1309 Amherst Ave

Los Angeles, CA 90025

$15,200,000
Last Sold Price
40
Beds
40
Baths
26,155 Sq. Ft.
$581 / Sq. Ft.
26,155
Sq. Ft.
$581
per Sq. Ft.

Description

1309 Amherst Avenue is a rare multifamily investment opportunity in the heart of LA's vibrant Westside. Consisting of 28 units surrounding a beautifully landscaped and serene courtyard setting, the building boasts an ideal unit mix consisting of mostly large 1 bedroom & 2 bedroom units. Each of these units is extremely spacious, has a terrific floor plan, and offer an abundance of natural light. Current ownership has invested significant capital into the property and 20 of the 28 units have been...1309 Amherst Avenue is a rare multifamily investment opportunity in the heart of LA's vibrant Westside. Consisting of 28 units surrounding a beautifully landscaped and serene courtyard setting, the building boasts an ideal unit mix consisting of mostly large 1 bedroom & 2 bedroom units. Each of these units is extremely spacious, has a terrific floor plan, and offer an abundance of natural light. Current ownership has invested significant capital into the property and 20 of the 28 units have been remodeled. The unit mix includes (12) 2-bed, 2-bath units, (15) 1-bed, 1-bath units, and (1) efficiency unit. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking for 47 cars , copper plumbing, controlled access entry, an 11 camera video surveillance system, and an on-site laundry facility. All soft story seismic retrofitting has been completed by ownership. A quick walk to the high-end dining and nightlife on Wilshire Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.
  1. Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 1309 Amherst Avenue

Zoning
LAR3
Parcel Number
4263026028
Total Units
28.0
Living Area
26155
Source Living Area
Assessor
Area
West Los Angeles (WLA)
Vacancy Rate
0%
Lot Size Area
21784
LISTING UPDATED: 04/01/2022 04:56 PM

Property Details for 1309 Amherst Avenue

StatusSold
MLS #22-117203
Days on Market21
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.50 AC / 21,784 SF
CountyLos Angeles County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

Sold By Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

Add your commute

Building Information for 1309 Amherst Avenue

Stories2Residences-Year Built1972Building Size-Lot Size0.50 AC / 21,784 SF

Payment Calculator

$95,748 per month

30 year fixed, 6.845% Interest

Principal and Interest

$79,639

Property Taxes

$16,109

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1309 Amherst Avenue

Community / Development
Community / Development
  • Number Of Units: 28
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: E,1s,2s
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $724,121
  • Net Operating Income: $406,513.00
  • Gross Income: $740,532
  • Gross Rent Multiplier: $20.97
  • Total Annual Expense: 317608
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.5016
  • Lot Size Square Feet: 21784
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 47
  • Parking Features: Assigned
Interior Features
Interior Features
  • Fireplace Features: Den
  • Fireplace Rooms: Den
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Air Conditioning, Window Unit(s), Wall/Window
  • Heating Type: Other
  • Equipment: Garbage Disposal, Microwave
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-10-2022
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,649.00
  • Unit Actual Rent: $1,649.00
  • Unit Projected Rent: $1,895.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,046.00
  • Unit Actual Rent: $30,692.00
  • Unit Projected Rent: $37,425.00
  • Like Units: 15
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,448.00
  • Unit Actual Rent: $29,370.00
  • Unit Projected Rent: $37,140.00
  • Like Units: 12
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $3,357,492.00
  • Assessed Improvement Percent: 29.97
  • Assessed Land Value: $7,846,910.00
  • Assessed Land Percent: 70.03
  • Assessed Total Value: $11,204,402.00

Property History for 1309 Amherst Avenue

DateEvent & SourcePriceAppreciation
Apr 1, 2022

Sold

CLAW #22-117203

$15,200,000—
Apr 1, 2022

Sold

CRMLS #22117203

$15,200,000—
Mar 22, 2022

Sold (Public Record)

Public Record #1486861181

$15,200,000

+6.1% / yr

Feb 18, 2022

Pending

CRMLS #22117203

—
Jan 31, 2022

Pending

CLAW #22-117203

—
Jan 31, 2022

Accepting Backup Offers

CRMLS #22117203

—
Jan 31, 2022

Accepting Backup Offers

CLAW #22-117203

—
Jan 10, 2022

Listed (Active)

CRMLS #22117203

$15,650,000—
Jan 10, 2022

Listed (Active)

CLAW #22-117203

$15,650,000—
Aug 5, 2015

Sold (Public Record)

Public Record #553962432

$10,245,000—
DateEvent & SourcePrice
04/01/2022

Sold

CLAW #22-117203

$15,200,000
04/01/2022

Sold

CRMLS #22117203

$15,200,000
03/22/2022

Sold (Public Record)

Public Record #1486861181

$15,200,000

+6.1% / yr

02/18/2022

Pending

CRMLS #22117203

—
01/31/2022

Pending

CLAW #22-117203

—
01/31/2022

Accepting Backup Offers

CRMLS #22117203

—
01/31/2022

Accepting Backup Offers

CLAW #22-117203

—
01/10/2022

Listed (Active)

CRMLS #22117203

$15,650,000
01/10/2022

Listed (Active)

CLAW #22-117203

$15,650,000
08/05/2015

Sold (Public Record)

Public Record #553962432

$10,245,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1309 Amherst Avenue

Taxable ValueLand$11,069,856Additions$4,754,674Total$15,824,530
Tax Record2024$193,310 ($16,109 / month)
Home Facts
Total Finished SqFt26,155 SqFtAbove Grade Finished SqFt26,155 SqFtLot Size21,784 SqFtStyleMulti-Family Res (5+ Units)Year Built1972ZoningLAR3CountyLOS ANGELESAPN4263-026-028

Schools near 1309 Amherst Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Charter - 9 to 12
Charter - K to 8
Rating
School
Distance
Brockton Avenue Elementary School
PublicK to 5

Emerson Community Charter School
Charter6 to 8

University Senior High School Charter
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.