1951 Glendon Ave, Los Angeles, CA 90025
1951 Glendon Ave, Los Angeles, CA 90025
1951 Glendon Ave, Los Angeles, CA 90025
40
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$4,500,000
Est. payment /mo
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16 Beds
16 Baths
11,981 SqFt
New

1951 Glendon Ave Los Angeles, CA 90025

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,981 sqft

Price per Sqft $375

MLS Listing ID 26850603

Style Contemporary

Bedrooms 16

Year Built 1998

Lot Size 6,755 Sqft

Acres 0.1551

Property Sub-Type Multi-Family

Property Description

AMAZING PRICE & LOCATION! Discover an unparalleled investment opportunity in this contemporary 8-unit apartment complex (all 2 Bdr + 2 Bath) in prime sought-after Westwood location, held by the same ownership for over two decades, nestled on a beautiful, tree-lined street directly adjacent to premier single-family home district, boasting an exceptionally walkable neighborhood. Built in 1998, the property falls outside the City of Los Angeles' Rent Stabilization Ordinance (non-RSO) and is instead subject to the statewide Tenant Protection Act (AB 1482) a meaningful advantage for ownership, offering considerably more latitude to bring rents to market than is typical for multifamily assets in Westwood. Each residence features one of three thoughtfully designed two-bedroom, two-bath (2+2) configurations, bright and open floorplans, where most units' bedrooms feature en suite bathrooms, each equipped with washer and dryer, central heating and air conditioning, and the peace of mind of a fully sprinklered building. This varied product mix not only broadens tenant appeal, but also mitigates vacancy risk, optimizes rent premiums, and enhances overall portfolio stability. The property recently underwent comprehensive repairs across all residential units, representing an investment of over $250,000, presenting a rare, worry-free acquisition in a submarket where older housing stock frequently carries hidden capital needs. Ideally situated mere minutes from UCLA's academic and cultural hub, Westfield Century City's world-class dining, shopping, and entertainment, and the luxury boutiques of Beverly Hills' Rodeo Drive, with 99 Ranch Market and Whole Foods conveniently close by, this turnkey and easy-to-manage multifamily asset is fully stabilized (zero vacancy) with quality tenants in place, delivering exceptional cash flow and strong rent growth supported by its premier location. Potential ADU upside for a future owner to add a studio or 1-bedroom (buyer to independently verify) and generate more income. With significant embedded rental upside and value-add potential through minor cosmetic or technology enhancements, this boutique multifamily property promises both immediate returns and substantial long-term appreciation.

Location

State CA

County Los Angeles

Area Westwood - Century City

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Dishwasher, Washer, Dryer, Range/Oven, Refrigerator, Hood Fan

Laundry In Unit

Exterior

Parking Features Community Garage, Gated, Tandem, Covered Parking, Controlled Entrance

Garage Spaces 15.0

Building

Story 3

Architectural Style Contemporary

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Sunshine Realty

NEARBY SCHOOL & BUSINESS

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Herman Singh

Herman Singh

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+1(718) 679-7822

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1951 Glendon Ave