1218 Armacost Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$4,299,000 USD
213-943-1897
1218 Armacost Ave, Los Angeles, CA for Sale
$4,299,000 USD
Apartments - FOR SALE
1/10
null | 4.2% Cap Rate

1218 Armacost Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Highly desirable West Los Angeles neighborhood with strong rental demand and proximity to Santa Monica, Brentwood, and Century City
  • Blocks from Sawtelle Japantown and minutes to UCLA and Westwood Village — two of the Westside's strongest tenant demand drivers
  • Upgraded electrical systems and separately metered gas and electric reduce owner operating expenses and simplify utility management
  • Quality landscaping and solid curb appeal enhance tenant retention and overall property presentation
  • The property features 12 on-site parking spaces and a shared laundry facility, covering the key amenities renters prioritize
  • First time on the market in over 24 years

OVERVIEW

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale Armacost Palms, a 13-unit apartment community located at 1218 Armacost Avenue in the heart of West Los Angeles. This two-story, 6,511-square-foot building sits on a generous 10,479-square-foot lot, offering strong density and future flexibility. The property features a unit mix of twelve one-bedroom/one-bath and one two-bedroom/one-bath apartments, with upgraded electrical systems, separate gas and electric meters for each unit, on-site laundry, and 12 parking spaces. Well-maintained landscaping enhances the property’s curb appeal and tenant experience. Armacost Palms is ideally positioned just blocks from Sawtelle Japantown — one of LA’s most popular dining and cultural destinations — and minutes from UCLA, Westwood Village, and the shopping and employment centers of Century City, Brentwood, and Santa Monica. Residents enjoy walkable access to restaurants, cafes, grocery stores, and daily conveniences along Wilshire Boulevard and Bundy Drive. Armacost Palms presents a compelling opportunity to acquire a well-maintained, income-producing asset in a supply-constrained West LA submarket. Individually metered utilities, upgraded infrastructure, and enduring neighborhood demand position this property for durable cash flow and long-term appreciation. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.

FOR SALE DETAILS

PRICE

$4,299,000 USD

PRICE/SF

$660 USD /SF

# OF UNITS

13

PRICE/UNIT

$330,692

CAP RATE

4.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

13-Units in Prime West LA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,479 SF

ZONING

LAR3

APN/PARCEL ID

4263-007-080

ASK ABOUT THIS PROPERTY

Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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Sean RosenzweigMarcus & MillichapMore Info
213-943-1897

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