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Natalie Miranda
marketing@thewhipplegroup.com$ 4,895,000
Est. payment | /mo
12 Beds
12 Baths
11,837 SqFt
$ 4,895,000
Est. payment | /mo
12 Beds
12 Baths
11,837 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 11,837 sqft
Price per Sqft $413
MLS Listing ID 25603281
Bedrooms 12
HOA Y/N No
Year Built 1963
Lot Size 7,688 Sqft
Property Description
1677 Westholme Avenue presents a rare opportunity to acquire a trophy multifamily asset situated on a prominent corner lot in one of Los Angeles' most sought-after rental markets. Built in 1963, this well-maintained, pride-of-ownership property spans approximately 11,837 square feet and features a diverse and highly desirable unit mix consisting of (3) two-bedroom, two-bathroom units, (6) one-bedroom, one-bathroom units, and (1) studio unit. With its commanding corner presence and attractive midcentury architecture, the property boasts exceptional curb appeal that sets it apart from comparable buildings in the area. The property offers long-term investment stability and upside, featuring gated parking, controlled access entry, and on-site laundry facilities. One unit will be delivered vacant at the close of escrow, providing immediate value-add potential. With approximately 21% rental upside, investors have an excellent opportunity to increase cash flow through interior renovations and leasing at market rents. Several units have already been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly appealing to today's renters. Perfectly located in the heart of Westwood, 1677 Westholme Avenue is adjacent to West Los Angeles and just minutes from Century City and UCLA, offering unmatched proximity to world-class dining, shopping, and employment hubs. The property is surrounded by multi-million dollar single-family homes, enhancing its prestige and long-term desirability. This corner trophy asset represents an outstanding opportunity to acquire a stabilized, income-producing property with strong fundamentals, proven ownership history, and value-add upside in one of the Westside's most supply-constrained and high-demand submarkets.
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Refrigerator
Exterior
Parking Features Gated
Total Parking Spaces 12
Building
Story 3
Entry Level Three Or More,Multi/Split
Level or Stories Three Or More, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4326026023
Special Listing Condition Standard
Listed by David Saghian Lyon Stahl Investment Real Estate, Inc.
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Natalie Miranda
Marketing Director | License ID: 02122928