CBRE, as exclusive agent, is pleased to present an exceptional opportunity to acquire three apartment buildings strategically located in the highly desirable West Los Angeles submarket. Comprising a total of 49 units, the buildings are located at 1755 Granville Avenue (19 units), 1711 Granville Avenue (14 units),and 1810 Stoner Avenue (16 units). This portfolio offers a compelling value-add investment in a robust rental market.
The buildings may be purchased separately or together or in any combination.
1755 Granville: 11 of 19 units have been renovated, offering a projected rental upside of 19.76% upon completion of eight remaining units and the building exterior.
1711 Granville: 8 of 14 units and the exterior have been nicely renovated, with an estimated rental upside of 21.69% after renovating the six remaining units.
1810 Stoner: 6 of 16 units have been renovated, offering a projected rental upside of 22.46% upon completion of ten remaining units and the building exterior.
The staggered renovation statuses provide revenue enhancement potential through continued unit upgrades and market-rate rent increase adjustments.