11089-11099 Strathmore Dr 8 Unit Apartment Building $3,300,000 ($412,500/Unit) 4.09% Cap Rate Los Angeles, CA 90024

11089 Strathmore Drive is a prime multifamily opportunity in an exceptional Westwood location near the University of California, Los Angeles. Situated at the corner of Veteran Avenue and Strathmore Drive, the property benefits from strong walkability and close proximity to campus and Westwood Village amenities, supporting consistent demand in one of West Los Angeles’ most desirable rental submarkets.
The property consists of eight units on a 6,913 square foot lot with approximately 7,130 rentable square feet. Six of the eight units are currently occupied by UCLA students, highlighting the asset’s strong student-housing orientation. The building also features carport parking with six standard spaces and five tandem spaces, a valuable amenity in this parking-constrained neighborhood.
In-place income is complemented by long-term upside potential driven by rent growth, ongoing area development, and significant planned transit improvements. The Metro D Line Extension is under construction and is expected to provide new subway service to the Westwood/UCLA area around 2027. Additionally, approved plans for the Sepulveda Transit Corridor include a proposed UCLA station, further enhancing long-term accessibility. Nearby development, including a newly constructed student housing project just one block away, reinforces sustained demand and positions 11089 Strathmore Drive as a compelling investment in a supply-constrained West Los Angeles market.