Kenny Stevens Team is pleased to present our latest value-add offering in the heart of Brentwood, a highly-desirable West Los Angeles rental market under constant demand by high-income young professionals. Located one block North of Wilshire Blvd, 11915 Goshen offers a short commute to some of the Westside’s most popular and trendy hotspots. This value-add property features eight units currently generating approx. $15,0000+ in gross monthly rental income with approx. 23% rental upside compared to renovated units in the area. Averaging approx. 700 SF, several of these bright and spacious units feature wood flooring, large wood-burning fireplaces, high-grade custom granite work in the kitchen and bathroom, and both a front and a back patio. Additional property amenities include a community laundry room, approx. 8 covered parking spaces and seismic retrofitting has been completed.
8 Units in Brentwood w/ 23% Upside in Rents
11915 Goshen Avenue, Brentwood
Property Details
Price $3,400,000
Year Built 1958
# of Units 8
Price P/ Unit $425,000
Sq. ft. 5,639 SF
Price p/ Sq. ft. $603
Current Cap Rate 3.51%
Proforma Cap Rate 4.73%
Lot Size 7,875 SF
Zoning LAR3