1630 Hilts Ave - Apartments FOR SALE


Los Angeles, CA 90024- Westwood
$5,350,000 USD
310-968-5303
1630 Hilts Ave, Los Angeles, CA for Sale
$5,350,000 USD
Apartments - FOR SALE
1/41
null | 5.19% Cap Rate

1630 Hilts Ave
Los Angeles, CA 90024
Westwood


HIGHLIGHTS

  • Generational Westwood Asset - First time offered for sale by original building developer's family
  • Exceptionally Large Apartment Homes with significant upside: Spacious floor plans significantly larger than typical modern apartment construction
  • Highly Desirable Unit Amenities: Fireplaces and Central air conditioning — rare for buildings built in the early 1970s
  • Immediate access to Century City, Beverly Hills, and Santa Monica
  • Westwood remains one of the most desirable and tightly held rental markets on the Westside
  • Prominent Corner Lot Location

OVERVIEW

Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to present 1630 Hilts Avenue, an exceptional 12-unit multifamily investment opportunity located in one of the most prestigious and supply-constrained rental markets on Los Angeles’ coveted Westside. Offered for sale for the first time in decades, this generational asset has been held by the same family ownership for many years and represents the rare opportunity to acquire a well-located Westwood apartment building with irreplaceable fundamentals, strong in-place income, and significant rental upside potential. Constructed in 1972, the property sits prominently on a large corner parcel at Hilts Avenue and Holman Avenue, providing strong curb appeal, excellent visibility, and an abundance of natural light throughout the building. The spacious apartment homes are significantly larger than typical modern construction, offering expansive living areas that continue to attract quality tenants seeking space and comfort in one of Los Angeles’ most desirable residential neighborhoods. The residences feature a highly desirable amenity package including central air conditioning, a rare feature for buildings of this vintage, as well as fireplaces, oversized kitchens, and private balconies. These features combine to create an attractive residential environment that stands apart from many competing rental properties throughout the Westside. Residents also benefit from on-site laundry facilities and the tranquility of a quiet residential street while remaining moments from the dynamic lifestyle amenities that define West Los Angeles. 1630 Hilts Avenue is ideally situated just minutes from University of California, Los Angeles, one of the nation’s premier universities and a major economic driver for the surrounding community. The property also o ers convenient access to the employment centers and lifestyle amenities of Century City, Beverly Hills, and Santa Monica, placing residents at the center of the Westside’s most desirable destinations. Due to long-term ownership and historically conservative rent increases, the property o ers investors the opportunity to significantly increase rental income and unlock substantial value over time. With its large unit sizes, rare amenities, prominent corner location, and long-term family ownership, 1630 Hilts Avenue represents a rare opportunity to acquire a pride-of-ownership apartment building in one of Los Angeles’ most prestigious rental markets, offering investors both stable income today and the ability to capture substantial rental upside over time in a highly desirable Westside location.

FOR SALE DETAILS

PRICE

$5,350,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

12

PRICE/UNIT

$445,833

CAP RATE

5.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pride of Ownership Property in WESTWOOD

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

R3

APN/PARCEL ID

4326-025-035

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.