Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

8

Building size

8,302 sqft

Lot size

8,235 sqft

Year built

1964

Stories

2

Garage spaces

14

Heating

Combination

View

Park/Greenbelt

Status

Active

Days on market

39

MLS #

246500195

About this property

Rare offering on Westwood's favorite tree-lined cul-de-sac. Located just south of Wilshire Boulevard and a short distance from Westwood Village and UCLA, this property offers convenient access to the Westwood Recreation Center's expansive grounds, including pickleball courts, a dog park, and more. The building features eight 2-bedroom, 2-bath units. Six of the eight units have turned over relatively recently and have been upgraded with quality finishes. Select units include private laundry, with community laundry also available. Most units offer a private balcony or patio. There are 14 secure garage parking spaces, including 6 tandem spaces. The property benefits from resilient submarket fundamentals, with strong rental demand, high occupancy, and low vacancy. Westwood is adjacent to Brentwood, Century City, and Beverly Hills, and is surrounded by dining and shopping options on nearby streets and in Westwood Village (Walk Score of 78). Strong in-place management and consistent maintenance are already in place. Approximately 15% upside potential exists as rents are repositioned over time. Annual expenses are estimated at approximately 35%, including estimated property tax after sale. One of the sellers is a licensed California Real Estate Broker.

Location

1424 Greenfield Avenue

Los Angeles, Los Angeles, CA, 90025