1532 Granville Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$4,250,000 USD
310-968-5303
1532 Granville Ave, Los Angeles, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/24
null | 4.7% Cap Rate

1532 Granville Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Built in 1987 — Exempt from LA City Rent Control (RSO) Subject to AB 1482 only, allowing for annual rent increases up to CPI + 5%
  • Central access to UCLA, Century City, Brentwood, and Santa Monica with strong employment drivers and consistent rental demand
  • 5 Two-Bedroom / Two-Bath Units (one with extra ½ bath; two with lofts & high ceilings)/ 4 One-Bedroom/ One-Bath Units (two with lofts & high ceilings)
  • Generously Sized Units with Modern Interiors Features include quartz countertops, vinyl plank flooring, 9+ foot ceilings, and gas fireplaces
  • Ability to systematically increase rents to market under AB 1482, combined with strong tenant demand for lofted, newer-construction units
  • Opportunities to acquire post-1980s construction in West LA are extremely limited, making this a long-term hold quality investment

OVERVIEW

Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present a rare opportunity to acquire a newer-construction, non-rent-controlled apartment community in the heart of prime West Los Angeles. Built in 1987, the property is exempt from Los Angeles City Rent Stabilization Ordinance (RSO) and instead governed by AB 1482, providing investors with significantly greater flexibility to adjust rents to market over time — an exceptionally rare attribute for multifamily assets in this submarket. The property features nine large, well-designed apartment homes with an outstanding unit mix consisting of five (5) two-bedroom / two-bath units — including one unit with an additional ½ bathroom and two units with dramatic lofts and soaring ceilings — and four (4) one-bedroom / one-bath units, two of which also feature spacious lofts with high ceilings. The lofted layouts, volume ceilings, and generous floor plans create a highly desirable living experience that commands premium rents and strong long-term tenant demand. Interior finishes include quartz countertops, vinyl plank flooring, minimum of 9 foot ceilings, gas fireplaces, and private outdoor balconies, offering a modern living environment consistent with today’s renter expectations. Building amenities include controlled intercom access, copper plumbing, and ample subterranean parking, further enhancing tenant appeal and operational stability. Ideally located on Granville Avenue in West Los Angeles, the property benefits from immediate access to UCLA, Century City, Brentwood, and Santa Monica, placing it at the center of one of the strongest and most resilient rental markets in Southern California. Residents enjoy proximity to major employment hubs, top medical and educational institutions, premier retail and dining along Wilshire Boulevard and Westwood Village, and convenient access to the 405 Freeway, providing connectivity throughout the Westside. With its combination of newer construction, AB 1482 rent structure, strong in-place tenancy, and significant rental upside, 1532 Granville Avenue presents investors with a rare opportunity to acquire a high-quality asset offering both immediate stability and long-term growth in one of Los Angeles’ most supply-constrained submarkets

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$445 USD /SF

# OF UNITS

9

PRICE/UNIT

$472,222

CAP RATE

4.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Exempt from RSO in Prime West LA

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

4262-006-018

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.