1316-1322 Centinela Ave, Los Angeles, CA 90025
20 Unit Apartment Building | $7,250,000 ($362,500/Unit) | 4.22% Cap Rate | Los Angeles, CA 90025
For Sale
Active
6 pictures
Asking Price $7,250,000
- Property Type
-
Multifamily
- Square Feet
- 17,718 SF
Listing Contacts
Robin Ossenbeck
Harvey Beesen
Property Overview
First time on the market since owner built the properties in 1962. These pride of ownership Mid-Century architecture two story structures are well maintained. The owner recently completed the seismic retrofitting. Located on Centinela Avenue between Santa Monica and Wilshire Boulevards just west of Bundy Drive these properties are close to the 405 and 10 freeways as well as major hospitals. Many surrounding buildings have been converted to condos in the 1980s providing residents with desirable ownership interest in the community. Each building has 1(single), 1(one bedroom one bath), 6(two bedroom 2bath), and 2(three bedroom 2 bath units. Six (6)of the units in each building has floor to ceiling brick gas fireplaces and parking for 9 spaces in the garages and some tuck under at the front of each building. Some units have private patios and or balconies with a central courtyard and beautiful flower beds behind two fantastic King palm trees that welcome you to the gated communities.
Property Details
- Class
- B
- Year Built
- 1962
- Stories
- 2
- Lot Size (sq. ft)
- 17,424 SF
- Units
- 20
Highlights
- Mid-century architecture, excellent West LA Location, well maintained long term pride of ownership asset.
- high demand rental market with historically low vacancy. Portfolio sale or buy separately with each parcel.
- Gas burning fireplaces in 12 of the 20 units. Many units have private patios and or balconies.
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