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Multifamily

1346 N Stanley Ave

1346 N Stanley Ave, Los Angeles, CA 90046

Listing Price: Request For Offer

Number of Units
9
Occupancy
22.0%
Gross SF
10,483

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 1346 North Stanley Avenue, a 9-unit multifamily investment opportunity located in the supply constrained 90046 zip code of Los Angeles, CA. The property features 10,483 square feet of gross rentable area, situated on a 12,872-square foot lot. The 9-unit building is composed of one studio/one-bathroom unit, three one-bedroom/one-bathroom units, four two-bedroom/one-bathroom units and one five-bedroom/four-and-a-half bathroom unit. Additionally, the new buyer can add three ADU’s, one by converting the tuck-under parking on the north end of the building and two detached ADU’s in the rear of the building. There are also plans to convert the studio unit into a one-bedroom unit and potentially add a fourth ADU on the south-end of the building next to the townhouse. The building is well-maintained and offers on-site parking and laundry facilities for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Spaulding Avenue west and Curson to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 1346 North Stanley Avenue offers tenants excellent proximity to some of Los Angeles’ finest amenities such as the Beverly Center, Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 1346 North Stanley Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in one of LA’s trendiest locations.

Investment Highlights

  • Amazing Value-Add Opportunity!
  • Located in the City of Los Angeles, but Benefits From West Hollywood Adjacent Location!
  • Tuck-Under Parking can be Converted into ADU! Additionally You Can Add Two More Detached ADU's in the Rear of the Building with Rooftop!
  • Plans to Convert Studio Unit into a One-Bedroom!
  • Currently in Process of Obtaining a Parking Variance (In Order to Add About 10 Parking Spaces).
  • Potential to Add a Fourth ADU on the South-End of the Building Next to the Townhouse.
  • Amazing Value-Add Opportunity!

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Number of Units
9
Occupancy
22.0%
Gross SF
10,483

Investment Highlights

  • Amazing Value-Add Opportunity!
  • Located in the City of Los Angeles, but Benefits From West Hollywood Adjacent Location!
  • Tuck-Under Parking can be Converted into ADU! Additionally You Can Add Two More Detached ADU's in the Rear of the Building with Rooftop!
  • Plans to Convert Studio Unit into a One-Bedroom!
  • Currently in Process of Obtaining a Parking Variance (In Order to Add About 10 Parking Spaces).
  • Potential to Add a Fourth ADU on the South-End of the Building Next to the Townhouse.
  • Amazing Value-Add Opportunity!

Investment Overview

Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 1346 North Stanley Avenue, a 9-unit multifamily investment opportunity located in the supply constrained 90046 zip code of Los Angeles, CA. The property features 10,483 square feet of gross rentable area, situated on a 12,872-square foot lot. The 9-unit building is composed of one studio/one-bathroom unit, three one-bedroom/one-bathroom units, four two-bedroom/one-bathroom units and one five-bedroom/four-and-a-half bathroom unit. Additionally, the new buyer can add three ADU’s, one by converting the tuck-under parking on the north end of the building and two detached ADU’s in the rear of the building. There are also plans to convert the studio unit into a one-bedroom unit and potentially add a fourth ADU on the south-end of the building next to the townhouse. The building is well-maintained and offers on-site parking and laundry facilities for tenants. The property is situated in one of the trendiest locations in Los Angeles, sitting just north of Santa Monica Boulevard, sandwiched between Spaulding Avenue west and Curson to the east. This prime location offers a tremendous amount of dining, shopping and entertainment destinations in walking distance to the property, while being a short commute of major employment centers such as Century City, Beverly Hills, Hollywood, and Downtown Los Angeles. 1346 North Stanley Avenue offers tenants excellent proximity to some of Los Angeles’ finest amenities such as the Beverly Center, Pacific Design Center, Melrose Avenue, the Sunset Strip, Restaurant Row on La Cienega, the world renowned shopping center, The Grove, LA County Museum of Art (LACMA) and others. Nearby grocers include Trader Joe’s, Whole Foods Market and Bristol Farms. Local dining options include E.P. & L.P, Fig & Olive, Taste on Melrose, Rosaline, Crossroads Kitchen, The Nice Guy and more. Due to the property’s premier location and rental upside, 1346 North Stanley Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset in one of LA’s trendiest locations.

Exclusively Listed By

Financing By

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