Contacts
Kidder Mathews
Property Details
- Property Type Multi-Family
- Property Size 2,536 SF
- Lot Size 0.29 Acre
- Date Updated Sep 25, 2024
We are pleased to present a 5-unit (4 units + Single Family Home)
property located in West LA for only $1,595,000 with 3 of 5 units NOT
subject to rent control and 2 units delivered VACANT! This opportunity is
located one block north of Santa Monica Blvd, just west of the 405, and
in very close proximity to Sawtelle Blvd, one of the trendiest corridors
in Los Angeles with numerous iconic Sawtelle Japantown restaurants
including Mizu 212, Sushi Tsujita, Wine Kitchen House, Hermanito,
Donting Noodle, and Tempura House.
The building currently operates at a 5.55% CAP on current rents
(assuming market rents for the vacant units), with rental upside potential
to a 6.23% CAP on pro-forma rents.
The property consists of two separate structures, with a two-story four
unit in the front and a single-story house in the rear, built in 1940, along
with 7 onsite gated parking spaces. The unit mix consists of 4 studios
(2 extra-large) and 1 two-bedroom two bath unit (situated in the rear
freestanding house). 3 out of 5 units are NON-RENT CONTROL, as they
are subject to a luxury exemption, which includes the two-bedroom two
bath unit. This offering is well positioned for a local operator looking
to increase their holdings and continue driving returns within a highly
coveted and proven submarket.
Reach out to the broker for more info on lease terms and amenities
Getting around
-
93/100
Walk Score ®
-
65/100
Transit Score ®
-
77/100
Bike Score ®
Location
- City Los Angeles, CA
- Neighborhood Sawtelle
- Zip Code 90025
- Market Los Angeles
Points of Interest
-
Westwood/Rancho Park
1.72 miles
-
Upper Tram Station
2.55 miles
-
Palms
3.00 miles
-
Lower Tram Station
3.12 miles
-
Farmer's Market
5.57 miles
-
Farmdale
6.28 miles
-
Martin Luther King Jr.
7.15 miles
-
Westchester/Veterans
7.36 miles
-
Leimert Park
7.44 miles
-
Hollywood/Highland
7.50 miles
-
Shell
0.17 miles
-
SK
0.18 miles
-
FLO
0.37 miles
-
West L.A. Customer Service Center
0.44 miles
-
Mobil
0.46 miles
-
76
0.66 miles
-
Chevron
0.86 miles
-
eVgo
0.87 miles
-
Conserv
0.92 miles
-
United Oil
0.95 miles
-
Equinox Fitness
0.54 miles
-
Lot 35
0.68 miles
-
Lot 10
0.68 miles
-
Lot 9
0.71 miles
-
Lot 16
0.74 miles
-
Lot 36
0.75 miles
-
Lot 18
0.84 miles
-
Parking 36
0.88 miles
-
Lot 20
0.89 miles
-
Westside Collector Car Storage
5.20 miles
-
Hotel Brooks
0.17 miles
-
West End Hotel
0.18 miles
-
Holiday Inn Express
0.27 miles
-
Wilshire Motel
0.81 miles
-
Royal Santa Monica Motel
0.99 miles
-
Plaza la Reina
1.07 miles
-
Royal Palace Westwood
1.10 miles
-
Claremont Hotel
1.11 miles
-
Century Wilshire
1.18 miles
-
Kimpton Hotel Palomar Los Angeles - Beverly Hills - a Kimpton Hotel
1.25 miles
-
Target
0.49 miles
-
Ross
0.75 miles
-
Nijiya Market
0.81 miles
-
Bristol Farms
0.81 miles
-
Ralphs
0.83 miles
-
Sprouts Farmers Market
0.83 miles
-
Smart & Final
0.86 miles
-
99 Ranch Market
0.87 miles
-
Marshalls
0.89 miles
-
Trader Joe's
0.92 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Kidder Mathews
