2524 S Sepulveda Blvd
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2524 S Sepulveda Blvd
8 Unit Block of Flats £2,934,188 (£366,773/Unit) 4.47% Net Initial Yield Los Angeles, CA 90064
Investment Highlights
- Not Subject to LA City Rent Control - Only State AB1482
- Potential to Convert Rec Room into ADU - Buyer to Verify
- 7+1 Units
- Highly Desirable Westside Community
- Strong Upside Potential - Estimated 20% Upside in Rents
Executive Summary
2524 S Sepulveda Blvd is a multifamily property in the heart of West Los Angeles. Conveniently located adjacent to both the 405 and 10 freeways, and just steps away the from the Metro Expo Line Station, 2524 Sepulveda is a four story apartment property that features three 1+1 units, a 1+1.5 townhome style unit, three 2+2 units and one non-conforming single. Tenants enjoy gated secured on-grade parking and multiple private balconies, as well common area laundry facilities.
This 1991 built property is currently collecting rent that is 20% below market, providing a savvy investor the opportunity to purchase a stabilized asset with strong growth potential in an irreplaceable location.
This 1991 built property is currently collecting rent that is 20% below market, providing a savvy investor the opportunity to purchase a stabilized asset with strong growth potential in an irreplaceable location.
Property Facts
| Price | £2,934,188 | Apartment Style | Low Rise |
| Price Per Unit | £366,773 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Net Initial Yield | 4.47% | Building Size | 8,745 SF |
| Gross Rent Multiplier | 14.56 | Average Occupancy | 62% |
| No. Units | 8 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1991 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Price | £2,934,188 |
| Price Per Unit | £366,773 |
| Sale Type | Investment |
| Net Initial Yield | 4.47% |
| Gross Rent Multiplier | 14.56 |
| No. Units | 8 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 8,745 SF |
| Average Occupancy | 62% |
| Number of Floors | 3 |
| Year Built | 1991 |
| Parking Ratio | 1.37/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Fireplace
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 1+1.5 | 1 | - | - |
| 2+2 | 3 | - | - |
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Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 4256-016-001 | Improvements Assessment | £555,507 |
| Land Assessment | £666,612 | Total Assessment | £1,222,120 |
PROPERTY TAXES
Parcel Number
4256-016-001
Land Assessment
£666,612
Improvements Assessment
£555,507
Total Assessment
£1,222,120
zoning
| Zoning Code | LAR3 |
| LAR3 |
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2524 S Sepulveda Blvd
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