$3,700,000

Estimated payment $23,413/month

Total Views 495
9 Beds
10 Baths
6,776 Sq Ft
$546 Price per Sq Ft

Highlights

  • Gated Community
  • No HOA
  • Laundry Room
  • Braddock Drive Elementary School Rated A-
  • Subterranean Parking
  • Shed

About This Home

Rare investment opportunity in a convenient West LA location! Well-maintained 10-unit multifamily property built in 1987, consisting of nine 1-bedroom units and one studio unit. The property is fully gated, including 14 subterranean parking spaces and a spacious on-site laundry room.

Listing Agent

Mariko Artis

ADW Management USA, Inc. Brokerage Email: mariko.a@re-adworks.com License #02062257 Listed on: 09/04/2025

ADW Management USA, Inc.

Co-Listing Agent, Showing Contact

Tak Kida

Takeshi Kida Brokerage Email: mariko.a@re-adworks.com License #02096893

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 8,079 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,776 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 10 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 14 Parking Spaces
  • 14 Carport Spaces
  • Subterranean Parking
  • Parking Available

Additional Features

  • Shed
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 58
  • Tax Tract Number 1971
  • Assessor Parcel Number 4233019001
  • $1,288 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Building Details

  • 10 Leased Units
  • 11 Separate Electric Meters
  • 11 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,321
  • Fuel Expense $1,472
  • Gardener Expense $1,920
  • Insurance Expense $7,050
  • Maintenance Expense $6,000
  • Other Expense $1,000
  • Pest Control $564
  • Professional Management Expense $16,029
  • Trash Expense $6,800
  • Water Sewer Expense $7,780
  • New Taxes Expense $45,677
  • Operating Expense $95,612
  • Gross Income $275,409
  • Net Operating Income $171,535

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Listing Details

  • CapRate: 4.64
  • Price Per Unit: 370000
  • Professional Management Expense: 16029.00
  • Property Attached: Yes
  • Security: Gated Community
  • Water Sewer Expenses: 7780.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 1920.00
  • Parcel Number: 4233019001
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 546.04

Exterior Features

  • Other Structures: Shed(s)
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 14.00
  • Parking: Yes
  • Parking Features: Subterranean
  • Total Parking Spaces: 14.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 564.00
  • Sewer: Public Sewer
  • Trash Expense: 6800.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8079.00
  • Lot Size Acres: 0.1855

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 1321.00
  • Fuel Expense: 1472.00
  • Gross Income: 275409.00
  • Gross Multiplier: 13.43
  • Gross Operating Income: 267147.00
  • Gross Scheduled Income: 275409.00
  • Insurance Expense: 7050.00
  • Laundry Equipment Own Lease: Lease
  • Laundry Income: 3192.00
  • Lot Size Area: 8079.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 171535.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Operating Expense: 95612.00
  • Operating Expense Percent: 35.00
  • Other Expense: 1000.00
  • Other Expense Description: Reserve
  • Other Income1: 3600.00
  • Other Income Description: Parking Rent
  • Rent Control: No
  • Total Actual Rent: 20415.00
  • Total Expenses: 95612.00
  • Vacancy Allowance: 8262
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 45677.00
  • Tax Census Tract: 2752.00
  • Tax Lot: 58
  • Tax Tract Number: 1971
  • TaxOtherAnnualAssessmentAmount: 1288.13

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 For Sale $3,700,000 +6.5% $546 / Sq Ft
11/01/2018 11/01/18 Sold $3,475,000 -0.7% $513 / Sq Ft
10/02/2018 10/02/18 Pending -- -- --
09/13/2018 09/13/18 For Sale $3,500,000 0.0% $517 / Sq Ft
08/05/2018 08/05/18 Rented $2,450 0.0% --
08/05/2018 08/05/18 Under Contract -- -- --
07/30/2018 07/30/18 For Rent $2,450 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25192590

California Regional Multiple Listing Service (CRMLS)