Just Listed | 7 Units in Prime Brentwood | First Time on Market in 60 Years
PRICE: $3,125,000
UNITS: 7
PRICE PER UNIT: $446,429
PRICE PER SF: $604.33
CAP RATE: 3.86%
GRM: 16.58
INVESTMENT OVERVIEW
11957 Kiowa Ave is an exceptional investment opportunity in the coveted Brentwood neighborhood of West Los Angeles. This property features a well-maintained two-story building built in 1956 with a wood frame and stucco construction. It is approximately 5,171 sf on a 7,875 sf lot. The unit mix comprises five one-bedroom, one-bathroom, and two two-bedroom, one-bathroom units. Four units are renovated, offering a modern touch and increased desirability. One of the one-bedroom units is currently vacant.
Seven parking spaces are available at the rear of the property, and the owner has completed the required soft-story earthquake retrofit work. The buyer can add future value by converting the detached carport at the back of the property into an ADU (Buyer to verify).
Situated near grocery stores, including Whole Foods and Ralphs, and a diverse selection of dining options, coffee shops, and yoga studios, this investment property presents a prime chance to capitalize on Brentwood's thriving rental market. It offers an excellent opportunity for long-term growth in one of Los Angeles's most desirable locations and is for sale for the first time in 60 years.
HIGHLIGHTS