11747 Bellagio Rd - Apartments FOR SALE


Los Angeles, CA 90049- Bel Air
$2,800,000 USD
310-968-5303
11747 Bellagio Rd, Los Angeles, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/21
null | 4.41% Cap Rate

11747 Bellagio Rd
Los Angeles, CA 90049
Bel Air


HIGHLIGHTS

  • 8 units situated in Lower Bel Air (rarely traded submarket)
  • Excellent unit mix (all 1-bedroom units)
  • Quintessential value-add investment opportunity
  • Significant rental upside (current rent/SQFT of $3.44)
  • Exempt from soft story retrofit (Buyer to verify)
  • In close proximity to high-end dining, retail, and entertainment venues

OVERVIEW

Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a timeless mid-century gem located in the prestigious Westside enclave of Bel Air. 11747 Bellagio Road presents the unique opportunity to acquire a quintessential value-add property situated in one of the strongest rental locations in Los Angeles. The property boasts an ideal unit mix for the area consisting of all large 1-bedroom units. Each of the units has a terrific floor plan and offers an abundance of natural light. Other property features include a well landscaped facade, a charming sitting area, an on-site laundry room, a pitched roof, and ample on-site parking which is exempt from soft story retrofit (Buyer to verify). Close to some of Los Angeles’ best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$561 USD /SF

# OF UNITS

8

PRICE/UNIT

$350,000

CAP RATE

4.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare 8 Units in Lower Bel Air

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,493 SF

ZONING

LAR3

APN/PARCEL ID

4368-014-015

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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