1810 Stoner Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$4,900,000 USD
310-550-2575
1810 Stoner Ave, Los Angeles, CA for Sale
$4,900,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1810 Stoner Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • The Offering presents a rare opportunity for investors to acquire three well-located West LA apartment buildings either together or separately.
  • Fabulous West Los Angeles Dining and Retail Destinations.
  • Submarket comprises several of L.A.’s premier office nodes, some of the nation’s most desirable residential real estate, and world-famous attractions.

OVERVIEW

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 1810 Stoner Avenue (16 units), 1711 Granville Avenue (14 units), and 1755 Granville Avenue (19 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. 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. 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. 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. The staggered renovation statuses provide revenue enhancement potential through continued unit upgrades and market-rate rent increase adjustments.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

16

PRICE/UNIT

$306,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

12,976 SF

ZONING

LARD1.5

APN/PARCEL ID

4262-022-027

ASK ABOUT THIS PROPERTY

310-550-2575

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310-550-2575

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