1231 Bundy Dr
Los Angeles, CA 90025
Beau on Bundy · Multifamily Property For Sale
·
16 Units
Property Facts
| No. Units | 16 | Building Size | 13,907 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1970 |
| Building Class | C | Parking Ratio | 1.15/1,000 SF |
| Lot Size | 0.28 AC | ||
| Zoning | LAR3 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 13,907 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Balcony
- Stainless Steel Appliances
- Tub/Shower
- Walk-In Closets
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Trash Pickup - Curbside
- Smoke Detector
About 1231 BUNDY DR , LOS ANGELES, CA 90025
Pleased to present the opportunity to acquire 1231 S. Bundy Drive, a 16-unit asset located in prime West Los Angeles. The improvements have been well maintained but are perfectly suited for a comprehensive renovation that would allow investors the ability to achieve a 32% increase in cash flow. Built in 1970, 1231 S. Bundy is composed of one two-story building situated on a large 12,168-square foot parcel, the property features 16 residential units including nine one bedroom/one-bathroom units and seven two-bedroom/two-bathroom units. The property also features a lush central courtyard, laundry facilities and ample parking for tenants. The property is located in the desirable pocket of the “Westside,” one block from the highly affluent Brentwood neighborhood. This location represents one of the strongest rental submarkets in Southern California. Residents have ideal proximity to thousands of high-paying jobs, myriad entertainment venues, cultural destinations, and some of California’s best beaches. Given the property’s prime Westside location and significant value add component, 1231 Bundy is well suited to provide investors with healthy returns and long-term appreciation over the long term.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
Property Taxes
| Parcel Number | 4263-002-021 | Improvements Assessment | $3,360,000 |
| Land Assessment | $2,240,000 | Total Assessment | $5,600,000 |
Property Taxes
