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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.

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
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
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

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
  • Listing ID: 34083430

  • Date on Market: 04/12/2024

  • Last Updated:

  • Address: 11948 Darlington Ave, Los Angeles, CA 90049

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