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11565 Iowa Ave 3 Unit Apartment Building $1,850,000 ($616,667/Unit) 5.41% Cap Rate Los Angeles, CA 90025
INVESTMENT HIGHLIGHTS
- Close to UCLA, VA Medical, and Cedars
- Fully Remodeled with Modern Finishes and Laundry in units
- Santa Monica, Brentwood, Westwood, Century City adjacent
- Desirable Area
EXECUTIVE SUMMARY
Turn-Key, Fully Remodeled Three-Unit Investment in Prime West LA Location
Exceptional opportunity to own an income-producing property in the highly sought-after Sawtelle neighborhood, adjacent to Brentwood, Westwood, Santa Monica, and Century City. Ideally located near UCLA, the VA Medical Center, and Cedars-Sinai, this property offers stable cash flow and strong long-term growth potential.
This property consists of a main house with a separate structure, which is 2 additional units. All units have been fully remodeled with modern, high-quality finishes including laminate flooring, quartz countertops, recessed lighting, dual-pane windows, top-of-the-line appliances, and in-unit washer/dryers. The property features two units with two bedrooms and one bathroom each, along with a third unit offering two bedrooms and two bathrooms. The detached unit also includes a welcoming front porch, enhancing tenant appeal.
This rare West LA property seamlessly combines contemporary upgrades with timeless charm, delivering strong tenant demand and consistent rental income in one of Los Angeles’ most desirable rental markets.
Exceptional opportunity to own an income-producing property in the highly sought-after Sawtelle neighborhood, adjacent to Brentwood, Westwood, Santa Monica, and Century City. Ideally located near UCLA, the VA Medical Center, and Cedars-Sinai, this property offers stable cash flow and strong long-term growth potential.
This property consists of a main house with a separate structure, which is 2 additional units. All units have been fully remodeled with modern, high-quality finishes including laminate flooring, quartz countertops, recessed lighting, dual-pane windows, top-of-the-line appliances, and in-unit washer/dryers. The property features two units with two bedrooms and one bathroom each, along with a third unit offering two bedrooms and two bathrooms. The detached unit also includes a welcoming front porch, enhancing tenant appeal.
This rare West LA property seamlessly combines contemporary upgrades with timeless charm, delivering strong tenant demand and consistent rental income in one of Los Angeles’ most desirable rental markets.
PROPERTY FACTS
| Price | $1,850,000 | Property Subtype | Apartment |
| Price Per Unit | $616,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 5.41% | Building Size | 2,182 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1928/2022 |
| Zoning | R3-1 - Multiple Residential | ||
| Price | $1,850,000 |
| Price Per Unit | $616,667 |
| Sale Type | Investment |
| Cap Rate | 5.41% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,182 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1928/2022 |
| Zoning | R3-1 - Multiple Residential |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Stainless Steel Appliances
- Double Pane Windows
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | - | 672 |
| 2+2 | 2 | - | 674 - 836 |
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (82)
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11565 Iowa Ave
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