1812 Westholme Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$3,995,000 USD
310-270-8423
1812 Westholme Ave, Los Angeles, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/33
null | 4.54% Cap Rate

1812 Westholme Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • RARE AAA+ Century City/West LA Location Adjacent to Westwood
  • CLOSE proximity to a plethora of Fine Dining, Shopping, and Entertainment options
  • Excellent unit mix consisting of Ten 1BR/1BA & Two Studio Units
  • Three Unit Being Delivered Vacant at the close of escrow
  • Recent capital improvements include completed earthquake seismic retrofit, New Roof & New Electric Subpanels - SB 721 Balcony Inspection Completed!
  • Value Add Investment Opportunity with 20% Upside in Market Rents

OVERVIEW

Located in the heart of West Los Angeles, adjacent to Century City, 1812 Westholme Ave is a well-maintained 12-unit multifamily property offering both stability and significant upside potential. Built in 1968, the property consists of (10) one-bedroom, one-bathroom units and (2) studio units. Recent capital improvements include a completed seismic retrofit and brand-new electric subpanels, ensuring long-term durability and compliance. The property will be delivered with three vacant units, providing immediate value-add potential. This asset presents an exceptional opportunity for long-term investors, featuring a secured entry, ample on-site parking, and an on-site laundry facility. Several units have been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly attractive to tenants. Strategically positioned just moments from Century City Mall, 1812 Westholme Ave offers unparalleled access to premier shopping, dining, entertainment, and major employment centers. With strong in-place income, significant rental appreciation potential, and a desirable tenant base, this property is a rare chance to acquire a prime, income-generating asset in one of Los Angeles’ most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$503 USD /SF

# OF UNITS

12

PRICE/UNIT

$332,917

CAP RATE

4.54%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAR3

APN/PARCEL ID

4317-004-021

ASK ABOUT THIS PROPERTY

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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