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2825 Sepulveda Boulevard
Los Angeles, CA 90064
Sold
2825 Sepulveda Boulevard
Los Angeles, CA 90064
Sold
Prime West LA location and excellent value-add opportunity! This 18-unit Palms multifamily asset offers savvy investors significant upside potential through its unique layout, below-market rents, and ADU development options. Acquired by a university focused on academics rather than profits, this property has been undermanaged for years. As a result, at least 4 units will be delivered vacant a major advantage in rent-controlled Los Angeles. Bring your expertise to unlock immense value by increasing rents to market rates. With an ideal mix of 4 bachelors*, 10 one-bedrooms, 4 two-bedrooms, and 1 three-bedroom unit (*1 non-conforming bachelor) the property caters perfectly to LA's high demand for studios and one-bedrooms. The 3 garages present a low-cost, high-reward ADU conversion opportunity. Adding 2x 207 sq ft units at $1,750 per month each could provide over $600,000 in additional property value! Explore options to optimize and improve. This boutique 10,860 sq ft building includes desirable amenities like abundant parking and sits on a spacious 15,140 sq ft lot. The prime Palms location provides walkable access to restaurants, shopping, entertainment, and quick freeway access. LA's strong multifamily fundamentals, with rising population and shrinking household sizes, further enhance the opportunity. Don't miss this rare chance to acquire an underperforming property primed for optimization to its full potential. Bring your vision to unlock immense upside in the heart of desirable West LA!
PROPERTY INFORMATION
| MLS # | 23321599 | Lot Size | 15,140 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 4,995,000
Price Per SqFt: $ 460 |
DOM | 569 Days |
| Address | 2825 Sepulveda Boulevard | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 10,860 Sq. Ft. |
| Postal Code | 90064 | Garage | 3 |
| County | Los Angeles | Year Built | 1958 |
| Bed / Bath | 27 / 0 | Parking | 13 |
| Built In | 1958 | Status | Closed |
| Sold Date | 2024-01-02 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Oven, Range, Gas Cooktop |
| Flooring Information | Laminate, Carpet |
| SecuritySafety | Resident Manager |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $5,328
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/22/2023 | Listed | $4,995,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of C. Wolf Baschung, MW Real Estate. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
