Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
1610 South Beverly Glen Boulevard . Westwood , CA 90024
For sale 8 units in prime location Century City, Los Angeles, California. huge upside in rents! For more information on this property, please contact the listing agent, Ramin Gheitanchi ramin@kw.com
Posted: 10/26/2020 9:01 pm
| On HOMEiZ: 1286 days |
Updated: 3 years ago
| Views: 525
Location Map
Property Type
Sold
Property Price
$3800000
$3800000
10/01/2020
6,523.00
Sq. Ft.
$391
9720
Contact listing agent%
0%
$0
$0
0.00
$0
1.25%
$47500
New Construction
Property Location & Description
For sale 8 units in prime location Century City, Los Angeles, California. huge upside in rents! For more information on this property, please contact the listing agent, Ramin Gheitanchi ramin@kw.com
Rent Control
8-unit apartment building located in Prime Century City within walking distance to the newly renovated Westfield Century City mall with a plethora of shopping, dining and entertainment. Rarely traded asset in one of the most prestigious locations is being offered for sale for the first time in decades and features controlled intercom access entry, formal lobby with stained glass windows, a leasing office (delivered vacant), laundry room, and elevator. Delivered vacant is a large 3 Bed/3 Bath penthouse (currently reconfigured as a large 1 bedroom + den + bar and 2 baths) unit with private elevator key access and an oversized rooftop lounge with spectacular views perfect for an owner user. The property has been kept mostly in original condition and has deferred maintenance. Significant upside of approximately 47% in rents. Priced at 11.7 GRM and 6.2% CAP at market rents.
Prime century city.
8
$475000
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
3
1050
$2000
2.
2+2
3
1400
$1900
3.
3+3
2
1700
$3700
4.
5.
4327-008-002
LAR3
100%
Wood & Stucco
3
1961
Good
Rarely traded prestigious Century City location within walking distance to Westfield Century City mall
Large penthouse unit with private elevator access and rooftop lounge delivered vacant perfect for an owner/user
Controlled intercom access, formal lobby, elevator, laundry room and leasing office
Value add opportunity with approximately 47% upside
Units Separately metered for gas and electricity
Property Information
Controlled access
Disabled access
Elevator
Gated entry
Sewer
Sewer System (Public)
Parking
On-street
Assigned Parking
No Data
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
College Students
New Urban
More information
20-598590
Listing Presented by
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