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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,890,000

Est. payment - /mo

6,172 Sqft Lot

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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26146922

HOA Y/N No

Year Built 1966

Lot Size 6,172 Sqft

Property Sub-Type Apartment

Property Description

Prime West Los Angeles 5-unit multifamily investment opportunity offered at $1,890,000. Located in the desirable 90025 submarket, this fully occupied property features an attractive unit mix consisting of one 1-bedroom/1-bathroom unit, three spacious 2-bedroom/2-bathroom units with private balconies, and a rare downstairs 3-bedroom/2.5-bathroom unit with access to a backyard patio. The property offers 9 on-site parking spaces and meaningful rental upside driven by long-term tenancy and below-market in-place rents. Current operations generate an approximately 4.4% cap rate, with pro forma operations supporting an approximately 6.5% cap rate and 9.6 GRM based on stated assumptions. The mandatory soft-story seismic retrofit has been completed and city-approved. Ideally located near Sawtelle Japantown, UCLA, Westwood, Century City, Santa Monica, and major Westside employment centers, with convenient access to the I-405 and I-10 freeways. Potential ADU and longer-term redevelopment opportunities may exist; Buyer to independently investigate and verify all development potential and governmental requirements. Property is fully occupied. Please do not disturb tenants. Offering Memorandum and additional property information available through the Listing Agent.

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Zoning LAR3

Interior

Interior Features Balcony

Heating Electric

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, Covered, Uncovered

Carport Spaces 4

Fence Block, Wood

Pool None

Community Features Curbs, Sidewalks

Roof Type Flat

Total Parking Spaces 9

Private Pool No

Building

Lot Description Back Yard, Near Public Transit

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4323023035

Energy Description 1847.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Bernie Leibovitch Rodeo Realty 818-472-5265, DRE #00897501

NEARBY SCHOOL & BUSINESS

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