1236 McClellan Dr - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$3,250,000 USD
310-905-9479
1236 McClellan Dr, Los Angeles, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/12
null | 5.09% Cap Rate

1236 McClellan Dr
Los Angeles, CA 90025
West Los Angeles


OVERVIEW

Well maintained 9-unit apartment building in a Prime West LA location on the border of Santa Monica and right next to Brentwood. Extremely strong rental demand area with ideal income producing unit mix including (5) 2-bedroom units, (3) 1-bedroom units, and (1) studio unit. Building has undergone seismic retrofitting. Recently passed insurance inspections and units have new subpanels. Most units have undergone light renovations including replacing flooring, modern hardware, and modern light fixtures. Rental upside can be achieved through more substantial renovations to the kitchens and bathrooms. Select units have private outdoor space (balconies/patios). Well parked property. On-site laundry with machines owned by landlord. Professionally managed and cared for property. (1) one bedroom unit to become vacant at end of July and has significant rental upside through renovations.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$469 USD /SF

# OF UNITS

9

PRICE/UNIT

$361,111

CAP RATE

5.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,202 SF

ZONING

LAR3

APN/PARCEL ID

4267-036-034

ASK ABOUT THIS PROPERTY

Daniel GlaserGlaser Property Management Inc.More Info
310-905-9479

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Daniel GlaserGlaser Property Management Inc.More Info
310-905-9479

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