11158-11162 Massachusetts Ave - Apartments FOR SALE


Los Angeles, CA 90025- Westwood
$3,200,000 USD
310-621-8221
11158-11162 Massachusetts Ave, Los Angeles, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/24
null | 5.18% Cap Rate

11158-11162 Massachusetts Ave
Los Angeles, CA 90025
Westwood


HIGHLIGHTS

  • Great Corner Lot near 405 and Santa Monica Blvd
  • $228k Per Unit and 11.7 GRM with Upside
  • Great Parking and Most Units Renovated
  • Fully Occupied Charming Two Story Structure

OVERVIEW

11158-11162 Massachusetts Ave is an apartment community constructed in 1955. The property totals 6,044 gross square footage and consists of (2) Efficiency/One-Bathroom units, (10) Studio/One-Bathroom units and (2) One-Bedroom/One-Bathroom units averaging 421 square feet per unit. The property has approximately 12 open parking spaces. Situated in the neighborhood of Westwood, a commercial and residential neighborhood that’s bordered by Beverly Hills to the east and Century City on the southeast. Westwood was initially developed in 1919 by Arthur Letts, the founder of the Broadway and Bullock's department stores. Developed in 1929 by Janss Investment Company, Westwood Village is a shopping and commercial district in the heart of Westwood, home to cultural attractions like the Hammer Museum and Geffen Playhouse. The campus of the University of California, Los Angeles (UCLA) is just north of Westwood Village.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$529 USD /SF

# OF UNITS

14

PRICE/UNIT

$228,571

CAP RATE

5.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,001 SF

ZONING

M1-1, Los Angeles

APN/PARCEL ID

4324-035-001

ASK ABOUT THIS PROPERTY

Brent SprenkleNorthmarqMore Info
310-621-8221

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Brent SprenkleNorthmarqMore Info
310-621-8221

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