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9 units in a premier Brentwood location 12039 Goshen Ave

9 Unit Apartment Building $5,250,000 ($583,333/Unit) Los Angeles, CA 90049

Investment Highlights

  • Premier Brentwood location
  • $337,243 spent on apartment renovations / $114,045 spent on common area renovations
  • Soft story retrofit completed
  • Incredible unit mix (all large 1 and 2 bedroom floor plans)
  • Majority of units upgraded
  • Walk to high end dining on Wilshire Blvd. and San Vicente Blvd.

Executive Summary

Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a prestigious multifamily investment opportunity located at 12039 Goshen Avenue in the heart of LA’s famed community of Brentwood. A mid-century gem, the building boasts an ideal unit mix consisting of very large 1 bedroom and 2 bedroom units. Each of these units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light. 
 
Current ownership has invested significant capital into the property and many of the units have been luxuriously remodeled. The incredible unit mix includes (4) 2-bed, 1.75-bath units and (5) 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 seismic retrofit has been completed by Seller), a beautiful shared courtyard, controlled access 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 $288,004 $32.62
Other Income $2,880 $0.33
Vacancy Loss $8,640 $0.98
Effective Gross Income $282,244 $31.97
Taxes - -
Operating Expenses - -
Total Expenses $112,329 $12.72
Net Operating Income $169,915 $19.25

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual $288,004
Annual Per SF $32.62
Other Income
Annual $2,880
Annual Per SF $0.33
Vacancy Loss
Annual $8,640
Annual Per SF $0.98
Effective Gross Income
Annual $282,244
Annual Per SF $31.97
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $112,329
Annual Per SF $12.72
Net Operating Income
Annual $169,915
Annual Per SF $19.25

Property Facts

Price $5,250,000
Price Per Unit $583,333
Sale Type Investment
No. Units 9
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.19 AC
Building Size 8,829 SF
Average Occupancy 100%
No. Stories 2
Year Built 1967

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Disposal
  • Microwave
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 4 $3,053 1,200
1+1 5 $2,451 750
Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4265-012-042
Land Assessment
$3,328,148
Improvements Assessment
$1,792,078
Total Assessment
$5,120,226

zoning

Zoning Code LAR3
LAR3
  • Listing ID: 34083534

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 12039 Goshen Ave, Los Angeles, CA 90049

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