1830 Greenfield Ave Westwood, CA 90025
Active
$9,250,000
24 Units
35 Beds
35 Baths
24,746 Area(sq.ft.)
19,851 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 11 | 2 | 2 | No | $ 2,558 | $ 28,136 | $ 36,850 |
| Unit 2 | 13 | 1 | 1 | No | $ 2,117 | $ 27,523 | $ 32,435 |
| 2 | 24 | 35 | 35 | $ 55,659 | $ 667,295 | $ 827,005 |
| MLS #: | 24-443537 |
| Days On Market: | 11 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 374 |
| Price per unit: | $ 385,417 |
| Year Built: | 1963 |
Property Details
We are pleased to offer for sale a rare 24-unit multi-family investment opportunity ideally located in the heart of LA's vibrant Westside. 1830 Greenfield Avenue, built in 1963 and positioned along a lovely tree lined street, boasts an ideal unit mix consisting of large 1-bedroom and 2-bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. The unit mix includes (12) 2-bed, 2-bath units and(12) 1-bed, 1-bath units, and there is significant rental upside in the rents. The property features an idyllic courtyard setting with a fountain, a large lobby, ample parking, and an on-site laundry facility. Owned by the same family for several decades, this trophy asset is situated in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. In close proximity to the high-end dining and nightlife of Century City andBrentwood, this rare offering presents an astute investor with the unique opportunity to establish a significant rental footprint in West LA and to capitalize on higher market rents in one of the best rental locations in all of Los Angeles.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes, 100% |
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 672,900 |
| Total Annual Expense: | $ 237,477 |
| Net Operating Income: | $ 415,386 |
| Gross Annual Income: | $ 667,908 |
| Cap Rate: | 4.49% |
| Gross Rent Multiplier: | 13.75 |
Structure
| Type of Units: | 2s,1s |
| Buildings: | 1 |
| Levels: | One |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Assigned |
| Total Parking: | 36 |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | None |
| Heating: | Wall |
Exterior
Detailed Map
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Income
