10357 Ashton Ave - Apartments FOR SALE


Los Angeles, CA 90024- Westwood
$2,200,000 USD
310-202-9166
10357 Ashton Ave, Los Angeles, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/6
null | 3.25% Cap Rate

10357 Ashton Ave
Los Angeles, CA 90024
Westwood


HIGHLIGHTS

  • Prime Westwood Location
  • Neighboring 5 unit property (10361 Ashton Ave.) is also for sale. Both properties be purchased together or individually
  • Excellent unit mix of (2) 2 BR + 2 Bath & (2) 1 BR + 1 Bath units
  • Value-add opportunity with below market rents
  • Shared center courtyard
  • Potential to convert back garages into ADU units

OVERVIEW

10357 Ashton Avenue is a four unit building on approximately 3,320 square feet of living space across four residential units. 10357 Ashton Ave is being sold with its neighboring property 10361 Ashton Ave which is a 5 unit building. The properties can be sold together or individually. The unit mix for 10357 Ashton Ave includes two one-bedroom/one-bathroom units and two spacious two-bedroom/two-bathroom units, appealing to a broad tenant base. Constructed in 1953, the building is of wood-frame and stucco construction and is positioned around a shared central courtyard. At the rear of the property are two two-car garages, above which sits an additional non-conforming studio unit measuring approximately 400–500 square feet. This space offers a value-add opportunity and potential conversion to a permitted Accessory Dwelling Unit (ADU), subject to buyer verification, creating the possibility for immediate rental income enhancement. The parcel sits on approximately 4,250 square feet of land and is zoned LARD1.5, supporting long-term redevelopment or expansion potential. Rare opportunity to purchase a trophy 5 unit building in a prime Westwood location with easy access to Beverly Hills, Century City, UCLA and the greater westside area of Los Angeles.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$540 USD /SF

# OF UNITS

4

PRICE/UNIT

$550,000

CAP RATE

3.25%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,326 SF

ZONING

-

APN/PARCEL ID

4327-013-018

ASK ABOUT THIS PROPERTY

Errol SpiroMiller & Desatnik Realty Corp.More Info
310-202-9166

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Errol SpiroMiller & Desatnik Realty Corp.More Info
310-202-9166

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.