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1810 Stoner Ave 16 Unit Apartment Building $4,900,000 ($306,250/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 three apartment buildings strategically located in the highly desirable West Los Angeles submarket. Comprising a total of 49 units, the buildings are located at 1810 Stoner Avenue (16 units), 1711 Granville Avenue (14 units), and 1755 Granville Avenue (19 units). This portfolio offers a compelling value-add investment in a robust rental market.
The buildings may be purchased separately or together or in any combination.
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.
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.
The staggered renovation statuses provide revenue enhancement potential through continued unit upgrades and market-rate rent increase adjustments.
The buildings may be purchased separately or together or in any combination.
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.
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.
The staggered renovation statuses provide revenue enhancement potential through continued unit upgrades and market-rate rent increase adjustments.
Property Facts
| Price | $4,900,000 | Building Class | C |
| Price Per Unit | $306,250 | Lot Size | 0.30 AC |
| Sale Type | Investment | Building Size | 16,078 SF |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1966 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 | ||
| Price | $4,900,000 |
| Price Per Unit | $306,250 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 16,078 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 4262-022-027 | Improvements Assessment | $2,599,595 |
| Land Assessment | $3,909,783 | Total Assessment | $6,509,378 |
Property Taxes
Parcel Number
4262-022-027
Land Assessment
$3,909,783
Improvements Assessment
$2,599,595
Total Assessment
$6,509,378
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1810 Stoner Ave
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