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1830 Greenfield Ave
Los Angeles, CA 90025
JUST REDUCED: Rare 24 Units Near Century City · Multifamily Property For Sale
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24 Units


Investment Highlights
- Incredible West Los Angeles location
- Significant rental upside
- Opportunity to add several ADUs (Buyer to verify): 2 large vacant spaces each with a bathroom and kitchen/plumbing
- Excellent unit mix of large 1 and 2-bedroom floor plans
- Charming courtyard setting with fountain
Executive Summary
INCREDIBLE PRICE OPPORTUNITY NEAR CENTURY CITY. Jonathan Taksa of Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a rare 24-unit multi-family investment opportunity ideally located in the heart of LA’s vibrant Westside.
1830 Greenfield Avenue, built in 1963 and positioned along a lovely tree lined street, boasts an ideal unit mix consisting of large 1-bedroom and 2-bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. The unit mix includes (11) 2-bed, 2-bath units and (13) 1-bed, 1-bath units, and there is significant rental upside in the rents. The property features an idyllic courtyard setting with a fountain, a large lobby, ample parking, and an on-site laundry facility. Owned by the same family for several decades, this trophy asset is situated in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.
Additionally, not figured in the number of units or income is a "25th" unit that is a large vacant space with a bathroom and kitchen (perfect ADU). Also, there is an additional approximately 1,000 SF vacant space.
In close proximity to the high-end dining and nightlife of Century City and Brentwood, this rare offering presents an astute investor with the unique opportunity to establish a significant rental footprint in West LA and to capitalize on higher market rents in one of the best rental locations in all of Los Angeles.
1830 Greenfield Avenue, built in 1963 and positioned along a lovely tree lined street, boasts an ideal unit mix consisting of large 1-bedroom and 2-bedroom units. Each of these units is spacious, has a terrific floor plan, and offers an abundance of natural light. The unit mix includes (11) 2-bed, 2-bath units and (13) 1-bed, 1-bath units, and there is significant rental upside in the rents. The property features an idyllic courtyard setting with a fountain, a large lobby, ample parking, and an on-site laundry facility. Owned by the same family for several decades, this trophy asset is situated in an undeniably attractive location that will surely pay long-term dividends to a savvy investor.
Additionally, not figured in the number of units or income is a "25th" unit that is a large vacant space with a bathroom and kitchen (perfect ADU). Also, there is an additional approximately 1,000 SF vacant space.
In close proximity to the high-end dining and nightlife of Century City and Brentwood, this rare offering presents an astute investor with the unique opportunity to establish a significant rental footprint in West LA and to capitalize on higher market rents in one of the best rental locations in all of Los Angeles.
Property Facts
| Price Per Unit | $481,377 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 5.38% | Building Size | 24,746 SF |
| Gross Rent Multiplier | 11.8 | Average Occupancy | 100% |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 - Multiple Residential | ||
| Price Per Unit | $481,377 CAD |
| Sale Type | Investment |
| Cap Rate | 5.38% |
| Gross Rent Multiplier | 11.8 |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 24,746 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | LAR3 - Multiple Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Storage Space
- Heating
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Dining Room
- Family Room
- Freezer
- Pantry
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Spa
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 11 | - | 1,100 |
| 1+1 | 13 | - | 750 |
Property Taxes
| Parcel Number | 4323-012-039 | Improvements Assessment | $783,542 CAD |
| Land Assessment | $484,798 CAD | Total Assessment | $1,268,340 CAD |
Property Taxes
Parcel Number
4323-012-039
Land Assessment
$484,798 CAD
Improvements Assessment
$783,542 CAD
Total Assessment
$1,268,340 CAD
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