1677 Westholme Ave - Apartments FOR SALE


Los Angeles, CA 90024- Westwood
$4,895,000 USD
310-270-8423
1677 Westholme Ave, Los Angeles, CA for Sale
$4,895,000 USD
Apartments - FOR SALE
1/38
null | 4.43% Cap Rate

1677 Westholme Ave
Los Angeles, CA 90024
Westwood


HIGHLIGHTS

  • Rare Westwood Location– Between Century City & Little Holmby. Best of West LA — close to top dining, shopping, and major hub centers.
  • Conveniently located near Santa Monica Blvd, Wilshire Blvd, and the soon-to-open Metro Purple Line extension, offering excellent transit.
  • Diverse Unit Mix Featuring Spacious Layouts - (6) 1BR/1BA, (3) 2BR/2BA, & (1) Studio Units
  • Well-Maintained Property – Features a refreshed lobby, modern telecom system, upgraded electrical panels, remodeled elevator, and roof.
  • Modern Interior Finishes – Several units have been tastefully updated with hardwood floors, stainless appliances, and granite countertops.
  • 21% Upside in Market Rents

OVERVIEW

1677 Westholme Avenue presents a rare opportunity to acquire a trophy multifamily asset situated on a prominent corner lot in one of Los Angeles’ most sought-after rental markets. Built in 1963, this well-maintained, pride-of-ownership property spans approximately 11,837 square feet and features a diverse and highly desirable unit mix consisting of (3) two-bedroom, two-bathroom units, (6) one-bedroom, one-bathroom units, and (1) studio unit. With its commanding corner presence, attractive mid-century architecture, the property boasts exceptional curb appeal that sets it apart from comparable buildings in the area. The property offers long-term investment stability and upside, featuring gated parking, controlled access entry, and on-site laundry facilities. One unit will be delivered vacant at the close of escrow, providing immediate value-add potential. With approximately 21% rental upside, investors have an excellent opportunity to increase cash flow through interior renovations and leasing at market rents. Several units have already been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly appealing to today’s renters. Perfectly located in the heart of Westwood, 1677 Westholme Avenue is adjacent to West Los Angeles and just minutes from Century City and UCLA, offering unmatched proximity to world-class dining, shopping, and employment hubs. This corner trophy asset represents an outstanding opportunity to acquire a stabilized, income-producing property with strong fundamentals, proven ownership history, and value-add upside in one of the Westside’s most supply-constrained and high-demand submarkets.

FOR SALE DETAILS

PRICE

$4,895,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

10

PRICE/UNIT

$489,500

CAP RATE

4.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,687 SF

ZONING

LAR3

APN/PARCEL ID

4326-026-023

ASK ABOUT THIS PROPERTY

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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