1820 S Bundy Dr - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$4,000,000 USD
817-932-6100
1820 S Bundy Dr, Los Angeles, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/4
null | 2.91% Cap Rate

1820 S Bundy Dr
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Nine Multifamily Units Located in the Heart of West Los Angeles
  • Tenants are Responsible for Their own Electricity and Gas
  • Property Owned Coin Operated Washing and Drying Machines
  • Earthquake Retrofit Completion in 2023
  • Property Recently Passed LAHD-SCEP Inspection in October of 2024
  • Low Maintenance Property with Majority of the Units Having Been Updated

OVERVIEW

Marcus & Millichap is pleased to present 1820 S Bundy Apartments, a nine-unit multifamily property located in the heart of West Los Angeles. Located just minutes away from the I-10 and I-405 freeway, this property offers tenants easy access to get across Los Angeles. This property is well located near Gelson's and Trader Joe's supermarkets, numerous restaurants and shops all within walking distance. If tenants need public transportation, the Expo Line Bundy Station is just a short 5-minute walk from the property. 1820 S Bundy Apartments just completed a recent Earthquake Retrofit back in 2023 and passed LAHD-SCEP inspection as of October 2024. With a mix of one studio apartment, four one-bedroom one-bathroom units, one two-bedroom one-bathroom, and three two-bedroom two-bathroom units this property offers plentiful amenities such as on-site coin operated laundry facility that is property owned with one washing and drying machine along with one to one parking. The current ownership pays for water at the property, electricity for the common areas, and gas for the hot water heater. Tenants are responsible for their own gas and electricity. A new Buyer can also have the possibility to add on more units due to the property being eligible for ADU additions (buyer to verify). This property has been operational with low maintenance due to most of the units having been updated.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$625 USD /SF

# OF UNITS

9

PRICE/UNIT

$444,444

CAP RATE

2.91%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bundy Drive Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,403 SF

ZONING

R3

APN/PARCEL ID

4259-017-026

ASK ABOUT THIS PROPERTY

Mark McCoyMarcus & MillichapMore Info
817-932-6100

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Mark McCoyMarcus & MillichapMore Info
817-932-6100

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