11938 Dorothy St - Apartments FOR SALE


Los Angeles, CA 90049- West Los Angeles
$3,495,000 USD
310-968-5303
11938 Dorothy St, Los Angeles, CA for Sale
$3,495,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

11938 Dorothy St
Los Angeles, CA 90049
West Los Angeles


HIGHLIGHTS

  • Completely vacant 8-unit apartment building – an extraordinarily rare offering in Brentwood
  • Prime Westside location in one of Los Angeles’ most desirable and stable rental markets
  • Potential to add 1–2 ADUs for additional income (buyer to verify)
  • Fantastic unit mix: (6) 1-bed/1-bath units and (2) 2-bed/2-bath units
  • Steps from San Vicente & Wilshire Boulevards’ premier dining, retail, and entertainment

OVERVIEW

Jonathan Taksa of The Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 11938 Dorothy Street, an exceptional multifamily opportunity located in the highly coveted Westside enclave of Brentwood—one of Los Angeles’ most prestigious and consistently strong rental markets. Built in 1958, this 8-unit apartment building sits on one of Brentwood’s most picturesque, tree-lined streets and represents a truly one-of-a-kind renovation opportunity. The property is completely vacant, an incredibly rare circumstance in this submarket, allowing an investor to reimagine the entire asset without the challenges of existing tenancies. The current unit mix consists of (6) one-bedroom/one-bath units and (2) two-bedroom/two-bath units, offering an excellent foundation for a luxury repositioning or long-term hold. There may also be potential to add one or two ADUs to further enhance income and value (buyer to verify). Ideally located just moments from the upscale dining, retail, and entertainment destinations of San Vicente Boulevard and Wilshire Boulevard, the property enjoys close proximity to UCLA, Century City, and the beaches of Santa Monica—making it an unbeatable location for high-end tenants seeking the quintessential Westside lifestyle. With its prime Brentwood address, complete vacancy, and tremendous redevelopment and income potential, 11938 Dorothy Street stands as a rare, generational acquisition in one of Los Angeles’ most supply-constrained rental markets.

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$604 USD /SF

# OF UNITS

8

PRICE/UNIT

$436,875

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare VACANT Apt. Building in Brentwood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3-1, Los Angeles

APN/PARCEL ID

4265-021-035

ASK ABOUT THIS PROPERTY

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

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

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