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John Veytia

john.veytia@compass.com +1(949) 701-5554

$ 1,995,000

Est. payment | -/mo

8 Beds

8 Baths

4,042 SqFt

Save

$ 1,995,000

Est. payment | -/mo

Save

8 Beds

8 Baths

4,042 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,042 sqft

Price per Sqft $493

MLS Listing ID 26867587

Bedrooms 8

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1947

Lot Size 5,797 Sqft

Property Description

A rare opportunity to acquire a fully vacant, completely renovated, boutique four-unit apartment building ideally located just steps from the shops, cafes, and restaurants of Larchmont Village and the vibrant dining scene of Koreatown. Spanning approximately 4,042 square feet, this turnkey asset is delivered fully vacant, offering a new owner the rare ability to lease up all four units at full market rents from day one. The location is a major draw for prospective tenants. Larchmont Boulevard's strip of boutique shops, coffee spots, and acclaimed restaurants including Larchmont favorites like Great White, Tu Madre, Cafe Gratitude, and Max & Helen's is just minutes away, along with the diverse dining and nightlife of nearby Koreatown. The area offer. easy access to public transit, and proximity to major employment centers throughout Hollywood, Downtown LA, and the Wilshire corridor all highly attractive amenities for renters. All four units feature 2-bedroom/2-bathroom floor plans, each fully modernized from top to bottom. Every unit includes new kitchen appliances (refrigerator, stove/oven, and microwave), fully updated bathrooms with contemporary finishes, new flooring throughout, new AC/heating systems, and in-unit washer/dryer hookups a standout amenity that commands premium rents and reduces turnover. Parking is a defining feature of this property: each unit is paired with its own private one-car garage plus an additional dedicated parking space directly in front of the garage, for a total of 8 parking spaces across the building a rare offering in this submarket. The building has been comprehensively renovated, reflecting true pride of ownership and minimizing near-term capital expenditures for a new owner. Pro Forma GOI is $156,000 giving this property an incredible GRM of 12.79. Pro Forma Cap Rate is 5.9% reflecting low estimated expenses from the recent full renovation.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Heating Heat Pump

Cooling Heat Pump

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Gas Oven, Microwave, Refrigerator, Dryer, Washer

Laundry Stacked

Exterior

Parking Features Garage, Private, Tandem

Garage Spaces 4.0

Garage Description 4.0

Pool None

View Y/N No

View None

Total Parking Spaces 8

Private Pool No

Building

Faces West

Story 2

Entry Level Two

Architectural Style See Remarks

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5518015007

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Will Tiao The Collective Realty #01918965

Nearby Locations

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John Veytia

Associate Broker | Lic# DRE# 00279282

john.veytia@compass.com

+1(949) 701-5554

33522 Niguel Rd, Monarch Beach, CA, 92629, USA

136 S Edgemont ST Los Angeles, CA 90004

John Veytia

Key Details

Location

Interior

Exterior

Building

Others

136 S Edgemont ST