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$ 8,395,000
Est. payment /mo
Active
11964 Kiowa Avenue Los Angeles, CA 90049
19,026 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 19,026 sqft
Price per Sqft $441
MLS Listing ID CL25620721
HOA Y/N No
Year Built 1968
Lot Size 0.333 Acres
Acres 0.33
Property Sub-Type Other
Property Description
We are pleased to present 11964 Kiowa Avenue, a very rare opportunity to acquire an 18-unit multifamily property in the heart of prime Brentwood. Built in 1968 and owned by the same family for over 40 years, this charming courtyard building offers an excellent mix of one, two, and three-bedroom floor plans each thoughtfully designed, flooded with natural light, and highly desirable to tenants. Situated on a large 14,504 square foot double lot zoned R3, the property provides on-site parking (with the soft-story seismic retrofit already completed), a lushly landscaped courtyard setting, a convenient on-site laundry facility, a brand new roof, and is separately metered for utilities. The unit mix consists of 12 one-bedroom/one-bath units, 4 two-bedroom/two-bath units, and 2 three-bedroom/two-bath 2-story townhome-style units. Current rents average approximately $2.84 per square foot, leaving a significant amount of upside for an investor to capture through strategic management. Properties of this size and scale are rarely available for sale in Brentwood, making this a generational opportunity to establish a meaningful rental footprint in one of Los Angeles' most supply-constrained and desirable neighborhoods. The location is truly unmatched just steps from the fine dining, high-end
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl
Fireplace No
Building
New Construction No
Others
Tax ID 4265012034
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Listed by Jonathan Taksa • Remax Commercial and Investment Realty