1743 Butler Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$6,250,000 USD
310-550-2592
1743 Butler Ave, Los Angeles, CA for Sale
$6,250,000 USD
Apartments - FOR SALE
1/47
null | 5.9% Cap Rate

1743 Butler Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Immaculately Maintained 32 Suite Co-Living Asset
  • Suites Appointed with Murphy Beds, Custom Built-Ins Including Refrigerator/Freezers, Smart Televisions, Air Conditioning and Exquisitely Designed

OVERVIEW

CBRE, Inc., as exclusive advisor to the Seller, is pleased to present Cara Co-Living--a trophy asset on the Westside of LA in the Sawtelle area. Cara is a 32-suite professionally managed co-living asset priced at a stabilized 6% cap rate with potential for upside. Immaculately maintained and designed with students and young professionals in mind, the property offers tenants a modern aesthetic with walkability and unrivaled in-suite amenities. Cara Co-Living is located ±9 minutes by car to UCLA, a ±15-minute walk to the future Metro D Line subway station at Wilshire in Brentwood (projected Fall, 2027), and is less than a 5-minute stroll to Sawtelle Japantown with its incredible array of dining, nightlife and entertainment options. Current ownership manages the asset with attention to every detail. Suites are appointed with murphy beds, custom built-ins including refrigerator/freezers, smart televisions, air conditioning and exquisitely designed private baths. Each of the eight units has a shared chef’s kitchen and laundry machines serving four suites. Common areas include drought-tolerant landscaping, secure parking and a rear patio with grill, firepit, seating and a sunshade. Weekly cleaning is included, ensuring shared spaces are kept clean and attractive. Cara Co-Living is an asset that must be seen to be fully appreciated and would be the jewel in any investor’s portfolio. Please visit the Property Website to execute the Confidentiality Agreement and access the Virtual Deal Room.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$718 USD /SF

# OF UNITS

8

PRICE/UNIT

$781,250

CAP RATE

5.9%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MySuite at Cara

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

LAR3

APN/PARCEL ID

4261-015-018

ASK ABOUT THIS PROPERTY

310-550-2592

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310-550-2592

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