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10225 Regent Street, Los Angeles, CA

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10225 Regent Street

Los Angeles, CA 90034-5912 - Palms MF Submarket

Property Type:Multi-Family Number of Units:7 Status:Existing Year Built:1965
Stories:2 Building Size:7,248 SF Land Area:.18 AC (7,841 SF)
For Sale Price:$2,795,000 Price/Unit:$399,285.71 Cap Rate:3.73 % GRM:-

Parking:.83 Parking Spaces / 1,000 SF

Location Corner: NE

Property Description: Multi Family - 7 Units

Sale Notes:
The Regent Apartments is a 7-unit apartment building located in the Palms area of the city of Los Angeles and is situated just north of Venice Boulevard and just east of Overland Avenue. The property has a diverse unit mix consisting of one unit that is a studio, one unit that is a two-bedroom with one-bath, two units that are two-bedroom with one and half bath, two units that are three-bedrooms with two-baths, as well as one unit that is a four-bedroom with two-baths. There are two-tandem parking spaces to the west of the property as well as four spaces to the east. The property is a two-story walk-up building constructed of wood-frame and stucco. Units are individually metered for gas and electricity and average over 1,000 square feet. The property has a high walk score of 90, meaning that the property is a "walker's paradise".

The Palms Neighborhood is located on the Westside of Los Angeles, California, in one of the most exclusive areas surrounded by Beverly Hills, Santa Monica, Marina Del Rey, Century City, Brentwood, and Culver City. The historic neighborhood founded in 1886 is a popular location among postgraduates and young families and is one of the most densely populated areas in Los Angeles County. Residents have easy access to Interstates 405, 10, Highway 101, and Los Angeles International Airport (LAX). The neighborhood is also near Southern California's beaches and in the heart of California's entertainment industry, including nearby Sony Pictures and Fox Studios, both major employers in the area. Niche Ink named the Palms neighborhood the "Best Place in Los Angeles for Millennials". The Palms neighborhood scored "Very Livable" by AreaVibes, due to easy access to lots of local amenities, stable housing market, and sunny weather.

Berkadia Real Estate Advisors
Brent Sprenkle
(310) 470-4892

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