1835 Greenfield Avenue
1835 Greenfield Avenue
$4,890,000
22
20
13,804
13,804
$354
Sold 7/5/23
Description
New pricing! We are thrilled to present an extraordinary investment opportunity in the heart of prime West LA on Greenfield Ave. Boasting an extra-large 13,242 SF lot, this multi-family property features 14 units within a 13,804 SF building, offering a superb unit mix of spacious one, two, and three-bedroom layouts to generate substantial rental income for investors. Originally constructed in 1965, this property is being delivered 100% vacant, offering the perfect opportunity for value-add investors...New pricing! We are thrilled to present an extraordinary investment opportunity in the heart of prime West LA on Greenfield Ave. Boasting an extra-large 13,242 SF lot, this multi-family property features 14 units within a 13,804 SF building, offering a superb unit mix of spacious one, two, and three-bedroom layouts to generate substantial rental income for investors. Originally constructed in 1965, this property is being delivered 100% vacant, offering the perfect opportunity for value-add investors to renovate and improve the units to unlock their full potential. With the five-year Ellis Act expiration date in December 2023, investors have the opportunity to re-occupy at market rental rates, allowing them to maximize their return on investment and generate long-term income streams. Located in the heart of West LA, this property offers easy access to a wide range of amenities. Tenants can take a stroll to Sawtelle Blvd, where you'll find an array of trendy shops, restaurants, and cafes, offering some of the city's finest cuisine. Experience the thriving culinary scene at night markets or relax and watch a movie at the nearby Landmark Theater. Conveniently located near public transportation and major highways, this property provides easy access to everything that the city has to offer. Enjoy quick access to the 405 and 10 freeways, which take you to popular destinations such as Santa Monica, Culver City, and Downtown LA. Investors can take advantage of the property's strategic location just 2 miles south of the UCLA campus and maximize their return on investment by capitalizing on the tremendous West LA rental demand. This exceptional property presents a rare and lucrative opportunity for investors to own a prime West LA investment property, combining an excellent location and the potential for significant returns. With its vacant status and the upcoming Ellis Act expiration date, this property is a diamond in the rough, waiting to be polished and transformed into an outstanding investment opportunity. Don't miss out on this unique chance to own a prime piece of West LA real estate!
- Listed by Benjamin J. Hsiang • DRE #01438644 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
- Listed by Don Favia • DRE #01841258 • Brokerage DRE #01438644 • Realty Investment Advisors, Inc.
Property Details for 1835 Greenfield Avenue
Zoning
LAR3
Parcel Number4323013044
Total Units14.0
Living Area13804
Source Living AreaVendor Enhanced
AreaWestwood - Century City (C05)
Vacancy Rate100%
Lot Size Area13242
Location
LISTING UPDATED: 07/05/2023 01:38 PM
Property Details for 1835 Greenfield Avenue
Status | Sold |
---|---|
MLS # | 23-258747 |
Days on Market | 66 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1963 |
Lot Size | 0.30 AC / 13,242 SF |
County | Los Angeles County |
Location
Building Information for 1835 Greenfield Avenue
Stories2Residences-Year Built1963Building Size-Lot Size0.30 AC / 13,242 SF
Payment Calculator
$33,110 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1835 Greenfield Avenue
Property History for 1835 Greenfield Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1835 Greenfield Avenue
Taxable ValueLand$4,462,075Additions$1,795,228Total$6,257,303
Tax Record2023$77,082 ($6,423 / month)
Home Facts
Total Finished SqFt13,804 SqFtAbove Grade Finished SqFt13,804 SqFtLot Size13,230 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN4323-013-044
Schools near 1835 Greenfield Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 5 | |||
Public - | 6 to 8 | |||
Charter - | 6 to 8 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Westwood Charter Elementary School CharterK to 5 | ||
Daniel Webster Middle School Public6 to 8 | ||
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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