1830 Greenfield Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$8,500,000 USD
310-968-5303
1830 Greenfield Ave, Los Angeles, CA for Sale
$8,500,000 USD
Apartments - FOR SALE
1/28
null | 5.07% Cap Rate

1830 Greenfield Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Incredible West Los Angeles location
  • Excellent unit mix of large 1 and 2-bedroom floor plans
  • Significant rental upside
  • Charming courtyard setting with fountain
  • Opportunity to add several ADUs (Buyer to verify): 2 large vacant spaces each with a bathroom and kitchen/plumbing

OVERVIEW

Jonathan Taksa of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a rare 24-unit multi-family investment opportunity ideally located in the heart of LA’s vibrant Westside. 1830 Greenfield Avenue, built in 1963 and positioned along a lovely tree lined street, boasts an ideal unit mix consisting of large 1-bedroom and 2-bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. The unit mix includes (11) 2-bed, 2-bath units and (13) 1-bed, 1-bath units, and there is significant rental upside in the rents. The property features an idyllic courtyard setting with a fountain, a large lobby, ample parking, and an on-site laundry facility. Owned by the same family for several decades, this trophy asset is situated in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additionally, not figured in the number of units or income is a "25th" unit that is a large vacant space with a bathroom and kitchen (perfect ADU). Also, there is an additional approximately 1,000 SF vacant space. In close proximity to the high-end dining and nightlife of Century City and Brentwood, this rare offering presents an astute investor with the unique opportunity to establish a significant rental footprint in West LA and to capitalize on higher market rents in one of the best rental locations in all of Los Angeles.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$343 USD /SF

# OF UNITS

24

PRICE/UNIT

$354,167

CAP RATE

5.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare 24 Units Near Century City

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

LAR3

APN/PARCEL ID

4323-012-039

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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