We are pleased to present 1630 Hilts Avenue, an exceptional 12-unit multifamily investment opportunity located in one of the most prestigious and supply-constrained rental markets on Los Angeles' coveted Westside. Offered for sale for the first time in decades, this generational asset has been held by the same family ownership… Read More for many years and represents the rare opportunity to acquire a well-located Westwood apartment building with irreplaceable fundamentals, strong in-place income, and significant rental upside potential. Constructed in 1972 by the Seller's family, the property sits prominently on a large corner parcel at Hilts Avenue and Holman Avenue, providing strong curb appeal, excellent visibility, and an abundance of natural light throughout the building. The spacious apartment homes are significantly larger than typical modern construction, offering expansive living areas that continue to attract quality tenants seeking space and comfort in one of Los Angeles' most desirable residential neighborhoods. The residences feature a highly desirable amenity package including central air conditioning, a rare feature for buildings of this vintage, as well as fireplaces, oversized kitchens, and private balconies. These features combine to create an attractive residential environment that stands apart from many competing rental properties throughout the Westside. Residents also benefit from on-site laundry facilities and the tranquility of a quiet residential street while remaining moments from the dynamic lifestyle amenities that define West Los Angeles. 1630 Hilts Avenue is ideally situated just minutes from University of California, Los Angeles, one of the nation's premier universities and a major economic driver for the surrounding community. The property also offers convenient access to the employment centers and lifestyle amenities of Century City, Beverly Hills, and Santa Monica, placing residents at the center of the Westside's most desirable destinations.Due to long-term ownership and historically conservative rent increases, the property offers investors the opportunity to significantly increase rental income and unlock substantial value over time. With its large unit sizes, rare amenities, prominent corner location, and long-term family ownership, 1630 Hilts Avenue represents a rare opportunity to acquire a pride-of-ownership apartment building in one of Los Angeles' most prestigious rental markets, offering investors both stable income today and the ability to capture substantial rental upside over time in a highly desirable Westside location. Read Less
Property listed by Remax Commercial and Investment Realty, Jonathan Taksa 310-259-7556
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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