11943 Kiowa Ave - Apartments FOR SALE


Los Angeles, CA 90049- West Los Angeles
$3,000,000 USD
310-270-8423
11943 Kiowa Ave, Los Angeles, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/29
null | 4.2% Cap Rate

11943 Kiowa Ave
Los Angeles, CA 90049
West Los Angeles


HIGHLIGHTS

  • AAA+ Brentwood Location - One of the trendiest neighborhoods in LA!
  • Excellent unit mix consisting of (4) 1BR/1BA, (2) 2BR/2BA & (2) 2BR/2BA +Den
  • Value Add Investment with 38% Upside in Market Rents
  • 93 Walk Score! North of Wilshire Boulevard & steps away from the San Vicente retail corridor, Brentwood Village’s primary retail & dining destination.
  • First Time Property has ever been on the Market! (One Unit Being Delivered Vacant at the Close of Escrow)
  • Transit & Accessibility – Proximity to Santa Monica Blvd, Wilshire Blvd, and the upcoming Metro Purple Line extension enhances long-term desirability

OVERVIEW

The Monem Team is pleased to announce 11943 Kiowa Ave, an 8-unit multifamily apartment building in the heart of Brentwood, one of the trendiest and most desirable and supply constrained rental markets in all of Los Angeles. Situated North of Wilshire Boulevard and steps away from the San Vicente retail corridor, Brentwood Village’s primary retail and dining destination. With convenient access to the 405 fwy, Santa Monica and the broader West LA Spine. The property sits one of LA’s most coveted pockets, defined by limited developable land, strong ownership demand and a persistent undersupply of quality rental housing. The property is a mid-century 1963-vintage building comprising approximately 7,894 square feet of improvements on an 7,500-square-foot LAR3 lot, with a family-friendly unit mix of Four 1BR/1BA units, Two 2BR/2BA unit, and Two 2BR/2BA + Den units — a large-unit configuration that appeals directly to the long-tenure family renters who anchor demand in the Brentwood submarket. This is the first time the property is being offered to the market! 11943 Kiowa offers investors a rare opportunity to acquire a true value add investment in A+ Location with strong longterm fundamentals, durable rental demand and the benefit of owning in a neighborhood that continues to strengthen overtime. With meaningful upside in rents, and large, spacious units, a savvy investor can significantly increase rents through remodeling and repositioning the asset to create long-term value.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

8

PRICE/UNIT

$375,000

CAP RATE

4.2%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,876 SF

ZONING

LAR3

APN/PARCEL ID

4265-011-051

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.