1511 Corinth Ave - Apartments FOR SALE


Los Angeles, CA 90025
$2,450,000 USD
310-382-6705
1511 Corinth Ave, Los Angeles, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/12
null | 4.7% Cap Rate

1511 Corinth Ave
Los Angeles, CA 90025


HIGHLIGHTS

  • 2 Current 1-BR Vacancies (Subject to change)
  • Well-located in West LA north of Santa Monica Boulevard
  • Excellent Unit Mix: 3 Two-Bedrooms, 4 One-Bedrooms, 1 Studio
  • Tremendous upside in rents of approximately 38% from current to market
  • Large shared balcony/patio space in the rear of property
  • Seismic Retrofit has been completed

OVERVIEW

Situated in one of Los Angeles’ most desirable rental submarkets, 1511 Corinth Ave presents a unique value-add West LA opportunity just south of Wilshire Blvd and adjacent to Brentwood. The property consists of eight units, including (4) one-bedroom, one-bath units, (3) two-bedroom, one-bath units, and (1) studio, spanning 6,277 square feet on a 7,000 square foot [Q]R3-1 zoned lot. Originally built in 1959, the building offers investors approximately 38% upside in rents, making it an attractive long-term asset in this highly sought-after location. The Westside remains one of the strongest rental markets in Los Angeles, benefiting from sustained rent growth and low vacancy rates. The property is strategically positioned near Santa Monica, Brentwood, and Westwood, providing tenants with convenient access to top-tier dining, nightlife, shopping, and a thriving office market. Given the area’s continued demand and economic strength, 1511 Corinth Ave offers a rare opportunity to own a well-located multifamily asset with strong future appreciation potential. This is one of a 4-property, 37-Unit Westside portfolio which may be delivered individually or collectively. The other addresses are: 1320 S. Carmelina Avenue (9 Units), 3310 S. Keystone Avenue (10 Units), and 3636 S. Keystone Avenue (10 Units).

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$390 USD /SF

# OF UNITS

8

PRICE/UNIT

$306,250

CAP RATE

4.7%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime 8-Unit West LA Property

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

[Q]R3-1

APN/PARCEL ID

4261-004-004

ASK ABOUT THIS PROPERTY

Everett WongGreysteelMore Info
310-382-6705

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Everett WongGreysteelMore Info
310-382-6705

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