$3,700,000
SOLD APR 8, 2025
12 Beds
12 Baths
7,994 Sq Ft
7,579 Sq Ft Lot

Recently Sold

$463 Per Sq Ft

7% Below List Price

18 Days on Market

About This Home

As of April 2025

Located in the heart of West Los Angeles, adjacent to Century City, 1812 Westholme Ave is a well-maintained 12-unit multifamily property offering both stability and significant upside potential. Built in 1968, the property consists of (10) one-bedroom, one-bathroom units and (2) studio units. Recent capital improvements include a completed seismic retrofit and brand-new electric subpanels, ensuring long-term durability and compliance. The property will be delivered with three vacant units, providing immediate value-add potential. This asset presents an exceptional opportunity for long-term investors, featuring a secured entry, ample on-site parking, and an on-site laundry facility. Several units have been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly attractive to tenants. Strategically positioned just moments from Century City Mall, 1812 Westholme Ave offers unparalleled access to premier shopping, dining, entertainment, and major employment centers. With strong in-place income, significant rental appreciation potential, and a desirable tenant base, this property is a rare chance to acquire a prime, income-generating asset in one of Los Angeles' most sought-after neighborhoods.

Last Agent to Sell the Property

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 02/13/2025

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 02/13/2025

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Interior Spaces

  • 7,994 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 12 Bathrooms

Parking

  • 12 Parking Spaces
  • On-Street Parking

Additional Features

  • 7,579 Sq Ft Lot
  • Heating Available

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 4317-004-021

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 7994
  • Lot Acreage: 0.1721
  • Probate: No
  • Stories: 2
  • Year Built: 1968
  • Number Of Photos: 30
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 12
  • Total Bathrooms: 12.00
  • Price Per S Q F T: 499.75

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Above Street Level
  • Total Parking: 12

Utilities

  • Cooling: Air Conditioning
  • Heating: Electric

Lot Info

  • Assessed Improvement Percent: 55.22
  • Assessed Improvement Value: 427404
  • Assessed Land Percent: 44.78
  • Assessed Land Value: 346541
  • Total Assessed Value: 773945
  • Assessor Parcel Number: 4317-004-021
  • Lot Size Area: 7579

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 13.97
  • Number Of Units: 12
  • Total Annual Expense: 95917
  • Type Of Units: 1's & Studio
  • Vacancy Rate: 25%

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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
07/01/2025 07/01/25 Price Changed $2,395 +9.1% $3 / Sq Ft
05/28/2025 05/28/25 Price Changed $2,195 +29.5% $3 / Sq Ft
05/21/2025 05/21/25 Price Changed $1,695 -5.6% $2 / Sq Ft
05/06/2025 05/06/25 Price Changed $1,795 -5.5% $2 / Sq Ft
05/02/2025 05/02/25 For Rent $1,900 0.0% --
04/08/2025 04/08/25 Sold $3,700,000 0.0% $463 / Sq Ft
03/05/2025 03/05/25 Off Market $1,900 -- --
03/03/2025 03/03/25 Pending -- -- --
02/13/2025 02/13/25 For Sale $3,995,000 0.0% $500 / Sq Ft
02/11/2025 02/11/25 For Rent $1,900 0.0% --
02/10/2025 02/10/25 Off Market $1,900 -- --
10/31/2024 10/31/24 Price Changed $1,900 +5.6% $3 / Sq Ft
10/31/2024 10/31/24 For Rent $1,800 0.0% --
08/08/2023 08/08/23 For Rent $1,800 0.0% --
07/06/2023 07/06/23 Price Changed $1,800 -24.8% $2 / Sq Ft
07/05/2023 07/05/23 For Rent $2,395 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25498139

The MLS