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Multifamily

2463 Sawtelle Blvd

2463 Sawtelle Blvd, Los Angeles, CA 90064

Listing Price: $4,400,000

Cap Rate
5.62%
Number of Units
9
GRM
12.06
Occupancy
97.0%
Price/Unit
$488,889
Price/Gross SF
$491.51
Gross SF
8,952

Investment Overview

Marcus & Millichap is pleased to present 2463 Sawtelle Boulevard, a 9-unit apartment building located in the prime rental submarket of West Los Angeles. Built in 1993, the property is not subject to LA City Rent Control (only subject to California State Rent Control). The building has an excellent unit mix consisting of (2) one-bedroom/one-bathroom units, (2) one-bedroom/two bathroom with office/den units, (3) two-bedroom/two-bathroom units, (1) two-bedroom/two bathroom with office/den unit and (1) two-bedroom/three-bathroom unit with office/den unit. The property features controlled access, subterranean secure gated parking with 16 spaces and an on-site laundry facility. The units feature fireplaces, central heat and air-conditioning with Nest Climate Control Systems, recessed lighting, skylights in office/den spaces, solid wood eco-friendly carbonized bamboo flooring, dishwashers, stainless steel and black stainless-steel appliances and bathrooms with tiled roman tubs (select units) and showers (one large unit has a custom Japanese soaking tub). All units with multiple bedrooms feature bedrooms with en-suite baths. All second-floor units feature large multi-story split-level layouts with New York style live-work spaces which feature vaulted double height ceilings with loft space on the second floor that can be used as an additional bedroom, office or den. These top-level units also feature balconies and large 11x13 patio decks facing north which can be used for barbecuing, fitness equipment and/or home gardens. These units are excellent for prospective tenants looking for family living with office/ workspace. The 8,952 sf building sits on a 7,350 sf lot that is LAR3 zoned.
2463 Sawtelle Boulevard boasts a Walk Score of 85 as it is just a short walk to coffee shops, cafes, restaurants and retail along both Pico Boulevard and the trendy strip of Sawtelle Boulevard known as Sawtelle Japantown located just a few blocks to the north. The property is conveniently located near the 10 and 405 freeways providing easy access to Santa Monica/Venice, Downtown Los Angeles, San Fernando Valley and South Bay. The property is also just 1 block from the Sepulveda Expo Line Station offering a viable public transportation option for tenants commuting westbound to Santa Monica or eastbound to Culver City, USC, Downtown Los Angeles and beyond.

Investment Highlights

  • 9-unit apartment building in prime rental submarket of West Los Angeles – constructed in 1993, making it exempt from the Los Angeles City Rent Control (only subject to California State Rent Control)
  • Excellent unit mix consisting of (2) 1+1, (2) 1+2 with office/den units, (3) 2+2, (1) 2+2 with office/den and (1) 3+2 with office/den
  • Property features controlled access, subterranean secure gated parking with 16 spaces and an on-site laundry facility
  • Units feature fireplaces, central heat and air-conditioning with Nest Climate Control Systems, recessed lighting, skylights in office/den spaces, solid wood eco-friendly carbonized bamboo flooring, dishwashers, stainless steel and black stainless-steel appliances and bathrooms with tiled roman tubs (select units) and showers (one large unit has a custom Japanese soaking tub). All units with multiple bedrooms feature bedrooms with en-suite baths
  • All second-floor units feature large multi-story split-level layouts with New York style live-work spaces which feature vaulted double height ceilings with loft space on the second floor that can be used as an additional bedroom, office or den. These top-level units also feature balconies and large 11x13 patio decks facing north which can be used for barbecuing, fitness equipment and/or home gardens
  • Walk Score of 85: just a short walk to coffee shops, cafes, restaurants and retail along both Pico Boulevard and the trendy strip of Sawtelle Boulevard known as Sawtelle Japantown located just a few blocks to the north
  • Conveniently located near the 10 and 405 freeways providing easy access to Santa Monica/Venice, Downtown Los Angeles, San Fernando Valley and South Bay
  • Located just 1 block from the Sepulveda Expo Line Station offering a viable public transportation option for tenants commuting westbound to Santa Monica or eastbound to Culver City, USC, Downtown Los Angeles and beyond

Exclusively Listed By

Financing By

Multifamily

2463 Sawtelle Blvd

Listing Price: $4,400,000

Cap Rate
5.62%
Number of Units
9
GRM
12.06
Occupancy
97.0%
Price/Unit
$488,889
Price/Gross SF
$491.51
Gross SF
8,952

Investment Highlights

  • 9-unit apartment building in prime rental submarket of West Los Angeles – constructed in 1993, making it exempt from the Los Angeles City Rent Control (only subject to California State Rent Control)
  • Excellent unit mix consisting of (2) 1+1, (2) 1+2 with office/den units, (3) 2+2, (1) 2+2 with office/den and (1) 3+2 with office/den
  • Property features controlled access, subterranean secure gated parking with 16 spaces and an on-site laundry facility
  • Units feature fireplaces, central heat and air-conditioning with Nest Climate Control Systems, recessed lighting, skylights in office/den spaces, solid wood eco-friendly carbonized bamboo flooring, dishwashers, stainless steel and black stainless-steel appliances and bathrooms with tiled roman tubs (select units) and showers (one large unit has a custom Japanese soaking tub). All units with multiple bedrooms feature bedrooms with en-suite baths
  • All second-floor units feature large multi-story split-level layouts with New York style live-work spaces which feature vaulted double height ceilings with loft space on the second floor that can be used as an additional bedroom, office or den. These top-level units also feature balconies and large 11x13 patio decks facing north which can be used for barbecuing, fitness equipment and/or home gardens
  • Walk Score of 85: just a short walk to coffee shops, cafes, restaurants and retail along both Pico Boulevard and the trendy strip of Sawtelle Boulevard known as Sawtelle Japantown located just a few blocks to the north
  • Conveniently located near the 10 and 405 freeways providing easy access to Santa Monica/Venice, Downtown Los Angeles, San Fernando Valley and South Bay
  • Located just 1 block from the Sepulveda Expo Line Station offering a viable public transportation option for tenants commuting westbound to Santa Monica or eastbound to Culver City, USC, Downtown Los Angeles and beyond

Investment Overview

Marcus & Millichap is pleased to present 2463 Sawtelle Boulevard, a 9-unit apartment building located in the prime rental submarket of West Los Angeles. Built in 1993, the property is not subject to LA City Rent Control (only subject to California State Rent Control). The building has an excellent unit mix consisting of (2) one-bedroom/one-bathroom units, (2) one-bedroom/two bathroom with office/den units, (3) two-bedroom/two-bathroom units, (1) two-bedroom/two bathroom with office/den unit and (1) two-bedroom/three-bathroom unit with office/den unit. The property features controlled access, subterranean secure gated parking with 16 spaces and an on-site laundry facility. The units feature fireplaces, central heat and air-conditioning with Nest Climate Control Systems, recessed lighting, skylights in office/den spaces, solid wood eco-friendly carbonized bamboo flooring, dishwashers, stainless steel and black stainless-steel appliances and bathrooms with tiled roman tubs (select units) and showers (one large unit has a custom Japanese soaking tub). All units with multiple bedrooms feature bedrooms with en-suite baths. All second-floor units feature large multi-story split-level layouts with New York style live-work spaces which feature vaulted double height ceilings with loft space on the second floor that can be used as an additional bedroom, office or den. These top-level units also feature balconies and large 11x13 patio decks facing north which can be used for barbecuing, fitness equipment and/or home gardens. These units are excellent for prospective tenants looking for family living with office/ workspace. The 8,952 sf building sits on a 7,350 sf lot that is LAR3 zoned. 2463 Sawtelle Boulevard boasts a Walk Score of 85 as it is just a short walk to coffee shops, cafes, restaurants and retail along both Pico Boulevard and the trendy strip of Sawtelle Boulevard known as Sawtelle Japantown located just a few blocks to the north. The property is conveniently located near the 10 and 405 freeways providing easy access to Santa Monica/Venice, Downtown Los Angeles, San Fernando Valley and South Bay. The property is also just 1 block from the Sepulveda Expo Line Station offering a viable public transportation option for tenants commuting westbound to Santa Monica or eastbound to Culver City, USC, Downtown Los Angeles and beyond.

Exclusively Listed By

Financing By

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