10357 Ashton Avenue

Los Angeles, CA 90024

$4,495,000
Price
11
Beds
11
Baths
7,274 Sq. Ft.
$618 / Sq. Ft.
7,274
Sq. Ft.
$618
per Sq. Ft.

Description

We are pleased to introduce 10357 and 10361 Ashton Ave, a compelling nine-unit investment opportunity situated in the prestigious Westwood submarket of West Los Angeles. This property is comprised of two adjoining parcels that share a central courtyard. The eastern building, 10357-10359.5 Ashton, boasts 3,320 sqft of living space and comprises four units, including two one-bedroom, one-bathroom units and two spacious two-bedroom, two-bathroom units. Built-in 1953 with a sturdy wood frame and stucco...We are pleased to introduce 10357 and 10361 Ashton Ave, a compelling nine-unit investment opportunity situated in the prestigious Westwood submarket of West Los Angeles. This property is comprised of two adjoining parcels that share a central courtyard. The eastern building, 10357-10359.5 Ashton, boasts 3,320 sqft of living space and comprises four units, including two one-bedroom, one-bathroom units and two spacious two-bedroom, two-bathroom units. Built-in 1953 with a sturdy wood frame and stucco construction, the property also features an additional non-conforming studio unit, approximately 400-500 sqft, situated above the two two-car garages at the rear of the property. Notably, this space has the potential for conversion into an Accessory Dwelling Unit (ADU), offering immediate potential for renovation and rental income enhancement. The western building, 10361-10365.5 Ashton, is a timeless structure with 3,954 sqft of living space. Built-in 1937 with a wooden frame and stucco construction, it offers five generously sized one-bedroom, one-bathroom units, each exuding its unique charm. There are two two-car garages and one one-car garage in the rear alley of the property. This exceptional property is conveniently located just one block south of Wilshire Blvd and to the east of South Beverly Glen Boulevard, making it an ideal choice for those seeking proximity to Beverly Hills, Century City, and the West Side. The prime location ensures a strong demand for rental units, making it a promising investment opportunity. Both buildings rest on approximately 4,250 sqft lots zoned LARD1.5, 8,501 sqft of total land.
  1. Listed by Benjamin Lewin • DRE #02040686 • Brokerage DRE #01240999 • Marcus & Millichap
  2. Listed by Jeffrey Louks • DRE #00908473 • Brokerage DRE #01240999 • Marcus & Millichap

Property Details for 10357 Ashton Avenue

Zoning
LARD1.5
Parcel Number
4327013018
Total Units
9.0
Living Area
7274
Source Living Area
Assessor
Area
Westwood - Century City (C05)
Vacancy Rate
0
Lot Size Area
8501

Location

Listing Courtesy of Marcus & Millichap, Benjamin Lewin, DRE #02040686; Marcus & Millichap, Jeffrey Louks, DRE #00908473
Add your commute
LISTING UPDATED: 01/18/2024 01:45 PM

Property Details for 10357 Ashton Avenue

StatusActive
MLS #23-333615
Days on Market163
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.20 AC / 8,501 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Benjamin Lewin, DRE #02040686; Marcus & Millichap, Jeffrey Louks, DRE #00908473
Add your commute

Building Information for 10357 Ashton Avenue

Stories2Residences-Year Built1953Building Size-Lot Size0.20 AC / 8,501 SF

Payment Calculator

$25,811 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,531

Property Taxes

$1,280

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 10357 Ashton Avenue

Community / Development
Community / Development
  • Number Of Units: 9
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 4
  • Type Of Units: 9
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $253,251
  • Net Operating Income: $152,609.00
  • Gross Income: $261,084
  • Cap Rate: 3.40%
  • Gross Rent Multiplier: $17.22
  • Financial Info as Of: 02/01/2024
  • Vacancy Allow Dollar: $7,833.00
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 100642
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 8501
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 9
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-20-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,696.00
  • Unit Actual Rent: $5,392.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,327.00
  • Unit Actual Rent: $16,290.00
  • Unit Projected Rent: $19,600.00
  • Like Units: 7
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 10357 Ashton Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10357 Ashton Avenue

Taxable ValueLand$930,520Additions$310,167Total$1,240,687
Tax Record2023$15,360 ($1,280 / month)
Home Facts
Total Finished SqFt3,320 SqFtAbove Grade Finished SqFt3,320 SqFtLot Size4,250 SqFtStyleQuadraplexYear Built1953ZoningLARD1.5CountyLOS ANGELESAPN4327-013-018

Schools near 10357 Ashton Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Charter - K to 5
Rating
School
Distance
Fairburn Avenue Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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10357 Ashton Avenue is a multi-family home for sale in Los Angeles, CA 90024. This property was listed for sale on November 20, 2023 by Marcus & Millichap, it's currently listed at $4,495,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Fairburn Avenue Elementary School, Emerson Community Charter School and University Senior High School Charter. 10357 Ashton Avenue is a 11-bed, 11-bath, 7,274 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Benjamin Lewin, DRE #02040686; Marcus & Millichap, Jeffrey Louks, DRE #00908473

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.