11942 Darlington Ave - Apartments FOR SALE


Los Angeles, CA 90049- Brentwood
$3,975,000 USD
424-672-8220
11942 Darlington Ave, Los Angeles, CA for Sale
$3,975,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

11942 Darlington Ave
Los Angeles, CA 90049
Brentwood


HIGHLIGHTS

  • Premier Brentwood location
  • City approved plans for an approximate 429 SF ADU in 11942 Darlington that when built could increase gross income by over $30,000 annually (Buyer to v
  • All units luxuriously upgraded
  • $433,522 spent on apartment renovations / $321,689 spent on common area renovations
  • Soft story retrofit completed
  • Walk to high end dining, retail and nighlife

OVERVIEW

Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a generational multifamily investment opportunity at 11942 Darlington Avenue in the heart of LA’s famed community of Brentwood. The mid-century gem boasts an ideal unit mix consisting of mostly large 1 bedroom and 2 bedroom units.  Each of these units is very spacious, has a terrific floor plan, and offers an abundance of natural light.    Current ownership has invested significant capital into the properties and every unit has been remodeled. The incredible unit mix includes (4) 2-bed, 1.75 bath units, (2) 1-bed, 1 bath units, and (1) efficiency unit. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking (soft story retrofit has been completed) as well as on-site laundry facilities. Additionally, a large storage room has city approved plans for an approximate 429 square foot ADU that when built could increase gross income by over $30,000 annually (Buyer to verify). A quick walk to the high-end dining on San Vicente Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

FOR SALE DETAILS

PRICE

$3,975,000 USD

PRICE/SF

$614 USD /SF

# OF UNITS

7

PRICE/UNIT

$567,857

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7 Units in the heart of Brentwood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,700 SF

ZONING

LAR3

APN/PARCEL ID

4265-009-054,4265-009-055

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
424-672-8220

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
424-672-8220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.