11408 Ohio Avenue, Los Angeles, CA 90025
-
Listed Price :
$1,595,000
-
Beds :
3
-
Baths :
7
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Property Size :
2,536 sqft
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Year Built :
1940
Property Description
We are pleased to present a 5-unit (4 units + Single Family Home) property located in West LA for only $1,595,000 with 3 of 5 units NOT subject to rent control and 2 units delivered VACANT! This opportunity is located one block north of Santa Monica Blvd, just west of the 405, and in very close proximity to Sawtelle Blvd, one of the trendiest corridors in Los Angeles with numerous iconic Sawtelle Japantown restaurants including Mizu 212, Sushi Tsujita, Wine Kitchen House, Hermanito, Donting Noodle, and Tempura House. The building currently operates at a 5.57% CAP on current rents (assuming market rents for the vacant units), with rental upside potential to a 6.25% CAP on pro-forma rents. The property consists of two separate structures, with a two-story four unit in the front and a single-story house in the rear, built in 1940, along with 7 onsite gated parking spaces. The unit mix consists of 4 studios (2 extra-large) and 1 two-bedroom two bath unit (situated in the rear freestanding house). 3 out of 5 units are NON-RENT CONTROL, as they are subject to a luxury exemption, which includes the two-bedroom two bath unit. This offering is well positioned for a local operator looking to increase their holdings and continue driving returns within a highly coveted and proven submarket.
Interior Features
| Bedroom Information |
| Bedrooms |
3 |
| Bathroom Information |
| Bathrooms |
7 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
11408 Ohio Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90025 |
| County |
Los Angeles |
| Listing Agent |
Casey Lins DRE #01902650 |
| Courtesy Of |
Kidder Mathews of California, Inc. |
| List Price |
$1,595,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
2,536 |
| Lot Size |
6,985 |
| Year Built |
1940 |
Listing information courtesy of: Casey Lins, Kidder Mathews of California, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 16th, 2024 at 12:10 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
