6901 S Western Ave - Apartments FOR SALE


Los Angeles, CA 90047- South Central LA
$26,500,000 USD
718-406-3128
6901 S Western Ave, Los Angeles, CA for Sale
$26,500,000 USD
Apartments - FOR SALE
1/49
null | 5.78% Cap Rate

6901 S Western Ave
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • Brand-New Construction
  • Rare Opportunity in Today’s Market
  • Desirable Amenities
  • Ample Garage Parking
  • Emerging Neighborhood
  • Long-Term Investment Outlook

OVERVIEW

Brand-New Construction A recently completed mid-rise development, this property offers the benefits of modern design and turnkey condition. Investors can take comfort in knowing the building requires little to no immediate maintenance, allowing for seamless operations from the start. Rare Opportunity in Today’s Market Building in Los Angeles has become increasingly difficult, with extensive red tape, costly delays, and frequent legal challenges slowing down new development. On top of that, Measure ULA adds further pressure, discouraging many developers from bringing new product to market. As a result, opportunities to acquire a brand-new, large-scale apartment community are exceptionally rare, making this property a unique chance to buy a turnkey product in today’s market. Desirable Amenities Features such as gated entry, laundry facilities, and ample parking enhance the everyday living experience and position the property as a sought-after rental option in its submarket. Ample Garage Parking Covered parking is a rare advantage in Los Angeles and a major draw for residents seeking both convenience and security for their vehicles. Emerging Neighborhood Located in a community experiencing ongoing revitalization, the property benefits from local investment and economic growth. This positive momentum is helping reshape the area into a more desirable place to live, work, and invest. Long-Term Investment Outlook With rising housing demand and limited affordability for homeownership in Los Angeles, quality rental housing remains in high demand. This property offers a strong foundation for steady income and long-term appreciation potential.

FOR SALE DETAILS

PRICE

$26,500,000 USD

PRICE/SF

$432 USD /SF

# OF UNITS

88

PRICE/UNIT

$301,136

CAP RATE

5.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

LAC2

APN/PARCEL ID

6016-025-001,6016-025-004,6016-025-027

ASK ABOUT THIS PROPERTY

Sam LiberowMarcus & MillichapMore Info
718-406-3128

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Sam LiberowMarcus & MillichapMore Info
718-406-3128

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