Multifamily
Bellwood Lots
10330, 10340-10360, 10368-10384.5, 10341-10355 Bellwood Ave, Los Angeles, CA 90064
Listing Price: $37,888,888
Investment Overview
• The Neema Group of Marcus & Millichap & Taksa Investment Group of Remax are pleased to present a generational investment opportunity in an A+ trophy location on Bellwood Ave in Century City just off W Olympic Blvd
• This offering includes two development lots and 99 apartment units spanning seven parcels on Bellwood Ave:
o 10341 Bellwood Ave: 13 apartment units vacated via the Ellis Act; 15,893 SF lot; zoned C2-1VL-O
o 10330 Bellwood Ave: Vacant lot; 12,091 SF; zoned C2-1VL-O
o 10368–10384 ½ Bellwood Ave: 17 bungalow-style apartments built in 1940; 7,376 SF building on a 21,829 SF lot
o 10340–10360 Bellwood Ave: 82 apartment units built in 1948; 24,275 SF building on a 27,266 SF lot
10368-10384 ½ Bellwood Ave
• The 17 bungalow-style apartment units at 10368-10384 ½ Bellwood Ave were built in 1940 and consist of 10 singles and seven one-bedrooms; the buildings are fully occupied and 12 of the units have undergone full interior renovations
• The units have been recently restored to highlight the original architecture while adding modern touches including hardwood flooring, recessed lighting, HVAC’s, new cabinetry, upgraded bathrooms, doors with smart locks, and appliances
10340-10360 Bellwood Ave
• The 82 units at 10340-10360 Bellwood Ave were built in 1948 and consist of 60 efficiency units (225-323 SF) and 22 singles (350-451 SF); 60 of the units have undergone full interior renovations
• Renovated units include hardwood flooring, recessed lighting, HVAC split system, new electrical and plumbing, upgraded bathrooms with Art Deco subway tile, cabinetry, doors with smart locks, and appliances
10341 Bellwood Ave
• The 13 vacant units via the Ellis Act at 10341 Bellwood Ave provide flexibility for redevelopment without tenant relocation required.
• The lot totals 15,893 SF zoned C2-1VL-O
• Opportunity to build 40 units by-right or utilize a density bonus for an increased unit count
10330 Bellwood Ave
• The lot at 10330 Bellwood Ave totals 12,091 SF and is currently used for parking
• Zoned C2-1VL-O, presenting an opportunity to build 31 units by-right or utilize a density bonus for an increased unit count
• The mid-century architecture, including Streamline Moderne and bungalow-style designs, may qualify for Mills Act designation, offering significant property tax reductions for preservation efforts
• Located just minutes from one of Los Angeles’ premier shopping and lifestyle destinations, Westfield Century City, featuring luxury retailers, top-tier dining, and entertainment options
• The size, location, and composition of this portfolio present a rare opportunity for investors to control a significant assemblage in Century City
• Century City’s growth and high barriers to entry create strong potential for long-term capital appreciation and value creation
• With Century City home to major entertainment, legal, and financial firms, the properties benefit from robust demand for housing
Investment Highlights
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Exclusively Listed By
Financing By
Multifamily
Bellwood Lots
Listing Price: $37,888,888
Investment Highlights
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- -
- -
Investment Overview
• The Neema Group of Marcus & Millichap & Taksa Investment Group of Remax are pleased to present a generational investment opportunity in an A+ trophy location on Bellwood Ave in Century City just off W Olympic Blvd • This offering includes two development lots and 99 apartment units spanning seven parcels on Bellwood Ave: o 10341 Bellwood Ave: 13 apartment units vacated via the Ellis Act; 15,893 SF lot; zoned C2-1VL-O o 10330 Bellwood Ave: Vacant lot; 12,091 SF; zoned C2-1VL-O o 10368–10384 ½ Bellwood Ave: 17 bungalow-style apartments built in 1940; 7,376 SF building on a 21,829 SF lot o 10340–10360 Bellwood Ave: 82 apartment units built in 1948; 24,275 SF building on a 27,266 SF lot 10368-10384 ½ Bellwood Ave • The 17 bungalow-style apartment units at 10368-10384 ½ Bellwood Ave were built in 1940 and consist of 10 singles and seven one-bedrooms; the buildings are fully occupied and 12 of the units have undergone full interior renovations • The units have been recently restored to highlight the original architecture while adding modern touches including hardwood flooring, recessed lighting, HVAC’s, new cabinetry, upgraded bathrooms, doors with smart locks, and appliances 10340-10360 Bellwood Ave • The 82 units at 10340-10360 Bellwood Ave were built in 1948 and consist of 60 efficiency units (225-323 SF) and 22 singles (350-451 SF); 60 of the units have undergone full interior renovations • Renovated units include hardwood flooring, recessed lighting, HVAC split system, new electrical and plumbing, upgraded bathrooms with Art Deco subway tile, cabinetry, doors with smart locks, and appliances 10341 Bellwood Ave • The 13 vacant units via the Ellis Act at 10341 Bellwood Ave provide flexibility for redevelopment without tenant relocation required. • The lot totals 15,893 SF zoned C2-1VL-O • Opportunity to build 40 units by-right or utilize a density bonus for an increased unit count 10330 Bellwood Ave • The lot at 10330 Bellwood Ave totals 12,091 SF and is currently used for parking • Zoned C2-1VL-O, presenting an opportunity to build 31 units by-right or utilize a density bonus for an increased unit count • The mid-century architecture, including Streamline Moderne and bungalow-style designs, may qualify for Mills Act designation, offering significant property tax reductions for preservation efforts • Located just minutes from one of Los Angeles’ premier shopping and lifestyle destinations, Westfield Century City, featuring luxury retailers, top-tier dining, and entertainment options • The size, location, and composition of this portfolio present a rare opportunity for investors to control a significant assemblage in Century City • Century City’s growth and high barriers to entry create strong potential for long-term capital appreciation and value creation • With Century City home to major entertainment, legal, and financial firms, the properties benefit from robust demand for housing
Exclusively Listed By
Financing By

