Active
$3,500,000
5 Units
7 Beds
9 Baths
6,789 Area(sq.ft.)
Lot: 7,122 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1.50 | No | $ 3,640 | $ 3,640 | $ 3,750 |
| Unit 2 | 2 | 1 | 1.50 | No | $ 3,599 | $ 3,599 | $ 3,750 |
| Unit 3 | 3 | 2 | 2 | No | $ 4,850 | $ 4,850 | $ 5,000 |
| Unit 4 | 4 | 1 | 1.50 | No | $ 2,997 | $ 2,997 | $ 4,250 |
| Unit 5 | 5 | 2 | 2 | No | $ 1,223 | $ 1,223 | $ 5,000 |
| 15 | 23 | 30 | $ 43,493 | $ 43,493 | $ 68,250 |
| MLS #: | 25534711 |
| Days On Market: | 214 |
| Listing Date: | May 5, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 516 |
| Price per unit: | $ 700,000 |
| Year Built: | 1952 |
Property Details
Trophy apartment building on a corner in Prime Westwood between Santa Monica Blvd and Wilshire Blvd. Walking distance to both Century City and the Wilshire Corridor. Strong income producing unit mix of (3) 1B/1.5B and (2) 2B/2B. Units average 1,350 sqft. Three of five units have been extensively renovated with in unit washer/dryers, full sets of stainless-steel appliances, custom dark wood cabinetry, tile showers with separate tubs, central heat and air, and new electrical and plumbing. Two of five units are significantly under market and offer tremendous upside (30%). Rare to find such a renovated property with upside. All units have extensive private outdoor space. Three of five units have massive patios with incredible views of Century City. Impeccably maintained property that has been professionally managed and cared for.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 191,799 |
| Total Annual Expense: | $ 73,161 |
| Net Operating Income: | $ 118,637 |
| Gross Annual Income: | $ 195,713 |
| Cap Rate: | 3.39% |
| Gross Rent Multiplier: | 17.88 |
| Actual Gross Rent: | $ 195,713 |
Structure
| Type of Units: | 2 |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Assigned |
| Total Parking: | 12 |
Interior
| AC/Cooling: | Central |
| Equipment: | Dishwasher, Dryer, Freezer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Washer |
| Heating: | Central |
Exterior
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