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Ovada Garden Terrace 11378-11382 Ovada Pl 4 Unit Apartment Building $3,199,998 ($800,000/Unit) 3.58% Cap Rate Los Angeles, CA 90049
Investment Highlights
- Irreplaceable Brentwood location!
- Lot is 13,080 SF LARd1.5 with potential for additional units or ADU conversions under SB9.
- Convenient access to San Vicente Boulevard, I-405, and major employment hubs.
- 4 Value Add Units - (2) Units Delivered Vacant Including the 3 br + 3 ba unit and 1 br + 1 ba unit!
- Detached garages support flexible reconfiguration or accessory unit additions.
- Close to premier dining, shopping corridors, and highly rated schools.
Executive Summary
Rare opportunity in an irreplaceable Brentwood location! This 4-unit property is situated on a large 13,080 sq ft LARD1.5 lot, offering strong current income and exceptional development potential. Two units will be delivered vacant, including a spacious 3 bed + 3 bath unit perfect for an owner-user, and a 1 bed + 1 bath unit ready for market rent. The other two units (1)(2 bed + 2 bath) (1) 2 br + 1 ba are tenant-occupied at $2,950.07 and $2,530.71/month. Multiple detached garage structures offer excellent potential for ADU conversion under SB9, with room to add additional units and increase revenue. This is a true value-add opportunity for investors or developers looking to remodel existing units and build additional dwellings on a rare oversized Brentwood lot.Centrally located near San Vicente Blvd, top-rated schools, shopping, dining, and world-class amenities. Do not miss this chance to own a premier multifamily asset in one of LA's most sought-after neighborhoods.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
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-
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| Other Income |
-
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-
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| Vacancy Loss |
-
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-
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| Effective Gross Income |
-
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-
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $3,199,998 | Apartment Style | Low-Rise |
| Price Per Unit | $800,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 3.58% | Building Size | 4,690 SF |
| Gross Rent Multiplier | 17.86 | Average Occupancy | 97% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1948 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Zoning | RD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $3,199,998 |
| Price Per Unit | $800,000 |
| Sale Type | Investment |
| Cap Rate | 3.58% |
| Gross Rent Multiplier | 17.86 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,690 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1/1,000 SF |
| Zoning | RD1.5 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Sprinkler System
- Tub/Shower
- Garden
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 1 | $6,750 | - |
| 2+1 | 2 | $2,531 | - |
| 1+1 | 1 | $2,701 | - |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 4368-016-011 | Improvements Assessment | $643,876 (2025) |
| Land Assessment | $1,462,893 (2025) | Total Assessment | $2,106,769 (2025) |
Property Taxes
Parcel Number
4368-016-011
Land Assessment
$1,462,893 (2025)
Improvements Assessment
$643,876 (2025)
Total Assessment
$2,106,769 (2025)
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