406 Veteran Ave - Apartments FOR SALE


Los Angeles, CA 90024- Westwood
$7,995,000 USD
310-470-8963
406 Veteran Ave, Los Angeles, CA for Sale
$7,995,000 USD
Apartments - FOR SALE
1/7
null | 3.8% Cap Rate

406 Veteran Ave
Los Angeles, CA 90024
Westwood


HIGHLIGHTS

  • OPEN HOUSE: Thursday, July 24th | 11:00 AM - 2:00 PM
  • Prime West Los Angeles location – one building away from UCLA; walk to Westwood Village; minutes to Westfield Century City
  • Seller is the original builder; first time on the market in over 50 years
  • Built-in tenant source from UCLA; Within blocks of shopping, dining, and coffee shops along Wilshire Boulevard and Westwood Boulevard
  • Beautifully maintained modern three-story elevator building with fantastic curb appeal
  • Strong Demographics: $214K average household income within three miles; $2.7 million average home value within one mile

OVERVIEW

OPEN HOUSE: Thursday, July 24th | 11:00 AM - 2:00 PM Property website with OM, rent roll and proforma: https://properties.berkadia.com/406-veteran-avenue-242568/p/1 We are excited to exclusively offer for sale 406 Veteran Avenue, a 15-unit apartment community located in the heart of Westwood, California, just one building away from the UCLA Campus, and walking distance to the shops, restaurants, and entertainment of Westwood Village. Built in 1963, the 12,744+/- SF building sits on a 7,471+/- SF lot and features an attractive unit mix of 9 one-bedrooms and 6 two-bedrooms. The subject property has been lovingly cared for by the family of the original developer for over 50 years. This high-quality asset boasts subterranean parking for every unit, an elevator, trash chutes, new electrical panels in all units (2025), new water heater (2022), resealed roof (2018), new exterior paint (2019), and has already been re-piped (verticals in 2010 and horizontals in 2008). This is a rare opportunity to purchase a high-quality building in an irreplaceable location, just steps away from the UCLA campus.

FOR SALE DETAILS

PRICE

$7,995,000 USD

PRICE/SF

$494 USD /SF

# OF UNITS

15

PRICE/UNIT

$533,000

CAP RATE

3.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 Units | One Building Away from UCLA Campus

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1963

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

LAR4

APN/PARCEL ID

4363-003-002

ASK ABOUT THIS PROPERTY

Adrienne BarrBerkadiaMore Info
310-470-8963

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Adrienne BarrBerkadiaMore Info
310-470-8963

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