Sperry Van Ness is pleased to present the opportunity to acquire the Sawtelle Apartments, an 8 unit investment opportunity located in Prime West Los Angeles. This gem offers an investor a true value add play with massive 36.5% rental upside. The building features a unit mix of (2) 2 Bed/1 Bathroom, (4) 1 Bed/1 Bathroom, and (2) Jr. 1 Bedroom/1 Bathroom units. The property is individually metered for Gas and Electric, the plumbing is original, and the roof is around 15 years old. The property has six surface parking spaces in the rear of the property. Overall the property offers an incredible long term investment with substantial capital improvements required, but the upside and location make this a great investment for those savvy investors with management and value add experience.
The subject property is located on Sawtelle Boulevard just south of Santa Monica Blvd. Situated in one of the best rental markets in West Los Angeles, the property is adjacent to Westwood, Brentwood, and Santa Monica. Surrounded by many beautiful newer construction properties this upscale neighborhood features top notch restaurants, shopping, parks and supermarkets.
Updated on March 6, 2017 at 12:27 pm
SAWTELLE APARTMENTS - 1652 Sawtelle Blvd
