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1421 Greenfield Ave

5 Unit Apartment Building $4,640,000 ($928,000/Unit) 3.75% Cap Rate Los Angeles, CA 90025

Investment Highlights

  • High demand rental area
  • Units 2 and 3 have recently renovated
  • Sold "As Is" Condition
  • Designed by world renowned William Heffner, features 18 foot ceilings, in-unit washer/dryer
  • The property is NOT under the City of Los Angeles Rent Stabilization Ordinance (RSO)

Executive Summary

The property located in a heart of West Los Angeles surrounded by many shops, restaurants and entertainment establishments, and beaches. Stable occupancy and income stream.

Attachments

OM

Property Facts

Price $4,640,000
Price Per Unit $928,000
Sale Type Investment
Cap Rate 3.75%
No. Units 5
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 8,453 SF
Average Occupancy 97%
No. Stories 3
Year Built 1987
Parking Ratio 1.3/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2.5 5 $4,363 1,500
Walk Score ®
Very Walkable (87)
Transit Score ®
Excellent Transit (70)
Bike Score ®
Very Bikeable (79)
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
4324-014-052
Land Assessment
$4,080,000
Improvements Assessment
$1,428,000
Total Assessment
$5,508,000

zoning

Zoning Code LAR3
LAR3
  • Listing ID: 33789968

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 1421 Greenfield Ave, Los Angeles, CA 90025

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