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$6,995,000
Est. payment /mo
15 Beds
18 Baths
13,755 SqFt
UPDATED:
12/05/2024 03:29 AM
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 13,755 sqft
Price per Sqft $508
MLS Listing ID 24448141
Bedrooms 15
HOA Y/N No
Year Built 1971
Lot Size 7,649 Sqft
Property Description
Prime Westwood rarely traded 18-unit trophy apartment building offered for sale for the 1st time in over 40 years. Property is located 3 blocks south of Wilshire Blvd and just west of Westwood Blvd. Well maintained asset with 13 out of 18 units renovated and 4 units to be delivered vacant at closing. Good unit mix of 15 spacious 1 bedroom units and 3 studios. Property features underground gated parking with 18 spots, elevator, formal lobby, controlled intercom access, trash chute on each floor and a laundry room with machines owned by the Seller. Priced at only $388,611/unit, $508/S.F., 4% CAP and 15.08 GRM with current rents. Priced at 11.9 GRM and 5.6% CAP with rents at market (buyer to confirm).
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning LAR4
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features Controlled Entrance, Community Structure
Total Parking Spaces 18
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 4324006016
Security Features Security Gate
Special Listing Condition Standard
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Listed by Ramin Gheitanchi • Keller Williams Beverly Hills