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Property Description

PRICE IS FOR TWO PROPERTIES. 11942 & 11948 Darlington Avenue is a generational multifamily investment opportunity in the heart of LA’s famed community of Brentwood. Consisting of 2 properties each with their own APN, the buildings boast an ideal unit mix consisting of mostly large 2 bedroom, 3 bedroom and 4 bedroom units. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light. Current ownership has invested significant capital into the properties and the majority of the units have been remodeled. The incredible unit mix includes (1) two story 4-bed, 2.5-bath unit, (1) 3-bed, 2 bath unit, (3) 2-bed, 2 bath units, (4) 2-bed, 1.75 bath units, (3) 1-bed, 1 bath units, and (1) efficiency unit. These are trophy assets in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking as well as on-site laundry facilities. Additionally, a large storage room has city approved plans for an approximate 429 square foot ADU that when built could increase gross income by over $30,000 annually (Buyer to verify). A quick stroll to the high-end dining on San Vicente 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.

Features
: Central, Wall Furnace
: Wall/window Unit(s)
2
0
Additional Information
Remax Commercial and Investment Realty
0
CLW-X90025
CLW-X7538301
Jonathan
4265009055
: Standard
Multi/Split
32

Multi-Family For Sale

11942 Darlington Avenue, Los Angeles, California 90049

14,456 Sqft
$8,475,000
Listing ID #24389415
Basic Details
Status : Active
DaysOnMarket : 125
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24389415
Price : $8,475,000
Living Area : 14,456 Sqft
Lot Size : 14,702 Sqft
Year Built : 1967
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90049
Price Per Square Foot : $586
ModificationTimestamp : 2024-09-10 08:38:08
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