121 N Avenue 50 - Apartments FOR SALE


Los Angeles, CA 90042
$9,500,000 USD
310-742-9964
121 N Avenue 50, Los Angeles, CA for Sale
$9,500,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

121 N Avenue 50
Los Angeles, CA 90042


HIGHLIGHTS

  • Compelling Value-Add – Over 75% Upside
  • 10,000 Square Foot Parking Lot Ideal for ADUs or Redevelopment
  • Unique Real Estate with Tall Ceilings, Historic Exterior, and Lot Style Layouts is a Leasing Advantage

OVERVIEW

WDIS, Inc., as the exclusive advisor, is pleased to present Savoy (the "Property") for sale, a 70-unit, seven-building community that was once home to the historic Occidental College. Built in various stages between 1915 and 1940, the main college building features tall ceilings, wide hallways, a large basement with conversion potential, and a surface parking lot. Adjacent to the main building are six single-story low-density buildings which include 28 efficiency units and 8 studio units. One of the bungalow buildings is situated on its own parcel, along with a surface lot, contributing to Savoy’s total surface lot area of 10,320 square feet.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$269 USD /SF

# OF UNITS

70

PRICE/UNIT

$135,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

A 70-Unit Value-Add Opportunity-Highland Park

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,097 SF

ZONING

LARD1.5

APN/PARCEL ID

5468-004-010

ASK ABOUT THIS PROPERTY

Paul DarrowWalker & DunlopMore Info
310-742-9964

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Paul DarrowWalker & DunlopMore Info
310-742-9964

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