2524 S Sepulveda Blvd - Apartments FOR SALE


Los Angeles, CA 90064- West Los Angeles
$3,250,000 USD
310-328-5208
2524 S Sepulveda Blvd, Los Angeles, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/8
null | 5.09% Cap Rate

2524 S Sepulveda Blvd
Los Angeles, CA 90064
West Los Angeles


HIGHLIGHTS

  • Not Subject to LA City Rent Control - Only State AB1482
  • Immediate Value Add Opportunity 5 of 8 Units Delivered Vacant
  • Potential to Convert Rec Room into ADU - Buyer to Verify
  • Highly Desirable Westside Community
  • 7+1 Non-Conforming Unit

OVERVIEW

2524 S Sepulveda Blvd is a multifamily property in the heart of West Los Angeles. Conveniently located adjacent to both the 405 and 10 freeways, and just steps away the from the Metro Expo Line Station, 2524 Sepulveda is a four story apartment property that features three 1+1 units, a 1+1.5 townhome style unit, three 2+2 units and one non-conforming single. Tenants enjoy gated secured on-grade parking and multiple private balconies, as well common area laundry facilities. Built in 1991, this property will be delivered with 5 of its 8 units vacant, presenting a savvy investor with an immediate value-add opportunity through renovations and repositioning to achieve market rents. Located in a desirable and supply-constrained rental market, the property offers strong long-term growth potential and durable tenant demand.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

8

PRICE/UNIT

$406,250

CAP RATE

5.09%

% LEASED

38%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1991

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,228 SF

ZONING

LAR3

APN/PARCEL ID

4256-016-001

ASK ABOUT THIS PROPERTY

Jonathan KrikorianIREA, Inc.More Info
310-328-5208

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Jonathan KrikorianIREA, Inc.More Info
310-328-5208

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