1811 Parnell Ave
Property Description
11 Units in West Los Angeles, on a quiet residential pocket referred to as the "Sawtelle" or "West LA" neighborhood . Unit Mix of Five Studios and Six One Bedrooms. Strong rental demand area. Property has been in the same family for decades. Residential apartment neighborhood conveniently positioned between major Westside commercial districts. Easy access to restaurants, shopping & services. Close proximity to UCLA/Westwood and short drive to the beach and Century City. Located near Sawtelle/Japantown, one of the area's biggest attractions, with restaurants, cafes, and specialty shops. Santa Monica Boulevard is nearby, providing a large concentration of restaurants, coffee shops, grocery stores and services. Near distinctive dining corridors: Sawtelle Blvd (Japantown /"Little Osaka"), the Westwood Blvd corridor, and Pico Blvd(toward Rancho Park/Cheviot Hills) 405 Freeway is readily accessible, convenient for commuting toward Santa Monica, Brentwood, Century City, Westwood,UCLA and the greater Westside-10 (Santa Monica Freeway) is about 2 miles south, reachable via Overland or Sepulveda. Walk Score of 79, Transit Score of 65 and Bike Score of 71. Please see OM in documents for more details. Drive by only do not disturb tenants.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $2,650,000 |
| No. of Units: | 11 |
| Cap Rate: | 6.0% |
| GRM /GIM: | 10.3 |
| Year Built: | 1971 |
| Building Size: | 6,596 Sq ft |
| Lot Size: | 0.15 Acres |
| APN: | 4321003033 |
| Buy Side Fee: | 1% |
| Opportunity Zone: | No |
| Price per unit: | $240,909 |
| Parking Spaces: | 11 |
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