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Key Details
Sold Price $4,825,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,901 sqft
Price per Sqft $542
MLS Listing ID 23331951
Sold Date 03/21/24
Bedrooms 17
HOA Y/N No
Year Built 1986
Lot Size 6,690 Sqft
Property Description
A nine-unit investment opportunity in a premier Brentwood location at 11675 Darlington Ave, just off of S Barrington Ave and steps to San Vicente Blvd; a location that attracts high-end renters with nearby amenities in a submarket with consistent rental growth and appreciation. The subject property was built in 1986 and is not subject to the Los Angeles Rent Stabilization Ordinance; the building features all two-bedroom units with spacious layouts (approximately 1,100 SF); there is gated parking in the rear with two spaces per unit; one third-floor unit will be delivered vacant at the close of escrow. 11675 Darlington Ave has been well-maintained throughout the years with minimal deferred maintenance required for the systems and exterior, although significant rental upside can be achieved through in-unit renovations such as stainless steel appliances, custom bathrooms and kitchens, and the addition of laundry (buyer to verify); the majority of the units have been lightly renovated and currently feature recessed lighting, hardwood floors, vaulted ceilings for two of the third floor units, and balconies for six of the units. There is a secure entrance with intercom access and professional landscaping at the front of the building; gas and electric are separately metered; there is one washer and one dryer leased with Wash. Ideal location for renters to commute to major employment locations such as Santa Monica, Westwood, Century City, Beverly Hills, Culver City and West Los Angeles; less than two miles from the West LA VA Medical Center. Rare opportunity to purchase an A+ Brentwood location that is not subject to the LA RSO with immediate rental upside and long-term appreciation potential
Location
State CA
County Los Angeles
Area C06 - Brentwood
Zoning LAR3
Interior
Heating Natural Gas
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Gated
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 4265006001
Special Listing Condition Standard
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Bought with Neema Ahadian • Marcus & Millichap
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Chi Hye Williams
Broker Associate | License ID: 01912994
Broker Associate License ID: 01912994