Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
1261 Stoner Avenue . West Los Angeles , CA 90025
For sale 8 unit apartment building in prime Westwood location Los Angeles , California. For additional information regarding this transaction , please contact the listing agent, Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com
Posted: 12/01/2021 5:18 pm
| On HOMEiZ: 869 days |
Updated: 2 years ago
| Views: 444
Location Map
Property Type
Sold
Property Price
$8990000
$8990000
12/02/2021
6,999.00
Sq. Ft.
$783
11485
1.0%
3.52%
$0
$316448
18.32
$0
1.25%
$112375
New Construction
Property Location & Description
For sale 8 unit apartment building in prime Westwood location Los Angeles , California. For additional information regarding this transaction , please contact the listing agent, Glen Scher 818-212-2808 Glen.Scher@marcusmillichap.com
Non Rent Control
New construction 8-unit building located at 1261 Stoner Avenue in Los Angeles, California. The Offering sits on 6,998 square feet of land with 11,485 square feet of rentable area and consists of (1) 2 Bed / 2.5 Bath, (3) 3 Bed / 2.5 Bath, and (4) 3 Bed / 3 Bath units. The Subject property is ideally located just blocks from the Wilshire & Bundy intersection and offers ocean views from its rooftop deck. Built in 2019, The Offering requires extremely low maintenance and management as it is constructed with high-end materials and luxury finishes. This environmentally-friendly LEED Platinum apartment utilizes passive design techniques aimed to minimize the energy load, and thus the environmental footprint of its occupants. Coupled with state-of-the-art technology, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings. The Offering's remarkable design, plethora of unique amenities, and superior walkability (88 Walk Score) offers residents a living experience unrivaled by any competing properties in the sub-market.
The Offering's remarkable design, plethora of unique amenities, and superior walkability (88 Walk Score) offers residents a living experience unrivaled by any competing properties in the sub-market. Additionally, residents also benefit from the Propertys central location, providing easy access to many of Los Angeles major employment hubs including Santa Monica, Westwood, Century City, and Beverly Hills. With its premier location, stylish architecture, low maintenance/management and highend unit finishes, 1261 Stoner Avenue offers investors a turnkey asset with great returns and appreciation, in one of the best pockets of town.
8
$1123750
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
3+2.5
4
2.
3+3
4
3.
4.
5.
4263-008-009
LARD1.5
100%
Wood & Stucco
3
2019
Excellent
Built in 2019
Prime West Los Angeles
Within 1 Block from Wilshire Blvd & Brentwood
Units Feature Balconies
Walk Score of 88
Property Information
Disabled access
Elevator
Sewer
Sewer System (Public)
Parking
On-street
Assigned Parking
16
Investment Overview
Investor
Energy Efficiency
No
2
Years
N/A
N/A
Don't Know
Yes
Don't Know
Don't Know
Neighborhood lifestyle
College Students
New Urban
More information
Listing Presented by
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