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$ 4,400,000
Est. payment | /mo
8,302 SqFt
$ 4,400,000
Est. payment | /mo
8,302 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,302 sqft
Price per Sqft $529
MLS Listing ID CL26876177
HOA Y/N No
Year Built 1964
Lot Size 8,235 Sqft
Acres 0.189
Property Sub-Type Other
Property Description
Rare offering on Westwood's favorite tree-lined cul-de-sac. Located just south of Wilshire Boulevard and a short distance from Westwood Village and UCLA, this property offers convenient access to the Westwood Recreation Center's expansive grounds, including pickleball courts, a dog park, and more. The building features eight 2-bedroom, 2-bath units. Six of the eight units have turned over relatively recently and have been upgraded with quality finishes. Select units include private laundry, with community laundry also available. Most units offer a private balcony or patio. There are 14 secure garage parking spaces, including 6 tandem spaces. The property benefits from resilient submarket fundamentals, with strong rental demand, high occupancy, and low vacancy. Westwood is adjacent to Brentwood, Century City, and Beverly Hills, and is surrounded by dining and shopping options on nearby streets and in Westwood Village (Walk Score of 78). Strong in-place management and consistent maintenance are already in place. Approximately 15% upside potential exists as rents are repositioned over time. Annual expenses are estimated at approximately 35%, including estimated property tax after sale. One of the sellers is a licensed California Real Estate Broker.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Other
Fireplace No
Laundry Common Area, Other, Inside
Exterior
View Y/N true
View Park/Greenbelt
Building
New Construction No
Others
Tax ID 4324013005
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Listed by David Putnam • Berkshire Hathaway HomeServices California Properties
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