10620 Holman Ave - Apartments FOR SALE


Los Angeles, CA 90024- Westwood
$2,295,000 USD
818-715-0965
10620 Holman Ave, Los Angeles, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/3
null | 4.17% Cap Rate

10620 Holman Ave
Los Angeles, CA 90024
Westwood


HIGHLIGHTS

  • Prime Westwood Location – near UCLA, Century City, Beverly Hills, and Westwood Village
  • Two Vacant Units at closing – immediate remodel/rent-up potential
  • ADU Potential – possibility to add unit(s) above garages (buyer to verify)

OVERVIEW

Rare opportunity to acquire a well-located fourplex in prime Westwood, just minutes from UCLA, Century City, and Beverly Hills. Built in 1948, the property consists of four spacious 2-bedroom/1-bath units averaging ±925 SF each. One downstairs and one upstairs unit will be delivered vacant at closing, offering immediate upside for an investor or owner-user to remodel and set market rents. The property features a detached rear structure with four enclosed garage spaces (two double-wide garage doors) and a laundry room. With R3 zoning, the site offers excellent long-term redevelopment potential. In addition, the rear garage structure presents potential for ADU development above the existing garages (buyer to verify), creating a unique value-add opportunity in an A+ location. This is a rare chance to acquire a classic Westwood apartment asset with both immediate rental upside and significant future potential. With two vacancies, any buyer has the flexibility to occupy, remodel, reposition, or set desired rents - making this property equally attractive for both investors and owner-users. Drive-by only – please do not disturb occupants. Contact Justin at justins@adrproperties.com for the OM.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$624 USD /SF

# OF UNITS

4

PRICE/UNIT

$573,750

CAP RATE

4.17%

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,490 SF

ZONING

LAR3

APN/PARCEL ID

4326-026-027

ASK ABOUT THIS PROPERTY

Justin SeigelADR Preferred Business PropertiesMore Info
818-715-0965

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Justin SeigelADR Preferred Business PropertiesMore Info
818-715-0965

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