142 S Wetherly Dr | Los Angeles, CA 90048
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142 S Wetherly Dr
Los Angeles, CA 90048
36 Units Steps to the 4 Seasons Beverly Hills · Multifamily Property For Sale
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36 Units
Investment Highlights
- 36-unit value-add opportunity located north of Burton Way and east of Doheny Drive near Beverly Hills and West Hollywood
- By implementing an extensive interior renovation concept upon turnover a subsequent buyer can capture a ~$1,287(~35%) loss-to lease
- Kitty-corner to the Four Seasons Hotel, between Beverly Hills and West Hollywood. Renters have walkable access to entertainment and fine dining
- The property is being sold by the family of the original developer and has never been offered for sale since being built.
- The average unit size is ~827 square feet and each unit is provided with one parking space on a secured and covered lot
- Upon Sale the property will be delivered with (7) seven vacancies, allowing a subsequent buyer to begin capex work upon acquisition
Property Facts
| No. Units | 36 | Building Size | 35,577 SF |
| Property Type | Multifamily | Average Occupancy | 78% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1969 |
| Building Class | C | Parking Ratio | 1.08/1,000 SF |
| Lot Size | 0.41 AC | ||
| Zoning | LAR4 | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 35,577 SF |
| Average Occupancy | 78% |
| No. Stories | 4 |
| Year Built | 1969 |
| Parking Ratio | 1.08/1,000 SF |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Wi-Fi
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 30 | - | 400 - 800 |
| 2+2 | 5 | - | 1,000 |
| 2+3 | 1 | - | 1,200 |
Property Taxes
| Parcel Number | 4335-009-026 | Improvements Assessment | $2,544,367 |
| Land Assessment | $1,547,715 | Total Assessment | $4,092,082 |
Property Taxes
Parcel Number
4335-009-026
Land Assessment
$1,547,715
Improvements Assessment
$2,544,367
Total Assessment
$4,092,082
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