1615 Greenfield Avenue, Los Angeles, CA 90025
  • MLS#: 25554831 ( )
  • Street Address: 1615 Greenfield Avenue
  • Viewed: 2
  • Price: $8,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 29
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90025
  • Provided by: Tony Azzi
  • Contact: Tony Tony
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Located in a prime, walkable pocket of West LA, 1615 Greenfield Ave offers a rare 14 unit value add opportunity near UCLA, Century City, Santa Monica, and Sawtelle Japantown. The property features a desirable mix of two and three bedroom units, gated entry, and dedicated parking highly sought after amenities in this dense rental market. With current rents below market, investors can unlock upside through unit renovations and common area upgrades. Operating under fee simple ownership, utilities include separately metered electric and master metered water and gas (for central water heating). This is a strong long term hold with durable cash flow and appreciation potential in one of LA's most supply constrained submarkets.
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Features
Building Area Total
  1. 18385.00
Country
  1. US
Levels
  1. Three Or More
Netoperatingincome
  1. 425748.00
Parcel Number
  1. 4324031034
Parking Features
  1. Garage
  2. Garage - Single Door
  3. Driveway
Sourcesystemkey
  1. 25554831:CLAW
Totalexpenses
  1. 194880.00
View
  1. City Lights
Year Built
  1. 1962
Zoning
  1. LAR3