11946 Dorothy St - Apartments FOR SALE


Los Angeles, CA 90049- West Los Angeles
$4,250,000 USD
310-968-5303
11946 Dorothy St, Los Angeles, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/14
null | 5.04% Cap Rate

11946 Dorothy St
Los Angeles, CA 90049
West Los Angeles


HIGHLIGHTS

  • Premier Brentwood location
  • Ideal unit mix of large 1, 2, and 3-bedroom floor plans
  • Significant rental upside (current rent/SQFT of $3.37)
  • Ample parking (soft story retrofit completed)
  • Potential to add ADUs (Buyer to verify): Oversized lot zoned R3-LA
  • Near some of the Westside’s top dining, high-end retail, and nightlife venues

OVERVIEW

Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a rare multifamily investment opportunity at 11946 Dorothy Street in the heart of LA’s famed community of Brentwood. Consisting of 10 large units encompassing a beautifully landscaped setting, the building boasts an ideal unit mix of large 1 bedroom, 2-bedroom, and 3-bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. The unit mix includes (1) 3-bed, 2½-bath unit, (2) 2-bed, 1½-bath units, and (7) 1-bed, 1-bath units. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include ample on-site parking, lushly landscaped grounds, and an onsite laundry facility. All soft story seismic retrofitting has been completed by ownership. A quick walk to the high-end dining and nightlife along San Vicente Blvd, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$506 USD /SF

# OF UNITS

10

PRICE/UNIT

$425,000

CAP RATE

5.04%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10 Units: The Best Street in Brentwood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,902 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

4265-021-033

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.