1830 Greenfield Avenue , Los Angeles, CA - 90025 is For Sale

  • 24443537
  • 24443537
  • 24443537
  • 24443537
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  • 24443537
  • 24443537
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  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
  • 24443537
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$9,250,000· Income property

Description

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.

Features

MLS#: 24443537
List Price : $9,250,000
Total Units : 24
CAP rate : $4.49
Gross Operating Income : $672,900
Net Operating Income : $415,386
Sq M : 1,844 M2
Year Built : 1963
Days on market : 24 Days
Gross taxes : N/A
Address : 1830 Greenfield Avenue
City : Los Angeles
State : CA
Zip Code : 90025
Neighborhood : N/A
Stories : 2
Parking Features : Assigned
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $9,250,000
Acres : 0.4557
Lot Size (Acres) : 0.4557
Heating : Wall Furnace
Parking Features : Assigned
Cooling : Wall/Window Unit(s)
Driving Directions : Just south of Santa Monica Blvd., near Century City. Prime Westwood adjacent area.
 
Courtesy of : Jonathan Taksa , Remax Commercial and Investment Realty

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