11089-11099 Strathmore Dr - Apartments FOR SALE


Los Angeles, CA 90024- Westwood
$3,300,000 USD
310-780-1899
11089-11099 Strathmore Dr, Los Angeles, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/26
null | 4.09% Cap Rate

11089-11099 Strathmore Dr
Los Angeles, CA 90024
Westwood


HIGHLIGHTS

  • 8 Unit Apartment Building in Westwood | 7,130 RSF on a 6,913 SF Lot | Less than 1/2 Mile to UCLA
  • Corner Property at Veteran Ave & Strathmore Dr | Walkable to Westwood Village, Campus, Retail, Dining, and Daily Amenities
  • 6 of 8 Units are UCLA Students | 1 Unit is Vacant | 1 Is a Long-Term Tenant
  • (2) 2-Bed/2-Bath | (6) 1-Bed/1-Bath | Current Vacancy in (1) 1-Bed/1-Bath Unit | Immediate Upside | Less than ½ Mile to UCLA Campus
  • Carport Parking for 6 Spaces + 5 Tandem Spaces (11 Spaces Total)
  • $412,500 per Unit | $462.83/SF | 4.09% CAP & 14.68 GRM | Strong Upside Potential w/ 11.75 Market GRM and 5.70% Market CAP

OVERVIEW

11089 Strathmore Drive is a prime multifamily opportunity in an exceptional Westwood location near the University of California, Los Angeles. Situated at the corner of Veteran Avenue and Strathmore Drive, the property benefits from strong walkability and close proximity to campus and Westwood Village amenities, supporting consistent demand in one of West Los Angeles’ most desirable rental submarkets. The property consists of eight units on a 6,913 square foot lot with approximately 7,130 rentable square feet. Six of the eight units are currently occupied by UCLA students, highlighting the asset’s strong student-housing orientation. The building also features carport parking with six standard spaces and five tandem spaces, a valuable amenity in this parking-constrained neighborhood. In-place income is complemented by long-term upside potential driven by rent growth, ongoing area development, and significant planned transit improvements. The Metro D Line Extension is under construction and is expected to provide new subway service to the Westwood/UCLA area around 2027. Additionally, approved plans for the Sepulveda Transit Corridor include a proposed UCLA station, further enhancing long-term accessibility. Nearby development, including a newly constructed student housing project just one block away, reinforces sustained demand and positions 11089 Strathmore Drive as a compelling investment in a supply-constrained West Los Angeles market.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$428 USD /SF

# OF UNITS

8

PRICE/UNIT

$412,500

CAP RATE

4.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,926 SF

ZONING

LAR4

APN/PARCEL ID

4363-013-015

ASK ABOUT THIS PROPERTY

Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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Brett LyonLyon Stahl Investment Real Estate, Inc.More Info
310-780-1899

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