Multifamily
1946 Overland
1946 Overland Ave, Los Angeles, CA 90025
Listing Price: $11,500,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer 1946 Overland, a best-in-class newly constructed apartment building with 15 spacious floorplans (ranging from 891-1,481 SF) adjacent to Westwood and Century City in West Los Angeles, CA.
The exquisitely designed luxury homes feature a mix of one-bedroom and two-bedroom units with high ceilings, central air & heating, in-residence washer/dryers, abundant closet & storage space, over-sized floor to ceiling windows, and luxury appointments that match the demand preferences of the most discerning renter. In the common areas, the Property features a fitness center, private screening room, lavish rooftop deck with barbecues and fire pits, and a state-of-the-art security system. The award winning architectural and interior design by Valerie Schweitzer Architects incorporates cutting edge environmental sustainability practices, that resulted in the Property achieving LEED Gold certification.
1946 Overland is ideally located near the best of West LA and Beverly Hills including world class shopping at Century City and Rodeo Drive; easy access to the 405 and 10 freeways; and a 5-mile jog to the Pacific Ocean.
Combining institutional-quality construction, a premier West Los Angeles location, and strong in-place operations, 1946 Overland presents an exceptional investment opportunity.
1946 Overland
Investment Highlights
- A Premier Offering: 1946 Overland is an exquisitely designed 15-unit apartment building in prime West LA with high-end finishes that cater to the most discerning renters.
- Large Floor Plans: The Property offers a mix of large, condo quality units that include 6 one-bedrooms and 9 two-bedrooms ranging from 891 to 1,481 square feet.
- Adjacent to Westwood and Century City: The Property is within 1 mile of both Westwood Village and Century City and their myriad dining, shopping, entertainment, farmer's markets, and more.
- Robust Employment: The Property is surrounded by Silicon Beach, one of the most dynamic employment centers in Southern California providing future residents with numerous top tier employment opportunities amongst a diverse array of industries (technology, healthcare, professional services, and entertainment) and employers (Google, Amazon, UCLA, Hulu, Lionsgate, and many more). Within a 10-mile radius, there are 150 million square feet of office and 1.1 million jobs.
- Home Ownership is Unattainable for Most: Single family home values in West LA have more than doubled over the last decade to $2.3M. The sharp increase has made ownership difficult, if not impossible for first time buyers who would need to earn more than $500,000 annually to afford a median priced home in the area.
- West LA is One of the Most Affluent Locations in the Region: The average household earns $142,153 annually, 75% of the population are college educated, and 77% of the population are renters.
- Unit Conversion Opportunity: 1946 Overland's three largest 2-bedroom units (1,481 SF) all have a den that can be converted to a third bedroom. Rent comparables indicate post conversion, these floorplans could achieve between $6,000 and $7,000 per month.
- A Highly Unique Asset: Designed by renowned architecture firm Valerie Schweitzer Architects, 1946 Overland's design, aesthetic, finishes, and amenities are unmatched in the submarket. The Property is LEED Gold Certified and received the Gold Grands Prix Du Design Award in 2023 and German Design Award in 2024.
Exclusively Listed By
Listing Price: $11,500,000
Investment Highlights
- A Premier Offering: 1946 Overland is an exquisitely designed 15-unit apartment building in prime West LA with high-end finishes that cater to the most discerning renters.
- Large Floor Plans: The Property offers a mix of large, condo quality units that include 6 one-bedrooms and 9 two-bedrooms ranging from 891 to 1,481 square feet.
- Adjacent to Westwood and Century City: The Property is within 1 mile of both Westwood Village and Century City and their myriad dining, shopping, entertainment, farmer's markets, and more.
- Robust Employment: The Property is surrounded by Silicon Beach, one of the most dynamic employment centers in Southern California providing future residents with numerous top tier employment opportunities amongst a diverse array of industries (technology, healthcare, professional services, and entertainment) and employers (Google, Amazon, UCLA, Hulu, Lionsgate, and many more). Within a 10-mile radius, there are 150 million square feet of office and 1.1 million jobs.
- Home Ownership is Unattainable for Most: Single family home values in West LA have more than doubled over the last decade to $2.3M. The sharp increase has made ownership difficult, if not impossible for first time buyers who would need to earn more than $500,000 annually to afford a median priced home in the area.
- West LA is One of the Most Affluent Locations in the Region: The average household earns $142,153 annually, 75% of the population are college educated, and 77% of the population are renters.
- Unit Conversion Opportunity: 1946 Overland's three largest 2-bedroom units (1,481 SF) all have a den that can be converted to a third bedroom. Rent comparables indicate post conversion, these floorplans could achieve between $6,000 and $7,000 per month.
- A Highly Unique Asset: Designed by renowned architecture firm Valerie Schweitzer Architects, 1946 Overland's design, aesthetic, finishes, and amenities are unmatched in the submarket. The Property is LEED Gold Certified and received the Gold Grands Prix Du Design Award in 2023 and German Design Award in 2024.
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to offer 1946 Overland, a best-in-class newly constructed apartment building with 15 spacious floorplans (ranging from 891-1,481 SF) adjacent to Westwood and Century City in West Los Angeles, CA. The exquisitely designed luxury homes feature a mix of one-bedroom and two-bedroom units with high ceilings, central air & heating, in-residence washer/dryers, abundant closet & storage space, over-sized floor to ceiling windows, and luxury appointments that match the demand preferences of the most discerning renter. In the common areas, the Property features a fitness center, private screening room, lavish rooftop deck with barbecues and fire pits, and a state-of-the-art security system. The award winning architectural and interior design by Valerie Schweitzer Architects incorporates cutting edge environmental sustainability practices, that resulted in the Property achieving LEED Gold certification. 1946 Overland is ideally located near the best of West LA and Beverly Hills including world class shopping at Century City and Rodeo Drive; easy access to the 405 and 10 freeways; and a 5-mile jog to the Pacific Ocean. Combining institutional-quality construction, a premier West Los Angeles location, and strong in-place operations, 1946 Overland presents an exceptional investment opportunity.
Exclusively Listed By
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