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1231 Bundy Dr
Los Angeles, CA 90025
Beau on Bundy · Multifamily Property For Sale
·
16 Units
Investment Highlights
- Turnkey asset with upside. Prime West LA. 5% Cap Rate. $300,000 Price Reduction.
- Almost all mechanical systems and deferred maintenance needs have been addressed. Investors can focus on remaining unrenovated units.
- Proven interior renovation scope to emulate and capture 15%+ in remaining rental income upside.
- West LA is a Superb Submarket - 75% of the population are renters, 74% college educated, and 62% earn more than $75K.
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
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 675 |
| 2+1 | 1 | - | 909 |
| 2+2 | 7 | - | 940 - 956 |
Property Taxes
| Parcel Number | 4263-002-021 | Improvements Assessment | $3,360,000 |
| Land Assessment | $2,240,000 | Total Assessment | $5,600,000 |
Property Taxes
Parcel Number
4263-002-021
Land Assessment
$2,240,000
Improvements Assessment
$3,360,000
Total Assessment
$5,600,000
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