We are pleased to offer for sale a generational multifamily investment opportunity located at 11948 Darlington Avenue in the heart of LA's famed community of Brentwood. A mid-century gem, the building boasts an extraordinary unit mix consisting of mostly large 2 bedroom, 3 bedroom and 4 bedroom units. Each… Read More of these units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light. Current ownership has invested significant capital into the property and 4 of the 6 units have been remodeled. The incredible unit mix includes (1) two story 4-bed, 2.5-bath unit, (1) 3-bed, 2 bath unit, (3) 2-bed, 2 bath units, and (1) 1-bed, 1 bath unit. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking (soft story retrofit has been completed) as well as on-site laundry facilities. In close proximity to the high-end dining on San Vicente Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles. Read Less
Property listed by Remax Commercial and Investment Realty, Jonathan Taksa 213-817-1000
Listing Snapshot
Days Online
41
Last Updated
Property Type
Other
Beds
14
Square Ft.
7,979
Lot Size
0.17 Acres
Year Built
1967
MLS Number
24469331
30 Days Snapshot Of 90049
$798k
-74%
(avg) sold price
1
-95%
home sold
43
-52%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1967, Building area total: 7,979, Levels: MultiSplit, Living area: 7979, 1 building
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross income: $238,419, Net operating income: $127,831
Lot
0.1688 acres, 7,352 square feet, Size: 7,352
Parking
10 totals parking, Assigned
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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