1629 Veteran Ave - Apartments FOR SALE


Los Angeles, CA 90024- Westwood
$7,250,000 USD
213-359-4843
1629 Veteran Ave, Los Angeles, CA for Sale
$7,250,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

1629 Veteran Ave
Los Angeles, CA 90024
Westwood


OVERVIEW

Cushman & Wakefield, Inc., as exclusive advisor, is offering for sale The Cypress (the “Property”), a lender-owned, 34-unit apartment community located one mile from UCLA in Westwood (Los Angeles), California. Adjacent to UCLA with Strong Renter Demand The Property is minutes from UCLA's 419-acre campus and is 100% leased with a wait list of applicants. Over 70% of residents at The Cypress are UCLA students or faculty. Recently Renovated, Bespoke Micro Units The Cypress was comprehensively renovated during 2022-2023 including all building systems, living areas, and common areas. The Property is just one of four purpose-built apartments in the Westwood submarket specifically curated with contemporary micro-living units. Dynamic West Los Angeles Location The Cypress is located within 3 miles of all major Westside employment centers including Santa Monica, Century City, Beverly Hills, Culver City, Playa Vista and Brentwood. Within minutes of the Property are the world’s largest tech, entertainment, and media companies, including Riot Games, Google, Amazon, Apple, Facebook, HBO, and Netflix driving significant renter demand. At the Doorstep of the 2028 Summer Olympics UCLA will host the main Olympic athletic training center, Olympic Village, and tennis, judo and wrestling competitions. Over 17,000 Olympic athletes and support personnel are expected to reside in the immediate area during the Olympics.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$511 USD /SF

# OF UNITS

34

PRICE/UNIT

$213,235

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Cypress

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,919 SF

ZONING

LAR3

APN/PARCEL ID

4324-030-025

ASK ABOUT THIS PROPERTY

Marc RenardCushman & WakefieldMore Info
213-359-4843

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Marc RenardCushman & WakefieldMore Info
213-359-4843

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