1946 Overland Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$12,500,000 USD
310-706-4400
1946 Overland Ave, Los Angeles, CA for Sale
$12,500,000 USD
Apartments - FOR SALE
1/11
null | 4.35% Cap Rate

1946 Overland Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • 1946 Overland is an exquisitely designed 15-unit apartment building in prime West LA with high-end finishes that cater to the most discerning renters.
  • The Property offers a mix of large, condo quality units that include 6 one-bedrooms and 9 two-bedrooms ranging from 891 to 1,481 square feet.
  • Within 1 mile of both Westwood Village and Century City and their myriad dining, shopping, entertainment, farmer’s markets, & recreational amenities.
  • Surrounded by Silicon Beach, one of the most dynamic employment centers in Southern California.
  • The average household earns $137,893 annually, 74% of the population are college educated, and 76% of the population are renters.
  • 1946 Overland's three largest 2-bedroom units (1,481 SF) all have a den that can be converted to a third bedroom.

OVERVIEW

Marcus & Millichap is pleased to announce it has been retained as the exclusive listing agent for the sale of 1946 Overland, a best-in-class newly constructed apartment building with 15 large floorplans (ranging from 891- 1,481 SF) adjacent to Westwood and Century City in West Los Angeles, CA. The exquisitely designed luxury homes feature a mix of one-bedroom and two-bedroom units with high ceilings, central air & heating, in-residence washer/dryers, abundant closet & storage space, over-sized floor to ceiling windows, and luxury appointments that match the demand preferences of the most discerning renter. In the common areas, the Property features a fitness center, private screening room, lavish rooftop deck with barbecues and fire pits, and a state of the art security system. The award winning architectural and interior design by Valerie Schweitzer Architects incorporates cutting edge environmental sustainability practices, that resulted in the Property achieving LEED Gold certification. 1946 Overland boasts an ideal location, in close proximity to the best of West LA and Beverly Hills including world class shopping at Century City and Rodeo Drive; easy access to the 405 and 10 freeways; and a 5-mile jog to the Pacific Ocean. With its premier quality, superb location, and strong operational performance, 1946 Overland represents an outstanding investment opportunity.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$1,000 USD /SF

# OF UNITS

15

PRICE/UNIT

$833,333

CAP RATE

4.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1946 Overland

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

R3-1-O

APN/PARCEL ID

4321-008-025

ASK ABOUT THIS PROPERTY

Kevin GreenTHG Multifamily AdvisorsMore Info
310-706-4400

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Kevin GreenTHG Multifamily AdvisorsMore Info
310-706-4400

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