Marcus & Millichap is pleased to present a sixteen-unit apartment building located at 4820 W Slauson Avenue in Ladera Heights, an unincorporated part of Los Angeles. Built in 1948 and spanning across 6,620 square feet, these units boast a desirable mix of two large one-bedroom/ one-bathroom units and fourteen spacious studios, each illuminated with tons of natural light. Additionally, there are fourteen reserved parking spaces, on-site laundry, on-site management & maintenance, and spacious closets and storage. Many of these units have beautiful hardwood floors, updated kitchens with granite countertops and stainless-steel appliances, new bathrooms with tiled floors, and dual entrances with cozy nooks.
East of Fox Hills and South of Culver City, this centrally located property is near a major bus route for easy transportation within the city, and just a short drive from Marina Del Rey, Venice Beach, West LA College, LAX, and the new Los Angeles Rams Stadium which is scheduled to be completed in the upcoming year. Within a few miles is the Westfield Culver City mall next to Trader Joe’s and Sprouts Farmers Market—making shopping trips very convenient—as well as the Howard Hughes Center, which offers many popular dining spots, sports bars, and a Cinemark Theater.
For those who enjoy staying active and spending time outdoors, there is a 24-Hour Fitness down the street, and—practically in the backyard—the beautiful Ladera Park, a 16-acre wooded sports park with tennis and basketball courts, picnic areas, and a recreation center creating a premium outdoor amenity for the residents. This property is nestled among many single-family homes in a peaceful residential area, a few blocks away from a handful of new restaurants including; Simply Salad, Mr. Fish & Mex Grill, Sachi Teriyaki House, Hilltop Coffee + Kitchen, Puerto Nuevo Coffee, and The Snowball Shop. Due to the strong existing cash flow, rental upside and proximity to not only local outdoor amenities but also some of the largest employment drivers of Los Angeles make this one of the most sought-after rental pockets for investors and tenants alike.
