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1711 Granville Ave 14 Unit Apartment Building $4,100,000 ($292,857/Unit) Los Angeles, CA 90025
INVESTMENT HIGHLIGHTS
- The Offering presents a rare opportunity for investors to acquire three well-located West LA apartment buildings either together or separately.
- Submarket comprises several of L.A.’s premier office nodes, some of the nation’s most desirable residential real estate, and world-famous attractions.
- Fabulous West Los Angeles Dining and Retail Destinations.
EXECUTIVE SUMMARY
CBRE, as exclusive agent, is pleased to present an exceptional opportunity to acquire an apartment building strategically located in the highly desirable West Los Angeles submarket.
The buildings may be purchased separately or together or in any combination.
1711 Granville: 8 of 14 units and the exterior have been nicely renovated, with an estimated rental upside of 21.69% after renovating the six remaining units.
1755 Granville: 11 of 19 units have been renovated, offering a projected rental upside of 19.76% upon completion of eight remaining units and the building exterior.
1810 Stoner: 6 of 16 units have been renovated, offering a projected rental upside of 22.46% upon completion of ten remaining units and the building exterior.
A Total of 49 Units.
The buildings may be purchased separately or together or in any combination.
1711 Granville: 8 of 14 units and the exterior have been nicely renovated, with an estimated rental upside of 21.69% after renovating the six remaining units.
1755 Granville: 11 of 19 units have been renovated, offering a projected rental upside of 19.76% upon completion of eight remaining units and the building exterior.
1810 Stoner: 6 of 16 units have been renovated, offering a projected rental upside of 22.46% upon completion of ten remaining units and the building exterior.
A Total of 49 Units.
PROPERTY FACTS
| Price | $4,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $292,857 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.27 AC |
| No. Units | 14 | Building Size | 13,152 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1966 |
| Zoning | LARD1.5 | ||
| Price | $4,100,000 |
| Price Per Unit | $292,857 |
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 13,152 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Zoning | LARD1.5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 14 | - | - |
1 1
Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (82)
PROPERTY TAXES
| Parcel Number | 4262-015-029 | Improvements Assessment | $1,706,742 |
| Land Assessment | $2,389,439 | Total Assessment | $4,096,181 |
PROPERTY TAXES
Parcel Number
4262-015-029
Land Assessment
$2,389,439
Improvements Assessment
$1,706,742
Total Assessment
$4,096,181
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1711 Granville Ave
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