Property Detail

Description

Rare opportunity to acquire a well maintained and managed 4unit building located in the highly coveted North Village section of Westwood. The traditional style apartment is located two blocks from the UCLA Campus, close to Westwood Village, Century City, Beverly Hills, Brentwood, Bel Air and Santa Monica. Strong Westwood location with built-in tenant source from UCLA with high rental demand. Stable rental market with low vacancy. Tremendous rental upside potential for long term appreciation. The asset, built in 1948, has many updates and upgrades including updated bathrooms, kitchens, heating, tankless water heaters, new garage roof and security cameras. The building is 6190 sq. ft. on a 8331 sq. ft. lot with [Q]R4-1VL Zoning. GRM 16.96 CAP 4.72%