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$ 5,000,000
Est. payment | /mo
24 Beds
20 Baths
13,448 SqFt
$ 5,000,000
Est. payment | /mo
24 Beds
20 Baths
13,448 SqFt
Key Details
Sold Price $5,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,448 sqft
Price per Sqft $371
MLS Listing ID 25484851
Bedrooms 24
Year Built 1964
Lot Size 0.326 Acres
Property Description
The Pelham Ave. Residences are 12 multi-family units in two side by side properties located in a prime West LA location. Both properties are being sold together and have been combined as a single property with one APN #. The total size of both properties is approximately 13,448 SF and the total lot size is approximately 14,191 SF. The building on the corner of Pelham Ave and Missouri Ave is 7 units and the neighboring building is 5 units. Both properties are two stories and have tandem tuck under parking. There is a total of 12 parking spots and the mandatory seismic work for the parking structure has been completed on both properties. The Pelham Ave residences have an excellent unit consisting of (3) 3 BR (6) 2 BR and (3) 1 BR units. The rent roll reflects what the rents will be this February after yearly rent increases have been implemented. Every unit has at least one wall mounted or central AC unit. A few of the 3 BR units have central air and all the units have ceiling fans. The currents rents are below market, creating a quintessential value-add opportunity. The Pelham Ave Residences are an incredible opportunity to purchase a trophy multi-family asset on a large corner lot in a prime West LA location.
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Laundry Outside
Exterior
Parking Features Covered, Garage, Tandem
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
Listed by David Miller • Miller & Desatnik Realty Co.
Bought with Arian Zerehi • Commercial Brokers Int'l. Inc.
Bought with Arian Zerehi • Commercial Brokers Int'l. Inc.