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1309 Amherst Ave

Los Angeles, CA 90025
  • $15,650,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 22-117203
$15,650,000
  • 40
    BEDS
  • 0.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 26,155
    SQFT
  • $598
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:
Area:

School Ratings & Info

Description

1309 Amherst Avenue is a rare multifamily investment opportunity in the heart of LA's vibrant Westside. Consisting of 28 units surrounding a beautifully landscaped and serene courtyard setting, the building boasts an ideal unit mix consisting of mostly large 1 bedroom & 2 bedroom units. Each of these units is extremely spacious, has a terrific floor plan, and offer an abundance of natural light. Current ownership has invested significant capital into the property and 20 of the 28 units have been remodeled. The unit mix includes (12) 2-bed, 2-bath units, (15) 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 for 47 cars , copper plumbing, controlled access entry, an 11 camera video surveillance system, and an on-site laundry facility. All soft story seismic retrofitting has been completed by ownership. A quick walk to the high-end dining and nightlife on Wilshire 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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T23:42:32.263. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.desertarealuxuryhomes.com/homes/124597093
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1309 Amherst Ave Los Angeles, CA 90025

  • Price: $15,650,000
  • Status: Active
  • On Site: 10 Days
  • MLS #: 22-117203
40
Beds
0
Baths
0
½ Baths
0.5
Acres
26,155
SQFT
$598
$/SQFT
1972
Built
Neighborhood:
West L.A.
County:
Los Angeles
Area:
West L.A.
Property Description
1309 Amherst Avenue is a rare multifamily investment opportunity in the heart of LA's vibrant Westside. Consisting of 28 units surrounding a beautifully landscaped and serene courtyard setting, the building boasts an ideal unit mix consisting of mostly large 1 bedroom & 2 bedroom units. Each of these units is extremely spacious, has a terrific floor plan, and offer an abundance of natural light. Current ownership has invested significant capital into the property and 20 of the 28 units have been remodeled. The unit mix includes (12) 2-bed, 2-bath units, (15) 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 for 47 cars , copper plumbing, controlled access entry, an 11 camera video surveillance system, and an on-site laundry facility. All soft story seismic retrofitting has been completed by ownership. A quick walk to the high-end dining and nightlife on Wilshire 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.
Exterior Features

Lot Size Area 21784 Other Structures None Parking Garage Assigned Total Parking 47

Interior Features

Baths Total 40.00 Cooling Air ConditioningWindow Unit(S)Wall/Window Equipment Garbage DisposalMicrowave Fireplace Rooms Den Heating Other Laundry Community

Property Features

Assessed Total Value 11204402 Gross Income 740532 Gross Operating Income 724121 Like Units1 1 Like Units2 15 Like Units3 12 Net Operating Income 406513.00 Number Of Buildings 1 Number Of Units 28 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 317608 Type Of Units E1S2S Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Jonathan Taksa DRE#01366169 of Remax Commercial And Investment Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-20T23:42:32.263. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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