1946 Holmby ave, Westwood, CA 90025
Active
$1,999,999
12%
3 Units
5 Beds
5 Baths
2,973 Area(sq.ft.)
Lot: 5,511 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 3,400 | $ 3,400 | $ 4,400 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,730 | $ 2,730 | $ 3,100 |
| Unit 3 | 1 | 2 | 1.50 | No | $ 2,106 | $ 2,106 | $ 3,900 |
| 3 | 5 | 5 | $ 8,236 | $ 8,236 | $ 11,400 |
| MLS #: | 25512477 |
| Days On Market: | 264 |
| Listing Date: | March 17, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 673 |
| Price per unit: | $ 666,666 |
| Year Built: | 1951 |
Property Details
New $100,000 Price Reduction! Don't Miss this Opportunity! Ideal For Investors Or Owner-Users Seeking Value and Upside. Potential To Deliver Front "Owner's Unit" Vacant With Cash-For-Keys Offer. 1946 Holmby Avenue offers a rare opportunity to acquire a well-maintained two-story Mid-Century Modern triplex in the highly desirable Century City neighborhood of West Los Angeles. Situated on a quiet residential street, the property is just minutes from high-end shopping, dining, and entertainment, with convenient access to major thoroughfares. Built in 1951 and 1959, the triplex spans 2,973 rentable SF on a 5,509 SF lot with LARD1.5 zoning, presenting significant development or ADU potential. Recent capital improvements include upgraded copper plumbing, newly redone roofs, sewer lines, windows, and water heaters. The unit mix consists of One (1) spacious two-bedroom "owner's unit" with a large den (may convert to a third bedroom), private patio, and upgraded central HVAC, one (1) two-bedroom townhome, and one (1) one-bedroom unit. Each unit features large floorplans with private patios or balconies, ample natural light, and limited common walls, ensuring privacy for tenants. With 35%+ rental upside potential, strong tenant demand, and long-term appreciation potential, 1946 Holmby Avenue is a prime investment opportunity in one of Los Angeles' most sought-after neighborhoods.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 95,867 |
| Total Annual Expense: | $ 41,739 |
| Net Operating Income: | $ 54,128 |
| Gross Annual Income: | $ 98,832 |
| Gross Rent Multiplier: | 23.02 |
Structure
| Buildings: | 2 |
| Levels: | Two |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | Central, Wall Unit(s) |
| Equipment: | None |
| Heating: | Central, Wall |
Exterior
Detailed Map
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Income
