Property Details

Price $3,195,000

Year Built 1933

# of Units 10

Price P/ Unit $319,500

Sq. ft. 4,872 SF

Price p/ Sq. ft. $656

Current Cap Rate 2.75%

Proforma Cap Rate 5.65%

Lot Size 7,000 SF

Zoning LAR3

1411 Federal Avenue
Los Angeles, CA 90025

About the Property

Well-maintained property in a prime West Los Angeles location, two blocks east of Barrington Avenue and just south of Wilshire Boulevard. Minutes from Brentwood, Santa Monica, Westwood, and Century City. Excellent unit mix, comprised of (2) 2-bdrm. and 1 bath units, (4) 1-bdrm. and 1 bath units and (4) studio units. Tremendous rental upside, approx. 60% upside in rents compared to renovated units in the area. Property features a new roof install approx. 10 years ago and approx. 6 parking spaces. Two blocks south of the METRO Purple Line subway extension located at Federal Avenue and Wilshire Boulevard (estimated completion by 2027).

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