcentury architecture, the property boasts exceptional curb appeal that sets it apart from comparable buildings in the area. The property offers long-term investment stability and upside, featuring gated parking, controlled access entry, and on-site laundry facilities. One unit will be delivered vacant at the close of escrow, providing immediate value-add potential. With approximately 21% rental upside, investors have an excellent opportunity to increase cash flow through interior renovations and leasing at market rents. Several units have already been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly appealing to today's renters. Perfectly located in the heart of Westwood, 1677 Westholme Avenue is adjacent to West Los Angeles and just minutes from Century City and UCLA, offering unmatched proximity to world-class dining, shopping, and employment hubs. The property is surrounded by multi-million dollar single-family homes, enhancing its prestige and long-term desirability. This corner trophy asset represents an outstanding opportunity to acquire a stabilized, income-producing property with strong fundamentals, proven ownership history, and value-add upside in one of the Westside's most supply-constrained and high-demand submarkets.

Location

State CA

County Los Angeles

Area C05 - Westwood - Century City

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Refrigerator

Exterior

Parking Features Gated

Total Parking Spaces 12

Building

Story 3

Entry Level Three Or More,Multi/Split

Level or Stories Three Or More, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4326026023

Special Listing Condition Standard

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CRMLS – RECore
Listed by David Saghian Lyon Stahl Investment Real Estate, Inc.

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