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Multifamily

1261 Stoner

1261 Stoner Ave, Los Angeles, CA 90025

Listing Price: $9,000,000

Cap Rate
3.52%
Number of Units
8
Price/Unit
$1,125,000
Price/Gross SF
$783.63
Gross SF
11,485

Investment Overview

Marcus & Millichap is pleased to present this new construction 8-unit building located at 1261 Stoner Avenue in Los Angeles, California. The Offering sits on 6,998 square feet of land with 11,485 square feet of rentable area and consists of (1) 2 Bed / 2.5 Bath, (3) 3 Bed / 2.5 Bath, and (4) 3 Bed / 3 Bath units. The Subject property is ideally located just blocks from the Wilshire & Bundy intersection and offers ocean views from its rooftop deck. Built in 2019, The Offering requires extremely low maintenance and management as it is constructed with high-end materials and luxury finishes. This environmentally-friendly LEED Platinum apartment utilizes passive design techniques aimed to minimize the energy load, and thus the environmental footprint of its occupants. Coupled with state-of-the-art technology, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings. The Offering's remarkable design, plethora of unique amenities, and superior walkability (88 Walk Score) offers residents a living experience unrivaled by any competing properties in the sub-market. Additionally, residents also benefit from the Property’s central location, providing easy access to many of Los Angeles’ major employment hubs including Santa Monica, Westwood, Century City, and Beverly Hills. With its premier location, stylish architecture, low maintenance/management and highend unit finishes, 1261 Stoner Avenue offers investors a turnkey asset with great returns and appreciation, in one of the best pockets of town.

Investment Highlights

  • Built in 2019 | New Construction
  • Fully Leased and Stabilized
  • Prime West Los Angeles
  • Half Block From Wilshire Blvd
  • Half Block from Brentwood
  • Little Management Needed
  • Luxury Finishes & Rooftop Deck
  • Walk Score of 88

Exclusively Listed By

Financing By

Listing Price: $9,000,000

Cap Rate
3.52%
Number of Units
8
Price/Unit
$1,125,000
Price/Gross SF
$783.63
Gross SF
11,485

Investment Highlights

  • Built in 2019 | New Construction
  • Fully Leased and Stabilized
  • Prime West Los Angeles
  • Half Block From Wilshire Blvd
  • Half Block from Brentwood
  • Little Management Needed
  • Luxury Finishes & Rooftop Deck
  • Walk Score of 88

Investment Overview

Marcus & Millichap is pleased to present this new construction 8-unit building located at 1261 Stoner Avenue in Los Angeles, California. The Offering sits on 6,998 square feet of land with 11,485 square feet of rentable area and consists of (1) 2 Bed / 2.5 Bath, (3) 3 Bed / 2.5 Bath, and (4) 3 Bed / 3 Bath units. The Subject property is ideally located just blocks from the Wilshire & Bundy intersection and offers ocean views from its rooftop deck. Built in 2019, The Offering requires extremely low maintenance and management as it is constructed with high-end materials and luxury finishes. This environmentally-friendly LEED Platinum apartment utilizes passive design techniques aimed to minimize the energy load, and thus the environmental footprint of its occupants. Coupled with state-of-the-art technology, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings. The Offering's remarkable design, plethora of unique amenities, and superior walkability (88 Walk Score) offers residents a living experience unrivaled by any competing properties in the sub-market. Additionally, residents also benefit from the Property’s central location, providing easy access to many of Los Angeles’ major employment hubs including Santa Monica, Westwood, Century City, and Beverly Hills. With its premier location, stylish architecture, low maintenance/management and highend unit finishes, 1261 Stoner Avenue offers investors a turnkey asset with great returns and appreciation, in one of the best pockets of town.

Exclusively Listed By

Financing By

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