1251-1253 Brockton Ave, Los Angeles, CA 90025
8 Unit Apartment Building | $4,350,000 ($543,750/Unit) | 5.07% Cap Rate | Los Angeles, CA 90025
For Sale
Active
14 pictures
Asking Price $4,350,000
- Property Type
-
Multifamily
- Square Feet
- 8,580 SF
Listing Contacts
Jonathan Taksa
Property Overview
1251 Brockton Avenue (legal address 1253 Brockton) consists of 8 beautiful units ideally located in the heart of LA’s vibrant Westside. The property was built in 1986, and as such, is NOT subject to the City of Los Angeles’ Rent Stabilization Ordinance (AB 1482 applies). The property consists of one building with two floors of residential units over one level of gated parking (exempt from seismic soft story retrofit). The ideal unit mix consists of six 2-bedroom, 2-bath units and two 1-bedroom, 1-bath units.
Interiors have been finished with beautiful wood flooring, modern cabinetry, and upgraded kitchens and bathrooms. The building offers its residents a secure intercom entry, balconies, a landscaped central area, an on-site laundry room (machines owned by the Seller), and ample gated parking (17 spaces for 8 units). Each unit has a fireplace, central HV/AC, large bedrooms, walk-in closets, 9 foot ceilings (lower floor units), and dynamite floor plans flooded with natural light. Upper units have incredibly high vaulted ceilings.
This property is only blocks from Brentwood, just one block south of Wilshire Boulevard. Within walking distance to some of the best high-end dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.
Interiors have been finished with beautiful wood flooring, modern cabinetry, and upgraded kitchens and bathrooms. The building offers its residents a secure intercom entry, balconies, a landscaped central area, an on-site laundry room (machines owned by the Seller), and ample gated parking (17 spaces for 8 units). Each unit has a fireplace, central HV/AC, large bedrooms, walk-in closets, 9 foot ceilings (lower floor units), and dynamite floor plans flooded with natural light. Upper units have incredibly high vaulted ceilings.
This property is only blocks from Brentwood, just one block south of Wilshire Boulevard. Within walking distance to some of the best high-end dining and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.
Property Details
- Class
- C
- Year Built
- 1986
- Stories
- 2
- Lot Size (sq. ft)
- 6,970 SF
- Units
- 8
Highlights
- Premier Westside location near Brentwood
- Rare 1980s vintage property NOT subject to LA City rent control (AB 1482 applies)
- Incredible unit mix of mostly large 2-bedroom units
- Ample gated parking (17 spaces for 8 units)
- Central HV/AC, fireplaces, balconies, and luxuriously upgraded interiors
- Walking distance to high-end dining and nightlife
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