Property Details

Price $3,600,000

Year Built 1958

# of Units 8

Price P/ Unit $450,000

Sq. ft. 5,639 SF

Price p/ Sq. ft. $638

Current Cap Rate 3.08%

Proforma Cap Rate 4.54%

Lot Size 7,875 SF

Zoning LAR3

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About the Property

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. 30% 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.

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