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1942 Pelham Ave
Los Angeles, CA 90025
Pelham Manor · Multifamily Property For Sale
·
16 Units
Investment Highlights
- THE OPPORTUNITY: 16 Unit value-add opportunity by Century City between Santa Monica Boulevard and Olympic Boulevard just east of Westwood Boulevard.
- VALUE-ADD OPPORTUNITY: Current rents approximately 25% below market.
- COMMUNITY AMENITIES: 1942 Pelham features onsite parking for each unit, a community courtyard pool, and on-site shared laundry facilities.
- PREMIER LOCATION: Located adjacent to Century City and in proximity to submarkets such as Beverly Hills, Westwood, Rancho Park, Brentwood, and West LA
- DESIRABLE UNIT MIX: Two (2) studio units, six(6)one bedroom/one-bathroom units, and eight(8) two bedroom/one-and-a half bathrooms.
Property Facts
| No. Units | 16 | Lot Size | 0.31 AC |
| Property Type | Multifamily | Building Size | 13,719 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1959 |
| Zoning | LAR3 - Medium to High-Density Multi-Family Residential | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 13,719 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Zoning | LAR3 - Medium to High-Density Multi-Family Residential |
Amenities
Site Amenities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | 500 |
| 1+1 | 6 | - | 700 |
| 2+1 | 8 | - | 900 |
Property Taxes
| Parcel Number | 4321-008-030 | Improvements Assessment | $2,503,221 |
| Land Assessment | $3,982,401 | Total Assessment | $6,485,622 |
Property Taxes
Parcel Number
4321-008-030
Land Assessment
$3,982,401
Improvements Assessment
$2,503,221
Total Assessment
$6,485,622
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