1830 Greenfield Avenue

Los Angeles, CA 90025

$9,250,000
Price
35
Beds
35
Baths
24,746 Sq. Ft.
$374 / Sq. Ft.
24,746
Sq. Ft.
$374
per Sq. Ft.

Description

We are 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 (12) 2-bed, 2-bath units and(12) 1-bed, 1-bath units, and there is significant...We are 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 (12) 2-bed, 2-bath units and(12) 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. In close proximity to the high-end dining and nightlife of Century City andBrentwood, 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.
  1. Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 1830 Greenfield Avenue

Zoning
LAR3
Parcel Number
4323012039
Total Units
24.0
Living Area
24746
Source Living Area
Vendor Enhanced
Area
Westwood - Century City (C05)
Vacancy Rate
3%
Lot Size Area
19851
LISTING UPDATED: 10/01/2024 12:01 AM

Property Details for 1830 Greenfield Avenue

StatusActive
MLS #24-443537
Days on Market54
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.46 AC / 19,851 SF
CountyLos Angeles County

Building Information for 1830 Greenfield Avenue

Stories2Residences-Year Built1963Building Size-Lot Size0.46 AC / 19,851 SF

Property Information for 1830 Greenfield Avenue

Community / Development
Community / Development
  • Number Of Units: 24
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2s,1s
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $672,900
  • Net Operating Income: $415,386.00
  • Gross Income: $667,908
  • Cap Rate: 4.49%
  • Gross Rent Multiplier: $13.75
  • Total Annual Expense: 237477
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.4557
  • Lot Size Square Feet: 19851
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 36
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Pool House
Lease Terms
Lease Terms
  • Entry Date: 09-23-2024
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,558.00
  • Unit Actual Rent: $28,136.00
  • Unit Projected Rent: $36,850.00
  • Like Units: 11
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,117.00
  • Unit Actual Rent: $27,523.00
  • Unit Projected Rent: $32,435.00
  • Like Units: 13
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $540,811.00
  • Assessed Improvement Percent: 61.78
  • Assessed Land Value: $334,614.00
  • Assessed Land Percent: 38.22
  • Assessed Total Value: $875,425.00

Property History for 1830 Greenfield Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1830 Greenfield Avenue

Taxable ValueLand$341,306Additions$561,227Total$902,533
Tax Record2024$14,106 ($1,175 / month)
Home Facts
Total Finished SqFt24,746 SqFtAbove Grade Finished SqFt24,746 SqFtLot Size19,846 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningLAR3CountyLOS ANGELESAPN4323-012-039

Schools near 1830 Greenfield Avenue

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

Daniel Webster Middle School
Public6 to 8

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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1830 Greenfield Avenue is a multi-family home for sale in Los Angeles, CA 90025. This property was listed for sale on September 23, 2024 by Remax Commercial and Investment Realty, it's currently listed at $9,250,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Westwood Charter Elementary School, Daniel Webster Middle School and Emerson Community Charter School. 1830 Greenfield Avenue is a 35-bed, 35-bath, 24,746 sqft multi-family home built in 1963.

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.