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Multifamily

10548 Eastborne Ave

10548 Eastborne Ave, Los Angeles, CA 90025

Listing Price: $6,200,000

Cap Rate
3.68%
Number of Units
10
Price/Unit
$620,000
Price/Gross SF
$479.51
Gross SF
12,930

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a ten-unit apartment community located at 10548 Eastborne Avenue. The subject property is located just north of Santa Monica Boulevard on the boarder of two of the most desirable sub-markets in all of Los Angeles: Westwood & Century City. Consisting of one, three-story building situated on a 7,154 square foot parcel, 10548 Eastborne has been owned and meticulously managed by the same family. The property features large floorplans, balconies, central HVAC, an elevator, on-site parking & on-site laundry as well as in-unit washer/dryers in 70% or units. Eastborne comprises of an excellent unit mix consisting of one Bachelor, two one-bedrooms, five two-bedrooms, and two two-bedrooms + den. Located on the Westside, Westwood is one of the most sought out rental markets in Los Angeles. Given the property’s prime location, large floor plans, and remaining value add components, 10548 Eastborne is a great opportunity to provide investors with stable returns and long-term appreciation potential.

Investment Highlights

  • Generational Opportunity: Long Term Ownership – Family Owned and Available for Purchase for the First Time Ever
  • Excellent Amenities: Interiors Feature Central Heating & A/C, Fireplaces (Select Units), Balconies (Select Units), In-Unit Washer/Dryer (Select Units), and High Ceilings (Select Units)
  • Recent Capital Improvements: Full Elevator Modernization Completed in 2020 and Roof Replacement Completed in 2019
  • Value-Add Opportunity: Approximately 22% Remaining Rental Upside Through Interior Renovations
  • Meticulously Managed and Well-Maintained While Still Offering Rental Upside: Current Ownership has Attentively Owned and Operated the Property, Leaving an Excellent Physical Plant for a New Buyer to Continue Operations and Make Further Interior & Exterior Enhancements
  • Meticulously Managed and Well-Maintained While Still Offering Rental Upside: Current Ownership has Attentively Owned and Operated the Property, Leaving an Excellent Physical Plant for a New Buyer to Continue Operations and Make Further Interior & Exterior Enhancements

Exclusively Listed By

Financing By

Multifamily

10548 Eastborne Ave

Listing Price: $6,200,000

Cap Rate
3.68%
Number of Units
10
Price/Unit
$620,000
Price/Gross SF
$479.51
Gross SF
12,930

Investment Highlights

  • Generational Opportunity: Long Term Ownership – Family Owned and Available for Purchase for the First Time Ever
  • Excellent Amenities: Interiors Feature Central Heating & A/C, Fireplaces (Select Units), Balconies (Select Units), In-Unit Washer/Dryer (Select Units), and High Ceilings (Select Units)
  • Recent Capital Improvements: Full Elevator Modernization Completed in 2020 and Roof Replacement Completed in 2019
  • Value-Add Opportunity: Approximately 22% Remaining Rental Upside Through Interior Renovations
  • Meticulously Managed and Well-Maintained While Still Offering Rental Upside: Current Ownership has Attentively Owned and Operated the Property, Leaving an Excellent Physical Plant for a New Buyer to Continue Operations and Make Further Interior & Exterior Enhancements
  • Meticulously Managed and Well-Maintained While Still Offering Rental Upside: Current Ownership has Attentively Owned and Operated the Property, Leaving an Excellent Physical Plant for a New Buyer to Continue Operations and Make Further Interior & Exterior Enhancements

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a ten-unit apartment community located at 10548 Eastborne Avenue. The subject property is located just north of Santa Monica Boulevard on the boarder of two of the most desirable sub-markets in all of Los Angeles: Westwood & Century City. Consisting of one, three-story building situated on a 7,154 square foot parcel, 10548 Eastborne has been owned and meticulously managed by the same family. The property features large floorplans, balconies, central HVAC, an elevator, on-site parking & on-site laundry as well as in-unit washer/dryers in 70% or units. Eastborne comprises of an excellent unit mix consisting of one Bachelor, two one-bedrooms, five two-bedrooms, and two two-bedrooms + den. Located on the Westside, Westwood is one of the most sought out rental markets in Los Angeles. Given the property’s prime location, large floor plans, and remaining value add components, 10548 Eastborne is a great opportunity to provide investors with stable returns and long-term appreciation potential.

Exclusively Listed By

Financing By

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