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2825 S Sepulveda Blvd, Los Angeles, CA 90064
$4,150,000
2825 S Sepulveda Blvd, Los Angeles, CA 90064View this property at 2825 S Sepulveda Blvd, Los Angeles, CA 90064
2825 S Sepulveda BlvdLos AngelesCA90064
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Property Description
Prime West LA location and excellent value-add opportunity! This 18-unit Palms multifamily asset offers savvy investors significant upside potential through its unique layout, below-market rents, and ADU development options. Acquired by a university focused on academics rather than profits, this property has been undermanaged for years. As a result, at least 4 units will be delivered vacant a major advantage in rent-controlled Los Angeles. Bring your expertise to unlock immense value by increasing rents to market rates. With an ideal mix of 4 bachelors*, 10 one-bedrooms, 4 two-bedrooms, and 1 three-bedroom unit (*1 non-conforming bachelor) the property caters perfectly to LA's high demand for studios and one-bedrooms. The 3 garages present a low-cost, high-reward ADU conversion opportunity. Adding 2x 207 sq ft units at $1,750 per month each could provide over $600,000 in additional property value! Explore options to optimize and improve. This boutique 10,860 sq ft building includes desirable amenities like abundant parking and sits on a spacious 15,140 sq ft lot. The prime Palms location provides walkable access to restaurants, shopping, entertainment, and quick freeway access. LA's strong multifamily fundamentals, with rising population and shrinking household sizes, further enhance the opportunity. Don't miss this rare chance to acquire an underperforming property primed for optimization to its full potential. Bring your vision to unlock immense upside in the heart of desirable West LA!
Full Property Details
Full Property Details for 2825 S Sepulveda Blvd
General
- Sold For: $4,150,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-321599
- Added to Site: 216 day(s) ago
Interior
- Cooking Appliances: Oven, Range, Cooktop - Gas
- Flooring: Laminate, Carpet, Linoleum
Rooms
Bathrooms
- Total Bathrooms: 20
Bedrooms
- Total Bedrooms: 27
Additional Information
- Security/Safety: Resident Manager
- Other Features: None
Parking
- Garage: Yes
- Garage Spaces: 3
- Covered Spaces: 10
- Garage Description: Carport, RV Possible, Garage - 1 Car
Location
- Area: West L.A.
- County: Los Angeles
- Driving Directions: 10 Freeway going west, exit #4 to Overland Ave, to National Blvd, turn right onto S Sepulveda Blvd.
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Utilities
- Sewer: In Street
- Water: Public
Structural Information
- # Buildings: 1
- Roof: Flat
- Common Walls: Attached
- Stories/Levels: 2
- Square Feet: 10,860
- Sq. Ft. Source: Assessor
- Year Built: 1958
- Year Built Source: Assessor
Unit Information
- Units in Complex: 18
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.3476
- Lot Size: 15140
- Lot Size Source: Assessor
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $459.94
- Assessment Year: 1958
- Tenant Pays: Electricity, Gas
Disclosures and Reports
- Disclosures/Reports: Other
- APN: 4251-002-006
Listed and Sold by MW Real Estate, C. Wolf Baschung
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Schools
Schools serving 2825 S Sepulveda Blvd
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
11020 Clover Ave, Los Angeles, CA 90034 | K-5 | 0.3 mi | |
11330 Graham Pl, Los Angeles, CA 90064 | 6-8 | 0.3 mi | |
11800 Texas Ave, Los Angeles, CA 90025 | 9-12 | 2.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2825 S Sepulveda Blvd
Date
Details
Price
Change
Source
1/02/2024
Sold
$4,150,000
-16.92%
MLS
10/14/2023
Listed
$4,995,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2825 S Sepulveda Blvd, Los Angeles, CA 90064 (MLS# 23-321599) is a Multi-Family property that was sold at $4,150,000 on January 02, 2024. Want to learn more about 2825 S Sepulveda Blvd? Do you have questions about finding other Multi-Family real estate for sale in West Los Angeles? You can browse all West Los Angeles real estate or contact a Coldwell Banker agent to request more information.