Multifamily
1951 Selby Avenue
1951 Selby Ave, Los Angeles, CA 90025
Listing Price: $3,400,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale this unique apartment community located 1951 Selby Avenue. This pride-of-ownership asset features eight spacious units and is situated on a quiet street in one of the most desirable neighborhoods in the Los Angeles MSA. It is the first time ever that this property is being offered for sale by the family of the original developer. The property is comprised of a single, two-story building on a 7,045 square foot parcel of land that has been meticulously managed and maintained by the same family since its original development. With large floor plans, balconies, on-site parking, and laundry facilities, the property is in excellent condition. Taking into consideration the property’s prime Westside location and remaining value add components, 1951 Selby Avenue is well suited to provide investors with healthy returns and long-term appreciation potential.
1951 Selby Avenue
Investment Highlights
- Long Term Ownership - Family Owned and Available for Purchase for the First Time Ever
- There is 25 Percent Remaining Rental Upside Through Turnover and Tactful Renovations
- Situated in One of the Region's Most Prestigious Neighborhoods and Home to Some of the Most Dynamic Companies, and Some of the Best Shopping, Dining and Hospitability Options
- 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
- All Second Story Units Feature High Ceilings and Nearly All Ground Floor Units Have Access to Outdoor Space.
- Property is Located in a Highly Desirable Pocket on the Westside. Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment From Westwood, Santa Monica, and Century City.
- Approximately 1.6 Miles From The Century City Purple Line Extension Project that will Connect Commuters from Downtown Los Angeles, Miracle Mile/Beverly Hills and Westwood.
Exclusively Listed By
Financing By
Listing Price: $3,400,000
Investment Highlights
- Long Term Ownership - Family Owned and Available for Purchase for the First Time Ever
- There is 25 Percent Remaining Rental Upside Through Turnover and Tactful Renovations
- Situated in One of the Region's Most Prestigious Neighborhoods and Home to Some of the Most Dynamic Companies, and Some of the Best Shopping, Dining and Hospitability Options
- 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
- All Second Story Units Feature High Ceilings and Nearly All Ground Floor Units Have Access to Outdoor Space.
- Property is Located in a Highly Desirable Pocket on the Westside. Residents Enjoy Convenient Access to Employment Centers, Retail, and Entertainment From Westwood, Santa Monica, and Century City.
- Approximately 1.6 Miles From The Century City Purple Line Extension Project that will Connect Commuters from Downtown Los Angeles, Miracle Mile/Beverly Hills and Westwood.
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale this unique apartment community located 1951 Selby Avenue. This pride-of-ownership asset features eight spacious units and is situated on a quiet street in one of the most desirable neighborhoods in the Los Angeles MSA. It is the first time ever that this property is being offered for sale by the family of the original developer. The property is comprised of a single, two-story building on a 7,045 square foot parcel of land that has been meticulously managed and maintained by the same family since its original development. With large floor plans, balconies, on-site parking, and laundry facilities, the property is in excellent condition. Taking into consideration the property’s prime Westside location and remaining value add components, 1951 Selby Avenue is well suited to provide investors with healthy returns and long-term appreciation potential.
Exclusively Listed By
Financing By
