10393-10395 Almayo Ave - Apartments FOR SALE


Los Angeles, CA 90064- Rancho Park
$2,600,000 USD
213-943-1897
10393-10395 Almayo Ave, Los Angeles, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/15
null | 4.49% Cap Rate

10393-10395 Almayo Ave
Los Angeles, CA 90064
Rancho Park


HIGHLIGHTS

  • Highly desirable pocket of West LA, directly across from Rancho Park Golf Course, adjacent to Fox Studios, and near the future UCLA Research Park
  • Near premier shopping, dining, entertainment, and major job centers in West LA, Century City, Culver City, and Santa Monica
  • 50% vacancy provides a new owner the ability to renovate and re-tenant the building to capture market rents
  • Spacious three-bedroom, two-bath unit with washer/dryer hookups and central A/C offers flexibility for an owner-occupant
  • The property includes five covered on-site parking spaces

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale 10393 Almayo Avenue, a 6-unit apartment community in prime West Los Angeles. The property is situated directly across from Rancho Park Golf Course, adjacent to Fox Studios, and near the future UCLA Research Park at the former Westside Pavilion. Residents benefit from proximity to shopping, restaurants, cafes, theaters, grocery stores, gyms, and entertainment destinations in West Los Angeles, Century City, Culver City, and Santa Monica, as well as convenient access to major employment hubs throughout the Westside. Positioned on a 5,518-square-foot parcel, the property features a balanced unit mix ranging from studio to three-bedroom. With 50% vacancy, a new owner has the immediate opportunity to renovate and re-tenant the units to achieve market rents. 10393 Almayo Avenue presents a rare opportunity to acquire a well-located asset in one of Los Angeles’ most desirable neighborhoods. Strong rental demand and the enduring stability of West Los Angeles make it a compelling acquisition for investors seeking durable income and long-term appreciation.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$648 USD /SF

# OF UNITS

6

PRICE/UNIT

$433,333

CAP RATE

4.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6-Units in Prime West LA Location

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,518 SF

ZONING

LAR3

APN/PARCEL ID

4315-012-004

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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