1615 Greenfield Ave - Apartments FOR SALE


Los Angeles, CA 90025- Westwood
$8,300,000 USD
1615 Greenfield Ave, Los Angeles, CA for Sale
$8,300,000 USD
Apartments - FOR SALE
1/13
null | 5.13% Cap Rate

1615 Greenfield Ave
Los Angeles, CA 90025
Westwood


HIGHLIGHTS

  • Prime West LA Location – Quiet, walkable area near UCLA, Century City, Santa Monica, and Sawtelle Japantown, with easy access to the 405 and 10 Freewa
  • Strong Unit Mix – Spacious two- and three-bedroom layouts ideal for professionals, students, and long-term tenants.
  • Secure Access & Parking – Gated entry and dedicated parking in a high-demand neighborhood.
  • Value-Add Upside – Below-market rents with potential for interior and common area upgrades.
  • Long-Term Growth – Positioned for stable cash flow and appreciation in a supply-constrained submarket near major employers and institutions.

OVERVIEW

Located in a prime, walkable pocket of West LA, 1615 Greenfield Ave offers a rare 14-unit value-add opportunity near UCLA, Century City, Santa Monica, and Sawtelle Japantown. The property features a desirable mix of two- and three-bedroom units, gated entry, and dedicated parking—highly sought-after amenities in this dense rental market. With current rents below market, investors can unlock upside through unit renovations and common area upgrades. Operating under fee simple ownership, utilities include separately metered electric and master-metered water and gas (for central water heating). This is a strong long-term hold with durable cash flow and appreciation potential in one of LA’s most supply-constrained submarkets.

FOR SALE DETAILS

PRICE

$8,300,000 USD

PRICE/SF

$424 USD /SF

# OF UNITS

14

PRICE/UNIT

$592,857

CAP RATE

5.13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

LAR3

APN/PARCEL ID

4324-031-034

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info

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Tony AzziMarcus & MillichapMore Info

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