NOT LISTED FOR SALE
14 Beds
17 Baths
8,952 Sq Ft
7,352 Sq Ft Lot

Last Sold July 19, 2024

Last sale price $3,760,000 $420 Per Sq Ft

221 Days on Market

Highlights

  • Subterranean Parking
  • Built-In Features
  • Central Heating and Cooling System
  • Richland Avenue Elementary Rated A-

About This Home

As of July 2024

We are pleased to present 2463 Sawtelle Boulevard, a 9-unit apartment building located in the prime rental submarket of West Los Angeles. Built in 1993, the property is not subject to LA City Rent Control (only subject to California State Rent Control). The building has an excellent unit mix consisting of (2) one-bedroom/one-bathroom units, (2) one-bedroom/two bathroom with office/den units, (3) two-bedroom/two-bathroom units, (1) two-bedroom/two bathroom with office/den unit and (1) two-bedroom/three-bathroom unit with office/den unit. The property features controlled access, subterranean secure gated parking with 16 spaces and an on-site laundry facility. The units feature fireplaces, central heat and air-conditioning with Nest Climate Control Systems, recessed lighting, skylights in office/den spaces, solid wood eco-friendly carbonized bamboo flooring, dishwashers, stainless steel and black stainless-steel appliances and bathrooms with tiled roman tubs (select units) and showers (one large unit has a custom Japanese soaking tub). All units with multiple bedrooms feature bedrooms with en-suite baths. All second-floor units feature large multi-story split-level layouts with New York style live-work spaces which feature vaulted double height ceilings with loft space on the second floor that can be used as an additional bedroom, office or den. These top-level units also feature balconies and large 11x13 patio decks facing north which can be used for barbecuing, fitness equipment and/or home gardens. These units are excellent for prospective tenants looking for family living with office/ workspace. The 8,952 sf building sits on a 7,350 sf lot that is LAR3 zoned.2463 Sawtelle Boulevard boasts a Walk Score of 85 as it is just a short walk to coffee shops, cafes, restaurants and retail along both Pico Boulevard and the trendy strip of Sawtelle Boulevard known as Sawtelle Japantown located just a few blocks to the north. The property is conveniently located near the 10 and 405 freeways providing easy access to Santa Monica/Venice, Downtown Los Angeles, San Fernando Valley and South Bay. The property is also just 1 block from the Sepulveda Expo Line Station offering a viable public transportation option for tenants commuting westbound to Santa Monica or eastbound to Culver City, USC, Downtown Los Angeles and beyond.

Last Agent to Sell the Property

Matthew Ziegler

Marcus & Millichap License #01280909 Listed on: 05/02/2024

Last Buyer's Agent

Matthew Ziegler

Marcus & Millichap License #01280909 Listed on: 05/02/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • 7,352

Home Design

  • Split Level Home

Interior Spaces

  • 8,952 Sq Ft Home
  • 3-Story Property
  • Built-In Features

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 17 Bathrooms

Parking

  • 16 Parking Spaces
  • Subterranean Parking
  • Private Parking

Additional Features

  • 7,352 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 9 Units

Listing and Financial Details

  • Assessor Parcel Number 4260-040-039

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 8952
  • Lot Acreage: 0.1688
  • Stories: 3
  • Year Built: 1993
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 14
  • Total Bathrooms: 17.00
  • Equipment: Dishwasher, Garbage Disposal, Built-Ins, Range/Oven, Refrigerator, Microwave
  • Price Per S Q F T: 592.05

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Private, Subterranean, Covered Parking
  • Total Parking: 16

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Percent: 91.90
  • Assessed Improvement Value: 1083138
  • Assessed Land Percent: 8.1
  • Assessed Land Value: 95469
  • Total Assessed Value: 1178607
  • Assessor Parcel Number: 4260-040-039
  • Lot Size Area: 7352

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.53
  • Number Of Units: 9
  • Total Annual Expense: 117028
  • Type Of Units: Apartments
  • Vacancy Rate: 3%

Range of Values:

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Average Value
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Sold Price
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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
07/19/2024 07/19/24 Sold $3,760,000 -29.1% $420 / Sq Ft
07/19/2024 07/19/24 Pending -- -- --
05/02/2024 05/02/24 For Sale $5,300,000 +41.0% $592 / Sq Ft
02/07/2024 02/07/24 Off Market $3,760,000 -- --
12/11/2023 12/11/23 For Sale $5,300,000 -- $592 / Sq Ft
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: 23-338061

The MLS