2619 S Sepulveda Blvd - Apartments FOR SALE


Los Angeles, CA 90064- West Los Angeles
$5,900,000 USD
310-968-5303
2619 S Sepulveda Blvd, Los Angeles, CA for Sale
$5,900,000 USD
Apartments - FOR SALE
1/7
null | 5.64% Cap Rate

2619 S Sepulveda Blvd
Los Angeles, CA 90064
West Los Angeles


HIGHLIGHTS

  • Prime West Los Angeles location with convenient access to Century City, Westwood, Santa Monica, and UCLA, supporting strong long-term rental demand
  • 29 units across two separate buildings on one APN
  • Being sold by original developer's family
  • Attractive courtyard-style apartment setting
  • Soft-story seismic retrofit work completed
  • Part of larger portfolio: Available separately or together (inquire with broker)

OVERVIEW

Jonathan Taksa of the Taksa Investment Group is pleased to present a truly generational investment opportunity. Offered as part of a rare six-property portfolio available individually or as a package, 2617–2619 S Sepulveda Blvd. presents an exceptional opportunity to acquire a meaningful rental footprint in the heart of West Los Angeles, one of the Westside’s most consistently desirable and resilient rental submarkets. Adding to the uniqueness of the offering, each property in the portfolio was originally built by the Seller’s family, creating a true generational ownership story seldom seen in the marketplace. 2617–2619 S Sepulveda Blvd consists of 29 units across two separate buildings on one APN. Originally built in 1974, the property is situated on a 19,850-square-foot, R3-zoned lot. The property features an attractive and highly rentable unit mix comprised of 1 bachelor unit, 12 studio units with full kitchens, 13 one-bedroom/one-bath units, and 3 two-bedroom/two-bath units. With strong in-place fundamentals and significant upside in rents, the property offers investors the ability to immediately control a sizable West LA asset with long-term income growth potential. The improvements offer many features sought by today’s renters, including pleasant layouts, a courtyard-style apartment setting, gated on-site parking, on-site laundry facilities, air-conditioning units, and patios or balconies in the units. The residences are filled with natural light, and ownership has already completed the soft-story seismic retrofit, providing a major benefit for a future buyer. From a location standpoint, the offering is exceptionally well positioned in West Los Angeles, with convenient access to Century City, Westwood, Santa Monica, and UCLA, all of which help support deep and diverse tenant demand. UCLA notes that its main campus is in Westwood, and identifies West LA among the common surrounding neighborhoods tied to the university area. The properties also benefit from proximity to some of the Westside’s most dynamic lifestyle destinations, including the Sawtelle Japantown corridor, which remains one of West LA’s best known dining destinations, as well as the shopping, dining, and entertainment offerings of Westfield Century City and Downtown Santa Monica / Third Street Promenade. For investors seeking scale, rental upside, strong historical ownership, and premier Westside location fundamentals, 2617–2619 S Sepulveda Blvd represents an outstanding opportunity to establish or expand a presence in one of Los Angeles’ most proven multifamily markets.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

29

PRICE/UNIT

$203,448

CAP RATE

5.64%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

29 Units in West LA: 1st Time Ever for Sale

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,864 SF

ZONING

LAR3

APN/PARCEL ID

4256-013-043

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.