11378-11382 Ovada Pl - Apartments FOR SALE


Los Angeles, CA 90049- Bel Air
$3,788,000 USD
310-202-9166
11378-11382 Ovada Pl, Los Angeles, CA for Sale
$3,788,000 USD
Apartments - FOR SALE
1/6
null | 2.84% Cap Rate

11378-11382 Ovada Pl
Los Angeles, CA 90049
Bel Air


HIGHLIGHTS

  • Irreplaceable Brentwood location!
  • 4 Value Add Units - (2) Units Delivered Vacant Including the 3 br + 3 ba unit and 1 br + 1 ba unit!
  • Lot is 13,080 SF LARd1.5
  • Multiple garage structures to build ADU's

OVERVIEW

Rare opportunity in an irreplaceable Brentwood location! This 4-unit property is situated on a large 13,080 sq ft LARD1.5 lot, offering strong current income and exceptional development potential. Two units will be delivered vacant, including a spacious 3 bed + 3 bath unit perfect for an owner-user, and a 1 bed + 1 bath unit ready for market rent. The other two units (1)(2 bed + 2 bath) (1) 2 br + 1 ba are tenant-occupied at $2,950.07 and $2,530.71/month. Multiple detached garage structures offer excellent potential for ADU conversion under SB9, with room to add additional units and increase revenue. This is a true value-add opportunity for investors or developers looking to remodel existing units and build additional dwellings on a rare oversized Brentwood lot.Centrally located near San Vicente Blvd, top-rated schools, shopping, dining, and world-class amenities. Do not miss this chance to own a premier multifamily asset in one of LA's most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$3,788,000 USD

PRICE/SF

$808 USD /SF

# OF UNITS

4

PRICE/UNIT

$947,000

CAP RATE

2.84%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ovada Garden Terrace

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,630 SF

ZONING

RD1.5

APN/PARCEL ID

4368-016-011

ASK ABOUT THIS PROPERTY

Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

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Dave MillerMiller & Desatnik Realty Corp.More Info
310-202-9166

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