1527 Veteran Ave - Apartments FOR SALE


Los Angeles, CA 90024- Westwood
$4,995,000 USD
310-968-5303
1527 Veteran Ave, Los Angeles, CA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/34
null | 5.01% Cap Rate

1527 Veteran Ave
Los Angeles, CA 90024
Westwood


HIGHLIGHTS

  • Premier Westwood Location
  • Exempt from City Rent Control (AB 1482 Applies)
  • Incredible Unit Mix
  • Significant Rental Upside
  • 2 Parking Spaces Per Unit
  • Many Upgraded Units

OVERVIEW

Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present for sale 1527 Veteran Avenue, an 8-unit property ideally located in the heart of LA’s vibrant Westside. The building was built in 1986, and as such, is NOT subject to the City of Los Angeles Rent Stabilization Ordinance (AB 1482 applies). The property consists of one building with three floors of residential units over one level of gated parking (exempt from seismic soft story retrofit). The ideal unit mix consists of (5) 2-bedroom, 2-bathroom units and (3) twostory spacious 1-bedroom, 2-bathroom units with lofts. Many interiors have been finished with beautiful wood flooring, modern cabinetry, and upgraded kitchens and bathrooms. The building offers its residents a secure intercom entry, balconies, fireplaces, beautiful landscaping, an on-site laundry room, and ample gated parking (8 tandem spaces for a total of 16 spots). Each unit has a fireplace, central HV/AC, large bedrooms, and a dynamite floor plan flooded with natural light. Within walking distance to some of the best high-end dining and nightlife, 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

$4,995,000 USD

PRICE/SF

$468 USD /SF

# OF UNITS

8

PRICE/UNIT

$624,375

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Westwood Exempt from LA City Rent Control

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1986

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3-1, City of L.A.

APN/PARCEL ID

4324-023-127

ASK ABOUT THIS PROPERTY

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.

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.