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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).
Property Type(s):
Residential Income
| Last Updated | 10/2/2024 | Year Built | 1971 |
|---|---|---|---|
| Community | Westwood - Century City | County | Los Angeles |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Westwood - Century City |
| GARAGE | Community Structure, Controlled Entrance |
| HEAT | Electric |
| LOT | 7650 sq ft |
| LOT DIMENSIONS | 58x133 |
| PARKING | Controlled Entrance,Community Structure |
| STORIES | 3 |
| ZONING | LAR4 |
Location
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Listed with Keller Williams Beverly Hills
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