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1755 Granville Ave 19 Unit Apartment Building $7,962,240 CAD ($419,065 CAD/Unit) Los Angeles, CA 90025
Investment Highlights
- The Offering presents a rare opportunity for investors to acquire three well-located West LA apartment buildings either together or separately.
- Submarket comprises several of L.A.’s premier office nodes, some of the nation’s most desirable residential real estate, and world-famous attractions.
- Fabulous West Los Angeles Dining and Retail Destinations.
Executive Summary
CBRE, as exclusive agent, is pleased to present an exceptional opportunity to acquire three apartment buildings strategically located in the highly desirable West Los Angeles submarket. Comprising a total of 49 units, the buildings are located at 1755 Granville Avenue (19 units), 1711 Granville Avenue (14 units),and 1810 Stoner Avenue (16 units). This portfolio offers a compelling value-add investment in a robust rental market.
The buildings may be purchased separately or together or in any combination.
1755 Granville: 11 of 19 units have been renovated, offering a projected rental upside of 19.76% upon completion of eight remaining units and the building exterior.
1711 Granville: 8 of 14 units and the exterior have been nicely renovated, with an estimated rental upside of 21.69% after renovating the six remaining units.
1810 Stoner: 6 of 16 units have been renovated, offering a projected rental upside of 22.46% upon completion of ten remaining units and the building exterior.
The staggered renovation statuses provide revenue enhancement potential through continued unit upgrades and market-rate rent increase adjustments.
The buildings may be purchased separately or together or in any combination.
1755 Granville: 11 of 19 units have been renovated, offering a projected rental upside of 19.76% upon completion of eight remaining units and the building exterior.
1711 Granville: 8 of 14 units and the exterior have been nicely renovated, with an estimated rental upside of 21.69% after renovating the six remaining units.
1810 Stoner: 6 of 16 units have been renovated, offering a projected rental upside of 22.46% upon completion of ten remaining units and the building exterior.
The staggered renovation statuses provide revenue enhancement potential through continued unit upgrades and market-rate rent increase adjustments.
Property Facts
| Price | $7,962,240 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $419,065 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| No. Units | 19 | Building Size | 19,668 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1966 |
| Zoning | LARD1.5 | ||
| Price | $7,962,240 CAD |
| Price Per Unit | $419,065 CAD |
| Sale Type | Investment |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 19,668 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 19 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4262-015-028 | Improvements Assessment | $3,947,930 CAD |
| Land Assessment | $5,941,209 CAD | Total Assessment | $9,889,138 CAD |
Property Taxes
Parcel Number
4262-015-028
Land Assessment
$5,941,209 CAD
Improvements Assessment
$3,947,930 CAD
Total Assessment
$9,889,138 CAD
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1755 Granville Ave
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