10 Large Units in PRIME Brentwood | 11927 Gorham Ave
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10 Large Units in PRIME Brentwood 11927 Gorham Ave
10 Unit Apartment Building $6,600,000 ($660,000/Unit) Los Angeles, CA 90049
Investment Highlights
- Premier Brentwood location
- $536,166 spent on apartment renovations / $227,389 spent on common area renovations
- Separately metered for electricity
- Incredible unit mix
- Soft story retrofit completed
- Walk to high end dining, retail and nightlife on San Vicente Blvd.
Executive Summary
Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a generational multifamily investment opportunity at 11927 Gorham Avenue in the heart of LA’s famed community of Brentwood. A mid-century gem, the building boasts an ideal unit mix consisting of large 1 bedroom and 2 bedroom units. There is also an extra spacious 3 bedroom unit with a den and incredible large patio. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light.
Current ownership has invested significant capital into the property and 6 of the 10 units have been remodeled. The incredible unit mix includes (1) 3-bed, 3-bath with a den unit, (6) 2-bed, 2 bath units, and (3) 1-bed, 1 bath units. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking (soft story retrofit has been completed) as well as an on-site laundry facility.
A quick walk to the high-end dining on San Vicente Blvd., 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.
Current ownership has invested significant capital into the property and 6 of the 10 units have been remodeled. The incredible unit mix includes (1) 3-bed, 3-bath with a den unit, (6) 2-bed, 2 bath units, and (3) 1-bed, 1 bath units. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking (soft story retrofit has been completed) as well as an on-site laundry facility.
A quick walk to the high-end dining on San Vicente Blvd., 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.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $348,337 | $27.63 |
Other Income | $2,808 | $0.22 |
Vacancy Loss | $10,450 | $0.83 |
Effective Gross Income | $340,695 | $27.02 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $140,098 | $11.11 |
Net Operating Income | $200,597 | $15.91 |
Financial Summary (Pro forma - 2024)
Gross Rental Income | |
---|---|
Annual | $348,337 |
Annual Per SF | $27.63 |
Other Income | |
---|---|
Annual | $2,808 |
Annual Per SF | $0.22 |
Vacancy Loss | |
---|---|
Annual | $10,450 |
Annual Per SF | $0.83 |
Effective Gross Income | |
---|---|
Annual | $340,695 |
Annual Per SF | $27.02 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $140,098 |
Annual Per SF | $11.11 |
Net Operating Income | |
---|---|
Annual | $200,597 |
Annual Per SF | $15.91 |
Property Facts
Price | $6,600,000 | Building Class | C |
Price Per Unit | $660,000 | Lot Size | 0.21 AC |
Sale Type | Investment | Building Size | 12,607 SF |
No. Units | 10 | Average Occupancy | 90% |
Property Type | Multifamily | No. Stories | 3 |
Property Subtype | Apartment | Year Built | 1966 |
Apartment Style | Low Rise | Tenancy | Single |
Price | $6,600,000 |
Price Per Unit | $660,000 |
Sale Type | Investment |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.21 AC |
Building Size | 12,607 SF |
Average Occupancy | 90% |
No. Stories | 3 |
Year Built | 1966 |
Tenancy | Single |
Unit Amenities
- Air Conditioning
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 3 | $2,532 | 750 |
2+2 | 6 | $2,741 | 1,200 |
3+3 | 1 | $2,449 | 1,700 |
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Walk Score®
Very Walkable (89)
PROPERTY TAXES
Parcel Number | 4265-019-177 | Improvements Assessment | $2,089,052 |
Land Assessment | $4,874,458 | Total Assessment | $6,963,510 |
PROPERTY TAXES
Parcel Number
4265-019-177
Land Assessment
$4,874,458
Improvements Assessment
$2,089,052
Total Assessment
$6,963,510
zoning
Zoning Code | LAR3 (restricted Density Multiple Dwelling) |
LAR3 (restricted Density Multiple Dwelling) |
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10 Large Units in PRIME Brentwood | 11927 Gorham Ave
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