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Prime West LA/Sawtelle Location 11565 Iowa Ave 3 Unité Immeuble d’appartements 2 519 293 $ CAD (839 764 $ CAD/Unité) 4,81% Taux de capitalisation Los Angeles, CA 90025
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Faits saillants de l'investissement
- Prime West LA/Sawtelle Location: Steps from Sawtelle Japantown's acclaimed dining corridor and adjacent to Santa Monica.
- Fully Permitted ADU Conversion: Garage converted to legal ADU under California AB 494/SB 229 with Certificate of Occupancy issued April 2022.
- Entry-Level Westside Investment: At $1,850,000, the property offers access to a prime West LA location below the $5M ULA threshold.
- Renovated Turnkey Condition: Comprehensive 2022 renovation includes modern finishes, in-unit washer/dryer in all three units, and central air/heat.
- Desirable All Two-Bedroom Unit Mix: Three 2BR/2BA units represent the most sought-after configuration in the West LA rental market.
Résumé de l'annonce
The LAAA Team of Marcus & Millichap is pleased to present 11565 Iowa Avenue, a renovated three-unit multifamily investment offering turnkey condition, a fully permitted ADU, in West LA's highly desirable Sawtelle neighborhood. Situated steps from the celebrated Sawtelle Japantown dining district and moments from Santa Monica, the property appeals to both investors seeking a stabilized asset in a premier location and owner-users looking to live in one unit while generating rental income from the remaining two.
Originally constructed in 1928, the property was comprehensively renovated in 2022 and includes a garage-to-ADU conversion completed under permit with Certificate of Occupancy issued April 2022. The property totals approximately 2,192 rentable square feet across three two bedroom units, each featuring modern finishes, in-unit washer/dryer, and central air conditioning. The garage conversion to ADU means the property offers no on-site parking, though street parking is readily available on this quiet residential street. The current owner has maintained the property in excellent condition with scheduled rents of $121,140 annually, reflecting a 4.81% cap rate at the $1,850,000 asking price.
The property is fully occupied and stabilized, providing immediate, consistent cash flow and long-term income stability for an investor. The all two-bedroom unit mix represents the most desirable configuration for the West LA rental market, where strong demographics—including 71.8% renter households and a $104,627 median household income, support consistent tenant demand and rental rate stability.
Originally constructed in 1928, the property was comprehensively renovated in 2022 and includes a garage-to-ADU conversion completed under permit with Certificate of Occupancy issued April 2022. The property totals approximately 2,192 rentable square feet across three two bedroom units, each featuring modern finishes, in-unit washer/dryer, and central air conditioning. The garage conversion to ADU means the property offers no on-site parking, though street parking is readily available on this quiet residential street. The current owner has maintained the property in excellent condition with scheduled rents of $121,140 annually, reflecting a 4.81% cap rate at the $1,850,000 asking price.
The property is fully occupied and stabilized, providing immediate, consistent cash flow and long-term income stability for an investor. The all two-bedroom unit mix represents the most desirable configuration for the West LA rental market, where strong demographics—including 71.8% renter households and a $104,627 median household income, support consistent tenant demand and rental rate stability.
Faits sur la propriété
| Prix | 2 519 293 $ CAD | Sous-type de propriété | Appartement |
| Prix par unité | 839 764 $ CAD | Style d’appartement | De faible hauteur |
| Type de vente | Investissement | Classe d’immeuble | C |
| Taux de capitalisation | 4,81% | Taille du bâtiment | 2 182 pi² |
| Multiplicateur du loyer brut | 15.27 | Occupation moyenne | 100% |
| Nombre d’unités | 3 | Nombre d’étages | 2 |
| Type de propriété | Immeuble residentiel | Année de construction/rénovation | 1928/2022 |
| Zonage | - | ||
| Prix | 2 519 293 $ CAD |
| Prix par unité | 839 764 $ CAD |
| Type de vente | Investissement |
| Taux de capitalisation | 4,81% |
| Multiplicateur du loyer brut | 15.27 |
| Nombre d’unités | 3 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Taille du bâtiment | 2 182 pi² |
| Occupation moyenne | 100% |
| Nombre d’étages | 2 |
| Année de construction/rénovation | 1928/2022 |
| Zonage | - |
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 1 | - | 672 - 825 |
| 2+2 | 2 | - | 694 |
Walk Score®
Très pratique à pied (76)
Bike Score®
Très cyclable (82)
Impôts fonciers
| Numéro de lot | 4261-013-022 | Évaluation des bâtiments | 369 983 $ CAD |
| Évaluation du terrain | 1 479 934 $ CAD | Évaluation totale | 1 849 917 $ CAD |
Impôts fonciers
Numéro de lot
4261-013-022
Évaluation du terrain
1 479 934 $ CAD
Évaluation des bâtiments
369 983 $ CAD
Évaluation totale
1 849 917 $ CAD
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Prime West LA/Sawtelle Location | 11565 Iowa Ave
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