1411 Federal Avenue, Los Angeles, CA 90025

About this property

1411 Federal Ave. is an extremely well located 10 unit multi-family property in LA's prestigious Westside neighborhood. Currently, the property is being rented and operated as a 10 unit building, and the Seller pays RSO registration fees for all 10 units. The City of Los Angeles, Report of Residential Property Records (9A Report) states that the property consists of a duplex and 8 apartment units. Buyer to conduct their own due diligence and investigations into the number of legal units. The property has an excellent unit mix of (2) 2 BR + 1 Bath townhome style units, (4) 1 BR + 1 Bath & (4) single units. All rents are below market creating a "quintessential" value-add opportunity. Total building square footage is approximately 4,872 SqFt. and the property is situated on a 7.000 Sq.Ft lot zoned R3. No seismic soft story retrofit work is required for the parking structure. A quick walk to the high-end dining and nightlife on Santa Monica Boulevard & Wilshire Boulevard, this rare offering presents an astute investor with the unique opportunity to establish a nice rental footprint in West LA and to capitalize on higher market rents in one of the best rental locations in all of Los Angeles

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$2,126,000

Sold June 2023 · listed $2,050,000, on market April 2023 · MLS #23267149 · Source: CRMLS

Listing Agent: Errol Spiro · Listing Office: Miller & Desatnik Realty Co. · Contact: 310-202-9166 · Bought with: Jonathan Taksa · Remax Commercial and Investment Realty

Explore Los Angeles