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10745 La Grange Ave, Los Angeles, CA 90025

$4,165,000

Description

Lyon Stahl Investment Real Estate & JNM Realty are proud to present 10745 La Grange Ave in Los Angeles. This beautiful 8-unit apartment building is on the market for the first time in 39 years! This very well-maintained 8,182 sq ft building is situated on a 7,435 sq ft lot, zoned LAR3 in a Tier 2 TOC designated zone. Built in 1963, this property features a unit mix of (4) 2-bed/2-bath units, (2) 2-bed/1.5-bath townhouse-style units, and (2) 1-bed/1-bath units, currently bringing in rental income of $20,977 monthly and $251,724 annually. One town-house-style unit was fully renovated in 2017, two units feature balconies, and within the past 5 years, the roof has been replaced and new copper plumbing has been installed.

The property is in a prime West LA location near the 405/10 freeways, Westfield Century City, Los Angeles Country Club, UCLA, Westwood Village, Beverly Hills, Santa Monica, Culver City, Westside Pavilion (future home of Google), and two expo line stations. This is a perfect investment opportunity for anyone looking to acquire a multifamily asset in a prime location with limited inventory, featuring completed EQ retrofitting, upcoming vacancies, 2 decontrolled units, and potential to build 14 units, utilizing the TOC designation.

Investment Highlights: 

• Unit Mix: (4) 2-Bed/2-Bath, (2) 2-Bed/1.5-Bath Townhouse-Style, (2) 1-Bed/1-Bath Units
• 8,182 SF Two-Story building on a large 7,435 SF Lot
• Built in 1963 | Some units recently updated/remodeled
• 3-4 upcoming vacancies | 2 Non-Rent-Controlled Units
• Current 3.77% CAP & 16.6 GRM | Proforma 4.77% CAP & 14.2 GRM
• Seismic Retrofitting almost complete
• Zoned LAR3 | Tier 2 TOC
• Incredible Location: Within 2 miles of UCLA, Westwood Village, Westfield Century City, LA Country Club, Metro Expo Lines, Google’s new campus development: One Westside, and more!

https://lyonstahl.com/property/10745-la-grange-ave-los-angeles-ca-90025/Lyon Stahl Investment Real Estate & JNM Realty are proud to present 10745 La Grange Ave in Los Angeles. This beautiful 8-unit apartment building is on the market for the first time in 39 years! This very well-maintained 8,182 sq ft building is situated on a 7,435 sq ft lot, zoned LAR3 in a Tier 2 TOC designated zone. Built in 1963, this property features a unit mix of (4) 2-bed/2-bath units, (2) 2-bed/1.5-bath townhouse-style units, and (2) 1-bed/1-bath units, currently bringing in rental income of $20,977 monthly and $251,724 annually. One town-house-style unit was fully renovated in 2017, two units feature balconies, and within the past 5 years, the roof has been replaced and new copper plumbing has been installed.The property is in a prime West LA location near the 405/10 freeways, Westfield Century City, Los Angeles Country Club, UCLA, Westwood Village, Beverly Hills, Santa Monica, Culver City, Westside Pavilion (future home of Google), and two expo line stations. This is a perfect investment opportunity for anyone looking to acquire a multifamily asset in a prime location with limited inventory, featuring completed EQ retrofitting, upcoming vacancies, 2 decontrolled units, and potential to build 14 units, utilizing the TOC designation.Investment Highlights: • Unit Mix: (4) 2-Bed/2-Bath, (2) 2-Bed/1.5-Bath Townhouse-Style, (2) 1-Bed/1-Bath Units • 8,182 SF Two-Story building on a large 7,435 SF Lot • Built in 1963 | Some units recently updated/remodeled • 3-4 upcoming vacancies | 2 Non-Rent-Controlled Units • Current 3.77% CAP & 16.6 GRM | Proforma 4.77% CAP & 14.2 GRM • Seismic Retrofitting almost complete • Zoned LAR3 | Tier 2 TOC • Incredible Location: Within 2 miles of UCLA, Westwood Village, Westfield Century City, LA Country Club, Metro Expo Lines, Google’s new campus development: One Westside, and more!

Property Downloads

Address

  • City: Los Angeles
  • State/county: CA
  • Country: United States

Detail

Updated on September 12, 2019 at 7:04 pm

  • Price: $4,165,000
  • Sell Date: 9/10/19
  • Property Size: 8,182 Sq Ft
  • Land Area: 7,435 Sq Ft
  • Garage Size: 8
  • Year Built: 1963
  • Property Type: Multifamily
  • Property Status: Sold
  • Numbers of Units: 8
  • GRM: 16.68
  • CAP RATE: 3.77%
  • Price per Unit: $525,000
  • Market GRM: 14.23
  • Market CAP RATE: 4.77%

Contact info

Grant Goldman
Grant Goldman
(310) 598-1233(562) 706-0339
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Charlie Rasmussen
Charlie Rasmussen
(562) 241-0898(310) 404-9072
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