7 Units in the heart of Brentwood | 11942 Darlington Ave
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7 Units in the heart of Brentwood 11942 Darlington Ave
7 Unit Apartment Building $3,975,000 ($567,857/Unit) Los Angeles, CA 90049
Investment Highlights
- Premier Brentwood location
- All units luxuriously upgraded
- Soft story retrofit completed
- City approved plans for an approximate 429 SF ADU in 11942 Darlington that when built could increase gross income by over $30,000 annually (Buyer to v
- $433,522 spent on apartment renovations / $321,689 spent on common area renovations
- Walk to high end dining, retail and nighlife
Executive Summary
Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a generational multifamily investment opportunity at 11942 Darlington Avenue in the heart of LA’s famed community of Brentwood. The mid-century gem boasts an ideal unit mix consisting of mostly large 1 bedroom and 2 bedroom units. Each of these units is very spacious, has a terrific floor plan, and offers an abundance of natural light.
Current ownership has invested significant capital into the properties and every unit has been remodeled. The incredible unit mix includes (4) 2-bed, 1.75 bath units, (2) 1-bed, 1 bath units, and (1) efficiency unit. 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 on-site laundry facilities. Additionally, a large storage room has city approved plans for an approximate 429 square foot ADU that when built could increase gross income by over $30,000 annually (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 every unit has been remodeled. The incredible unit mix includes (4) 2-bed, 1.75 bath units, (2) 1-bed, 1 bath units, and (1) efficiency unit. 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 on-site laundry facilities. Additionally, a large storage room has city approved plans for an approximate 429 square foot ADU that when built could increase gross income by over $30,000 annually (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 |
$259,728
|
$40.10
|
| Other Income |
$1,488
|
$0.23
|
| Vacancy Loss |
$7,792
|
$1.20
|
| Effective Gross Income |
$253,424
|
$39.13
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$94,670
|
$14.62
|
| Net Operating Income |
$158,754
|
$24.51
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $259,728 |
| Annual Per SF | $40.10 |
| Other Income | |
|---|---|
| Annual | $1,488 |
| Annual Per SF | $0.23 |
| Vacancy Loss | |
|---|---|
| Annual | $7,792 |
| Annual Per SF | $1.20 |
| Effective Gross Income | |
|---|---|
| Annual | $253,424 |
| Annual Per SF | $39.13 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $94,670 |
| Annual Per SF | $14.62 |
| Net Operating Income | |
|---|---|
| Annual | $158,754 |
| Annual Per SF | $24.51 |
Property Facts
| Price | $3,975,000 | Building Class | C |
| Price Per Unit | $567,857 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 6,477 SF |
| No. Units | 7 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low Rise | Parking Ratio | 1.11/1,000 SF |
| Price | $3,975,000 |
| Price Per Unit | $567,857 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,477 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1.11/1,000 SF |
Unit Amenities
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Conference Rooms
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $2,322 | 450 |
| 1+1 | 2 | $2,884 | 750 |
| 2+2 | 4 | $3,524 | 950 |
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Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,626,528 | |
| Land Assessment | $4,552,206 | Total Assessment | $7,178,734 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,552,206
Improvements Assessment
$2,626,528
Total Assessment
$7,178,734
zoning
| Zoning Code | LAR3 (R3 LA) |
| LAR3 (R3 LA) |
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7 Units in the heart of Brentwood | 11942 Darlington Ave
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