Offered as part of a rare six-property portfolio available individually or as a package, 2617-2619 S Sepulveda Blvd. presents an exceptional opportunity to acquire a meaningful rental footprint in the heart of West Los Angeles, one of the Westside's most consistently desirable and resilient rental submarkets. Adding to the uniqueness… Read More of the offering, each property in the portfolio was originally built by the Seller's family, creating a true generational ownership story seldom seen in the marketplace. 2617-2619 S Sepulveda Blvd. consists of 29 units across two separate buildings on one APN. Originally built in 1974, the property is situated on a 19,850-square-foot, R3-zoned lot. The property features an attractive and highly rentable unit mix comprised of 1 bachelor unit, 12 studio units with full kitchens, 13 one-bedroom/one-bath units, and 3 two-bedroom/two-bath units. With strong in-place fundamentals and significant upside in rents, the property offers investors the ability to immediately control a sizable West LA asset with long-term income growth potential. The improvements offer many features sought by today's renters, including pleasant layouts, a courtyard-style apartment setting, gated on-site parking, on-site laundry facilities, air-conditioning units, and patios or balconies in the units. The residences are filled with natural light, and ownership has already completed the soft-story seismic retrofit, providing a major benefit for a future buyer. From a location standpoint, the offering is exceptionally well positioned in West Los Angeles, with convenient access to Century City, Westwood, Santa Monica, and UCLA, all of which help support deep and diverse tenant demand. UCLA notes that its main campus is in Westwood, and identifies West LA among the common surrounding neighborhoods tied to the university area. The properties also benefit from proximity to some of the Westside's most dynamic lifestyle destinations, including the Sawtelle Japantown corridor, which remains one of West LA's best known dining destinations, as well as the shopping, dining, and entertainment offerings of Westfield Century City and Downtown Santa Monica / Third Street Promenade. For investors seeking scale, rental upside, strong historical ownership, and premier Westside location fundamentals, 2617-2619 S Sepulveda Blvd. represents an outstanding opportunity to establish or expand a presence in one of LosAngeles' most proven multifamily markets. Read Less
Courtesy of Remax Commercial and Investment Realty 213-817-1000
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
19
Square Ft.
19,116
Lot Size
0.46 Acres
Year Built
1974
MLS Number
26839343
30 Days Snapshot Of 90064
$2.17M
+4%
(avg) sold price
12
-14%
homes sold
46
-24%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Built-Ins, Dishwasher
Building
19,116 sq ft, Built in 1974, Levels: One
Cooling
Wall/Window
Disclosures
As Is
Garage
Gated, Assigned
Heating
Wall
Lot
LotAcreage: 0.4558, LotSizeArea: 19,855
Parking
TotalParking: 29
Property
NumberOfUnits: 29, Zoning: LAR3
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