11737 Bellagio Rd - Apartments FOR SALE


Los Angeles, CA 90049- Bel Air
$2,100,000 USD
310-270-8423
11737 Bellagio Rd, Los Angeles, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/28
null | 5.76% Cap Rate

11737 Bellagio Rd
Los Angeles, CA 90049
Bel Air


HIGHLIGHTS

  • First time the property has ever been on the market!
  • Ultra Prime Bel Air Location, Rarely Traded Area situated on a Premier Street
  • Five Units being delivered 100% Vacant at the close of escrow
  • "SENATE BILL 8 EXEMPT Land value can be fully recognized. No rental income reported for the past five years."
  • Property is currently functioning as a 4-Unit, allowing for the possibility of residential financing
  • Excellent Unit Mix Consisting of (3) 1 Bedroom / 1 Bathrooms & (2) 2 Bedroom / 2 Bathrooms

OVERVIEW

The Monem Team has been retained by the ownership to present 11737 Bellagio Rd. Offered for the first time ever, this an exceptionally rare opportunity to acquire a generational multifamily asset in ultra-prime Bel Air, one of the most prestigious and tightly held enclaves in all of Los Angeles. Situated on a premier street in a rarely traded pocket of the Westside, this 5-unit property features an excellent and highly desirable unit mix consisting of (3) one-bedroom, one-bathroom units and (2) two-bedroom, two-bathroom units. All five units will be delivered 100% vacant at the close of escrow, giving the buyer a truly blank canvas and the immediate ability to renovate, reposition, and capture premium Bel Air rental income from day one, entirely free of legacy tenancies. The property is exempt from Senate Bill 8, with no rental income reported over the past five years, allowing the full land value to be recognized without having to replace any units under affordable housing. Adding further flexibility, the property currently functions as a 4-unit building, opening the door to potential residential financing, and all units are separately metered for gas and electric. Beyond its income potential, 11737 Bellagio Road offers meaningful long-term development upside. The 6,490 square foot LA-R3 lot supports up to 10 units by right with ADUs, approximately 14,256 square feet of buildable area, and a 45-foot height limit, positioning the site as both a covetable income property today and a premier development opportunity. ** Developer to verify with LA Dept Building & Safety. Ideally located moments from Brentwood Village, the San Vicente retail corridor, UCLA, Westwood, and Century City, the property offers future tenants unmatched access to the Westside's finest dining, shopping, and everyday conveniences, all from an address in one of the most affluent and enduring neighborhoods in Los Angeles. With its first-time-ever availability, coveted Bel Air location, 100% vacant delivery, SB 8 exemption, and by-right development potential, 11737 Bellagio Road stands as an irreplaceable Westside multifamily opportunity.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$432 USD /SF

# OF UNITS

5

PRICE/UNIT

$420,000

CAP RATE

5.76%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,551 SF

ZONING

LAR3

APN/PARCEL ID

4368-014-016

ASK ABOUT THIS PROPERTY

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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