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$ 5,375,000
Est. payment | /mo
51 Beds
51 Baths
28,376 SqFt
$ 5,375,000
Est. payment | /mo
51 Beds
51 Baths
28,376 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 28,376 sqft
Price per Sqft $189
MLS Listing ID 25517405
Bedrooms 51
HOA Y/N No
Year Built 1963
Lot Size 0.677 Acres
Property Description
Originally built in 1963, this offering consists of a highly desirable mix of seven 1+1, two 2+1, sixteen 2+2 and four 3+2 units. The structure is two stories that total approximately 28,376 SF. The apartments surround a courtyard featuring a sparkling pool and a gated entry with 29 covered secured parking spaces. Numerous updated interiors are adorned with a combination of wood laminate & tile floors, granite counters and large walk in closets. Many updated units feature large walk-in closets, wall air conditioning units, ceiling fans, and balconies. With all units currently occupied, this property presents an excellent value-add opportunity offering potential for growth and appreciation for years to come. There is approximately 37% rental upside and an on-site laundry room that provides additional income. The property is located on a corner lot within two blocks of both the 405 Freeway and Sepulveda Boulevard. Tenants are steps away from Starbucks, Bank of America, Walgreens, Vallarta Supermarket, and other retail centers.
Location
State CA
County Los Angeles
Area Noh - North Hills
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Heating Natural Gas
Flooring Laminate
Fireplace No
Appliance Disposal, Microwave
Exterior
Parking Features Covered
Total Parking Spaces 29
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2654014032
Special Listing Condition Standard
Listed by Joshua Luchs • Kidder Mathews of California, Inc.