6 huge units in the heart of Brentwood | 11948 Darlington Ave
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6 huge units in the heart of Brentwood 11948 Darlington Ave
6 Unit Block of Flats £3,152,055 (£525,342/Unit) Los Angeles, CA 90049
Investment Highlights
- Premier Brentwood location
- Majority of units luxuriously upgraded
- Soft story retrofit completed
- Incredible unit mix
- $304,681 spent on apartment renovations / $276,784 spent on common area renovations
- Close proximity to high end dining, retail and nightlife
Executive Summary
Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a generational multifamily investment opportunity located at 11948 Darlington Avenue in the heart of LA’s famed community of Brentwood. A mid-century gem, the building boasts an extraordinary unit mix consisting of mostly large 2 bedroom, 3 bedroom and 4 bedroom units. Each of these units is extremely spacious, has a terrific floor plan, and offers an abundance of natural light.
Current ownership has invested significant capital into the property and 4 of the 6 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, and (1) 1-bed, 1 bath 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 (soft story retrofit has been completed) as well as on-site laundry facilities.
A quick walk 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.
Current ownership has invested significant capital into the property and 4 of the 6 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, and (1) 1-bed, 1 bath 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 (soft story retrofit has been completed) as well as on-site laundry facilities.
A quick walk 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.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | £188,113 | £23.58 |
Other Income | £1,591 | £0.20 |
Vacancy Loss | £5,644 | £0.71 |
Effective Gross Income | £184,059 | £23.07 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | £83,202 | £10.43 |
Net Operating Income | £100,858 | £12.64 |
Financial Summary (Pro forma - 2024)
Gross Rental Income | |
---|---|
Annual | £188,113 |
Annual Per SF | £23.58 |
Other Income | |
---|---|
Annual | £1,591 |
Annual Per SF | £0.20 |
Vacancy Loss | |
---|---|
Annual | £5,644 |
Annual Per SF | £0.71 |
Effective Gross Income | |
---|---|
Annual | £184,059 |
Annual Per SF | £23.07 |
Taxes | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses | |
---|---|
Annual | £83,202 |
Annual Per SF | £10.43 |
Net Operating Income | |
---|---|
Annual | £100,858 |
Annual Per SF | £12.64 |
Property Facts
Price | £3,152,055 | Building Class | C |
Price Per Unit | £525,342 | Lot Size | 0.15 AC |
Sale Type | Investment | Building Size | 7,979 SF |
No. Units | 6 | Average Occupancy | 100% |
Property Type | Residential | Number of Floors | 2 |
Property Subtype | Apartment | Year Built | 1967 |
Apartment Style | Low Rise | Parking Ratio | 1.25/1,000 SF |
Price | £3,152,055 |
Price Per Unit | £525,342 |
Sale Type | Investment |
No. Units | 6 |
Property Type | Residential |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.15 AC |
Building Size | 7,979 SF |
Average Occupancy | 100% |
Number of Floors | 2 |
Year Built | 1967 |
Parking Ratio | 1.25/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 1 | £2,270 | 800 |
2+2 | 3 | £2,289 | 1,200 |
3+2 | 1 | £3,228 | 1,400 |
4+2.5 | 1 | £4,008 | 1,800 |
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Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
Parcel Number | 4265-009-055 | Improvements Assessment | £1,236,195 |
Land Assessment | £1,831,402 | Total Assessment | £3,067,597 |
PROPERTY TAXES
Parcel Number
4265-009-055
Land Assessment
£1,831,402
Improvements Assessment
£1,236,195
Total Assessment
£3,067,597
zoning
Zoning Code | R3 |
R3 |
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6 huge units in the heart of Brentwood | 11948 Darlington Ave
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