Listed by Marcus & Millichap - Los Angeles
$17,500,000
The Park West Apartments
Details
APN 4327-004-012
Property Type Multifamily
Sub Type Apartment Building
Square Footage 41,859
Units 71
Cap Rate 5.27%
NOI $922,319
Occupancy 92.96%
Tenancy Multi
Pro-Forma Cap Rate 5.84%
Pro-Forma NOI $1,022,460
Price per SqFt $418
Class A
Year Built 1953
Buildings 4
Lot Size (SqFt) 29,021
Parking Spaces 63 spaces
Parking per 1,000 SqFt 1.51
71 Units- A+ Westwood Location
Marketing description
1441 S. Beverly Glen Blvd. presents the opportunity to acquire a well-located 71-unit multifamily asset in the highly desirable West Los Angeles market. Built in 1953, the property consists of 63 studio units and 8 one-bedroom/one-bathroom units, encompassing approximately 41,859 square feet on a 29,021 square foot lot. Ideally situated with convenient access to UCLA, Century City, Beverly Hills, and the Westside's premier employment, retail, and dining destinations, the property offers investors a rare opportunity to own a sizeable apartment community in one of Los Angeles' most sought-after rental markets.
Investment highlights
- 71-unit multifamily community in the highly desirable Westwood submarket of Los Angeles.
- Unit mix includes 63 studios and 8 one-bedroom/one-bathroom apartments, catering to a broad tenant base.
- Approximately 41,859 square feet of rentable building area situated on a 29,021 square foot lot.
- Prime West Los Angeles location with convenient access to UCLA, Century City, Beverly Hills, Brentwood, and major employment centers.
Listing Contacts
Listed by Marcus & Millichap - Los Angeles
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$922,319.00
$76,859.92/mo
Valuation Metrics
0
DSCR
5.27%
Cap Rate
5.27%
ROI
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