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5227 Knowlton St
Los Angeles, CA 90045
Knowlton Manor · Multifamily Property For Sale
·
50 Units
PROPERTY FACTS
| No. Units | 50 | Building Size | 70,938 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1950 |
| Building Class | C | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 1.80 AC | ||
| Zoning | LAR3 | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.80 AC |
| Building Size | 70,938 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 1.29/1,000 SF |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Public Transportation
- Walk-Up
- Smoke Detector
ABOUT 5227 KNOWLTON ST , LOS ANGELES, CA 90045
PROPERTY OVERVIEW IRC and Associates is pleased to present Ladera Tower, a unique Transit Oriented Community (TOC) development opportunity. Offering consist of 173 condos/apartments ranging from 602 sf-1,900 sf accumulating to 302,209 sf and situated on 85,981 sf parcel with R3-1 zoning. Tier-2 TOC approval within 6 months. Currently operating as 50 apartments with 50 separate garages stretching the entire block between La Cienega and La Tijera, two of the most traveled thruways in the region. Property retains 100% occupancy. Offering provides excellent access to all areas of the Los Angeles region including shopping, entertainment and education as it sits between the 405 Freeway and I-10. Also, will soon be neighbors to the new Interchange at La Cienega shopping center consisting of 117,838 sf of retail and restaurant space with desirable anchor tenants. This exclusive offering is optimal for Developers and Investors. You will not find a comparable package on the market in the Los Angeles region. LOCATION OVERVIEW Offering is strategically located on the entire Knowlton St. block between La Cienega and La Tijera, 0.6 miles north of the 405 freeway and 4 miles south of I-10 in Los Angeles / Ladera Heights. This highly desirable location sits within 6 miles of Marina del Ray, 12 miles from Los Angeles International Airport (LAX), 3.9 miles from new NFL Los Angeles Rams stadium, 2 miles from Fox Hills Mall, 12 miles from USC, 3.7 miles from Loyola Marymount University, 6.2 miles from SpaceX Headquarters,12 miles from Santa Monica and only 8.6 miles from Beverly Hills. Retail tenants in the immediate area include: New shopping center “The Interchange at La Cienega” consisting of 117,838 sf and includes: Marshalls, Smart & Final, Chick-fil-a, KFC and more anchor tenants. Property is also in close proximity to 24 Hour Fitness, Safeway, TGI Friday’s and the famous Pann’s Diner. Offering is located in a highly desirable area of South West Los Angeles with population over 826,000 within 5 miles. Direct area is currently undergoing mass gentrification.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 40 | - | 670 |
| 2+1 | 10 | - | 760 - 860 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $859,967 | |
| Land Assessment | $415,451 | Total Assessment | $1,275,418 |
PROPERTY TAXES
