10 Beautiful Mid-Century Units in Brentwood | 11933 Gorham Ave
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10 Beautiful Mid-Century Units in Brentwood 11933 Gorham Ave
10 Unit Apartment Building $4,995,000 ($499,500/Unit) Los Angeles, CA 90049
Investment Highlights
- Premier Brentwood location
- Majority of units upgraded
- Separately metered for gas and electricity
- Significant rental upside
- $354,266 spent on apartment renovations / $47,091 spent on common area renovations
- 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 11933 Gorham Avenue in the heart of LA’s famed community of Brentwood. The mid-century gem boasts an ideal unit mix consisting of large 1 bedroom and 2 bedroom units. All of these units are spacious, have a terrific floor plan, and offer anabundance of natural light.
Current ownership has invested significant capital into the properties and 6 out of the 10 units have been remodeled. The great unit mix includes (1) 2-bed, 2-bath with a private rooftop patio unit, (1) 2-bed, 1 bath unit, and (8) 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 as well as an on-site laundry facility. There is also the opportunity to add ADUs (Buyer to verify).
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 properties and 6 out of the 10 units have been remodeled. The great unit mix includes (1) 2-bed, 2-bath with a private rooftop patio unit, (1) 2-bed, 1 bath unit, and (8) 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 as well as an on-site laundry facility. There is also the opportunity to add ADUs (Buyer to verify).
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 | $271,777 | $33.18 |
Other Income | $4,236 | $0.52 |
Vacancy Loss | $8,153 | $1.00 |
Effective Gross Income | $267,860 | $32.70 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $111,841 | $13.65 |
Net Operating Income | $156,019 | $19.05 |
Financial Summary (Pro forma - 2024)
Gross Rental Income | |
---|---|
Annual | $271,777 |
Annual Per SF | $33.18 |
Other Income | |
---|---|
Annual | $4,236 |
Annual Per SF | $0.52 |
Vacancy Loss | |
---|---|
Annual | $8,153 |
Annual Per SF | $1.00 |
Effective Gross Income | |
---|---|
Annual | $267,860 |
Annual Per SF | $32.70 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | $111,841 |
Annual Per SF | $13.65 |
Net Operating Income | |
---|---|
Annual | $156,019 |
Annual Per SF | $19.05 |
Property Facts
Price | $4,995,000 | Building Class | C |
Price Per Unit | $499,500 | Lot Size | 0.22 AC |
Sale Type | Investment | Building Size | 8,192 SF |
No. Units | 10 | Average Occupancy | 90% |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built | 1954 |
Apartment Style | Low Rise | Tenancy | Single |
Price | $4,995,000 |
Price Per Unit | $499,500 |
Sale Type | Investment |
No. Units | 10 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.22 AC |
Building Size | 8,192 SF |
Average Occupancy | 90% |
No. Stories | 2 |
Year Built | 1954 |
Tenancy | Single |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 8 | $2,272 | 650 |
2+1 | 1 | $2,803 | 900 |
2+2 | 1 | $3,557 | 1,000 |
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
Parcel Number | 4265-019-013 | Improvements Assessment | $1,392,699 |
Land Assessment | $3,249,639 | Total Assessment | $4,642,338 |
PROPERTY TAXES
Parcel Number
4265-019-013
Land Assessment
$3,249,639
Improvements Assessment
$1,392,699
Total Assessment
$4,642,338
zoning
Zoning Code | LAR3 |
LAR3 |
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10 Beautiful Mid-Century Units in Brentwood | 11933 Gorham Ave
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