This exceptional opportunity presents the chance to acquire a strategically situated 7-unit apartment building in the heart of West Los Angeles. Spanning an impressive 6,066 square feet, this fully occupied multifamily property boasts a diverse unit mix, including two spacious 3-bedroom, 2-bathroom units, two cozy 2-bedroom, 2-bathroom units, a charming… Read More 1-bedroom, 1-bathroom unit, and three versatile studios without kitchens. One of these units even features a delightful front patio.Owned and meticulously maintained by a family for years, this building stands on a generous 6,386-square-foot lot, complete with onsite laundry facilities. Nestled in the esteemed Brentwood neighborhood, this property enjoys a prime location, just a short drive from the breathtaking Santa Monica coast and less than 2 miles from the renowned UCLA campus. Residents of this property will relish the proximity to a vibrant array of amenities, all within walking distance. From trendy restaurants and bars to delightful dessert spots, grocery stores, craft shops, and specialty boutiques, this location offers a rare combination of quality, convenience, and potential investment returns. This property will be exchanged under the provisions of section 1031 by the seller. Read Less
Property listed by Regency Property Management, Andrew Weiss 310-801-8434
Built in 1961, Building area total: 6,066, Levels: Two, Living area: 6066, 2 stories, 1 building, Architectural style: MidCenturyModern, Construction materials: Stucco
Cooling
None
Expenses
Electric expense: $1,200, Gardener expense: $1,440, Insurance expense: $8,000, Maintenance expense: $18,715, New taxes expense: $17,500, Trash expense: $300, Water sewer expense: $6,000
Fireplaces
Bath, Gas, Outside
Floors
Laminate, Tile, Vinyl
Heating
WallFurnace
Income
Gross income: $176,000, Net operating income: $135,000
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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