Multifamily
Villa Chamberlain
1776 S Rimpau Blvd, Los Angeles, CA 90019
Listing Price: $8,500,000
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale The Villa Chamberlain Apartments, a 38-unit apartment community located at 1776 South Rimpau Boulevard. The subject property is located south of Venice Boulevard and east of La Brea Avenue. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase.
The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area.
Situated on an oversized 37,539 square foot parcel, the property is comprised of 32 one-bedroom units, five two-bedroom units, and one three-bedroom unit. The property has more than 42% remaining rental upside through unit renovations along with a desirable parking ratio of 1.18/1.00 and on-site laundry facilities.
Villa Chamberlain offers investors a rare opportunity to acquire a sizeable presence in a sought-after in-fill submarket of Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units in order to achieve superior market rents moving forward, makes Villa Chamberlain an excellent acquisition opportunity.
Villa Chamberlain
Investment Highlights
- Investors can Acquire a Significant Presence in the Mid-City Neighborhood of Los Angeles, a Market Where the Average Transaction Size is 9 Units over the Last Five Years
- Mid-City is Becoming a Compelling Value-Proposition for Tenants who are Getting Priced out of These Expensive Neighboring Submarkets
- Villa Chamberlain is Located in Close Proximity to World-Class Shopping, Vibrant Restaurants, Museums, Cafes, Bars, Theaters, Grocery Stores, Gyms & Employment Opportunities
- The Government Required Seismic Retrofit Work has Already Been Completed, Which Saves a New Investor Substantially in Capital and Time
- Long Term Ownership – The Subject Property Has Been Owned for 37 Years, Offering a Rare Acquisition Opportunity
- New Ownership has Potential to Add Accessory Dwelling Units (ADU's) to the Property Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify
Exclusively Listed By
Financing By
Listing Price: $8,500,000
Investment Highlights
- Investors can Acquire a Significant Presence in the Mid-City Neighborhood of Los Angeles, a Market Where the Average Transaction Size is 9 Units over the Last Five Years
- Mid-City is Becoming a Compelling Value-Proposition for Tenants who are Getting Priced out of These Expensive Neighboring Submarkets
- Villa Chamberlain is Located in Close Proximity to World-Class Shopping, Vibrant Restaurants, Museums, Cafes, Bars, Theaters, Grocery Stores, Gyms & Employment Opportunities
- The Government Required Seismic Retrofit Work has Already Been Completed, Which Saves a New Investor Substantially in Capital and Time
- Long Term Ownership – The Subject Property Has Been Owned for 37 Years, Offering a Rare Acquisition Opportunity
- New Ownership has Potential to Add Accessory Dwelling Units (ADU's) to the Property Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify
Investment Overview
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale The Villa Chamberlain Apartments, a 38-unit apartment community located at 1776 South Rimpau Boulevard. The subject property is located south of Venice Boulevard and east of La Brea Avenue. This property is being sold as part of a 5 building, 79-unit portfolio that is available individually or any combination as a portfolio purchase. The property is located in a desirable pocket of Mid-City. The building is in close proximity to an array of shopping, along with a slew of vibrant restaurants, museums, cafes, bars, theaters, grocery stores, gyms, and entertainment choices in Mid-City, Miracle Mile, West Adams, & Koreatown. This provides residents with convenient access to employment centers, retail and entertainment in the immediate area. Situated on an oversized 37,539 square foot parcel, the property is comprised of 32 one-bedroom units, five two-bedroom units, and one three-bedroom unit. The property has more than 42% remaining rental upside through unit renovations along with a desirable parking ratio of 1.18/1.00 and on-site laundry facilities. Villa Chamberlain offers investors a rare opportunity to acquire a sizeable presence in a sought-after in-fill submarket of Los Angeles. The continued gentrification of the surrounding area along with the value-add potential for a new owner to renovate units in order to achieve superior market rents moving forward, makes Villa Chamberlain an excellent acquisition opportunity.
Exclusively Listed By
Financing By
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