1946 Overland Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$11,500,000 USD
310-706-4400
1946 Overland Ave, Los Angeles, CA for Sale
$11,500,000 USD
Apartments - FOR SALE
1/12
null | 4.77% 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.
  • The Property is within 1 mile of both Westwood Village and Century City and their myriad dining, shopping, entertainment, farmer’s markets, and more.
  • The Property is surrounded by Silicon Beach, one of the most dynamic employment centers in Southern California.
  • Home Ownership is Unattainable for Most: Single family home values in West LA have more than doubled over the last decade to $2.3M.

OVERVIEW

Marcus & Millichap, as the exclusive listing agent, is pleased to offer 1946 Overland, a best-in-class newly constructed apartment building with 15 spacious 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 is ideally located near 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. Combining institutional-quality construction, a premier West Los Angeles location, and strong in-place operations, 1946 Overland presents an exceptional investment opportunity.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$445 USD /SF

# OF UNITS

15

PRICE/UNIT

$766,667

CAP RATE

4.77%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1946 Overland

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2022

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,356 SF

ZONING

R3-1-O

APN/PARCEL ID

4321-008-025

ASK ABOUT THIS PROPERTY

Kevin GreenMarcus & MillichapMore Info
310-706-4400

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Kevin GreenMarcus & MillichapMore Info
310-706-4400

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