$7,500,000
PENDING $800K PRICE DROP

1615 Greenfield Ave Los Angeles, CA 90025

Westwood Neighborhood

Estimated payment $47,459/month

Total Views 1,364
32 Beds
25 Baths
18,385 Sq Ft
$408 Price per Sq Ft

Highlights

  • City View
  • Fairburn Avenue Elementary Rated A
  • 25 Car Garage

About This Home

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.

Listing Agent

tony azzi

Tony Azzi License #00910513 Listed on: 06/04/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Interior Spaces

  • 18,385 Sq Ft Home
  • 3-Story Property
  • City Views

Bedrooms and Bathrooms

  • 32 Bedrooms
  • 25 Bathrooms

Parking

  • 25 Car Garage
  • Driveway

Additional Features

  • 0.33 Acre Lot
  • City Lot

Community Details

  • 14 Units
  • Vacancy Allowance $34,819

Listing and Financial Details

  • Assessor Parcel Number 4324-031-034

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Advertising Remarks: Located in a walkable, high-demand pocket of West LA, 1615 Greenfield Ave is 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, secure entry, and dedicated parking - key amenities in this dense rental market. With current rents below market, the property offers significant upside through interior renovations and common area upgrades. Utilities include separately metered electric and master-metered water and gas (used for central water heating), and the asset operates under fee simple ownership. This is a strong long-term investment with stable cash flow and appreciation potential in one of LA's most supply-constrained and resilient rental submarkets.
  • Living Area: 18385
  • Lot Acreage: 0.3280
  • Stories: 3
  • Year Built: 1962
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 32
  • Total Bathrooms: 25.00
  • Price Per S Q F T: 407.94

Exterior Features

  • Other Structures: None
  • View: City
  • View: Yes

Garage/Parking

  • Parking Garage: Garage, Garage - 1 Car, Driveway
  • Total Parking: 25

Lot Info

  • Assessed Improvement Percent: 64.88
  • Assessed Improvement Value: 657477
  • Assessed Land Percent: 35.12
  • Assessed Land Value: 355822
  • Total Assessed Value: 1013299
  • Assessor Parcel Number: 4324-031-034
  • Lot Location: City
  • Lot Size Area: 14284

Rental Info

  • Total Actual Rent: 58031.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 10.77
  • Number Of Units: 14
  • Total Annual Expense: 222945
  • Type Of Units: Standard
  • Vacancy Allow: 34819
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 3

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
09/08/2025 09/08/25 Pending -- -- --
08/15/2025 08/15/25 Price Changed $7,500,000 -9.6% $408 / Sq Ft
06/04/2025 06/04/25 For Sale $8,300,000 -- $451 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25554831

The MLS
California Los Angeles County Los Angeles 90024 Westwood

1615 Greenfield Ave, Los Angeles, CA

This home is located at 1615 Greenfield Ave, Los Angeles, CA 90025 and is currently priced at $7,500,000, approximately $407 per square foot. This property was built in 1962. 1615 Greenfield Ave is a home located in Los Angeles County with nearby schools including Nora Sterry Elementary School, Fairburn Avenue Elementary, and Westwood Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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tony azzi
Listing Agent
tony azzi
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Tony Azzi
(310) 909-5454