9741 W. Pico Blvd

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Address: 9741 W. Pico Blvd, Los Angeles, California
Created date: November 27, 2023
Date last updated: November 27, 2023
  • Prime Beverlywood Location
  • Streamlined Unit Mix
  • Excellent Rental Upside Potential (Over 65%)
  • Under the Same Ownership for Over 50 Years
  • Rare Mid-Sized Asset in Low Velocity Market
  • Well Maintained Garden Courtyard Property
  • Dominant Access to Beverly Hills, Century City, & West Hollywood’s Corridors
  • Eleven (11) Uncovered Parking Spaces On-Site

Property Description

We are pleased to present the exclusive listing of a twenty (20) unit apartment building located at 9741-9751 West Pico Boulevard in West Los Angeles, California. The subject property is situated in a prime Beverlywood location and in close proximity to Century City. The property is located just down the street from Hilcrest Country Club and occupies the entire block of Pico boulevard frontage between Daniels Drive and Castello Avenue. just West of Beverwil Drive and just south of Roxbury Park. Constructed in 1953, the Subject Property has been well maintained by the same ownership for over five decades. The building features a streamlined unit mix surrounding garden courtyard consisting of twenty (20) 1 bed/1 bath units. Each unit features a dishwasher, microwave, stove, and refrigerator as well as the luxury of on-site laundry. The total size of the building is approximately 12,143 square feet and sits on a 13,124 square foot lot (Zoned C4.) The offering is in Beverlywood, which is a trendy neighborhood within the West Side of Los Angeles. The area is known for its diverse culinary scene, historic LA attractions, and upscale shopping options. Major attractions such as Westfield Century City Mall, South Beverly Drive, Rodeo Drive, Fox Studios, Roxbury Park, and Rancho Park are all in close proximity of the property. With a Walk Score of 88, most of the tenants’ errands can be handled within walking distance. Commuters will appreciate this property’s central location in West Los Angeles which provides easy access to major arterial thoroughfares like the 10 and 405 freeways. An experienced investor, looking to capitalize on an A+ location with excellent rental upside, will find plenty of opportunity at the West Pico Boulevard Apartments.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Multifamily type: Affordable
Price: $6,495,000
No. of Units: 20
Year Built: 1953
Opportunity Zone: No
Price per unit: $324,750
Address: 9741 W. Pico Blvd, Los Angeles, California
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