7
See all 7 photos
$5,900,000
Est. payment /mo
19 Beds
32 Baths
19,116 SqFt
New
2617 S Sepulveda BLVD Los Angeles, CA 90064
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 19,116 sqft
Price per Sqft $308
MLS Listing ID 26839343
Bedrooms 19
HOA Y/N No
Year Built 1974
Lot Size 0.456 Acres
Property Description
Offered as part of a rare six-property portfolio available individually or as a package, 2617-2619 S Sepulveda Blvd. presents an exceptional opportunity to acquire a meaningful rental footprint in the heart of West Los Angeles, one of the Westside's most consistently desirable and resilient rental submarkets. Adding to the uniqueness of the offering, each property in the portfolio was originally built by the Seller's family, creating a true generational ownership story seldom seen in the marketplace. 2617-2619 S Sepulveda Blvd. consists of 29 units across two separate buildings on one APN. Originally built in 1974, the property is situated on a 19,850-square-foot, R3-zoned lot. The property features an attractive and highly rentable unit mix comprised of 1 bachelor unit, 12 studio units with full kitchens, 13 one-bedroom/one-bath units, and 3 two-bedroom/two-bath units. With strong in-place fundamentals and significant upside in rents, the property offers investors the ability to immediately control a sizable West LA asset with long-term income growth potential. The improvements offer many features sought by today's renters, including pleasant layouts, a courtyard-style apartment setting, gated on-site parking, on-site laundry facilities, air-conditioning units, and patios or balconies in the units. The residences are filled with natural light, and ownership has already completed the soft-story seismic retrofit, providing a major benefit for a future buyer. From a location standpoint, the offering is exceptionally well positioned in West Los Angeles, with convenient access to Century City, Westwood, Santa Monica, and UCLA, all of which help support deep and diverse tenant demand. UCLA notes that its main campus is in Westwood, and identifies West LA among the common surrounding neighborhoods tied to the university area. The properties also benefit from proximity to some of the Westside's most dynamic lifestyle destinations, including the Sawtelle Japantown corridor, which remains one of West LA's best known dining destinations, as well as the shopping, dining, and entertainment offerings of Westfield Century City and Downtown Santa Monica / Third Street Promenade. For investors seeking scale, rental upside, strong historical ownership, and premier Westside location fundamentals, 2617-2619 S Sepulveda Blvd. represents an outstanding opportunity to establish or expand a presence in one of LosAngeles' most proven multifamily markets.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher
Exterior
Parking Features Assigned, Gated
Total Parking Spaces 29
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4256013043
Special Listing Condition Standard
Listed by Jonathan Taksa Remax Commercial and Investment Realty #01366169
NEARBY SCHOOL & BUSINESS
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