9 units in a premier Brentwood location | 12039 Goshen Ave
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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.
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 | Building Class | C |
Price Per Unit | $583,333 | Lot Size | 0.19 AC |
Sale Type | Investment | Building Size | 8,829 SF |
No. Units | 9 | Average Occupancy | 100% |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built | 1967 |
Apartment Style | Low Rise |
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 |
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Walk Score ®
Very Walkable (89)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
Parcel Number | 4265-012-042 | Improvements Assessment | $1,792,078 |
Land Assessment | $3,328,148 | Total Assessment | $5,120,226 |
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 |
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9 units in a premier Brentwood location | 12039 Goshen Ave
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