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GREAT BASIS: VACANT 8 units in BRENTWOOD 11938 Dorothy St 8 Unit Apartment Building $3,495,000 ($436,875/Unit) Los Angeles, CA 90049
INVESTMENT HIGHLIGHTS
- Incredible location on one of the best streets in Brentwood
- Close proximity to high end dining, retail and nightlife on San Vicente Blvd.
- 9-unit development consisting of very large two and three-bedroom units
- COMPLETELY VACANT 8-Unit Property: GREAT BASIS, UNIQUE REAL ESTATE AND JUST REDUCED!
- Prestigious apartment development opportunity delivered with Ready to Issue (RTI) permits
EXECUTIVE SUMMARY
GREAT BASIS, UNIQUE REAL ESTATE AND JUST REDUCED! Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, Inc, is pleased to present a currently VACANT 8 unit property in the prestigious Westside community of Brentwood. 11938 Dorothy Street presents a unique opportunity to develop nine (9) expansive, sumptuously appointed apartment units on one of the best streets in the area. The current improvements are a VACANT 8-unit apartment building consisting of 1 and 2-bedroom floor plans, which could be remodeled / rehabbed into luxury residences and ADUs added (Buyer to verify). Nestled in close proximity to some of the best high-end dining, entertainment venues, and nightlife in the city.
PROPERTY FACTS
| Price | $3,495,000 | Building Class | C |
| Price Per Unit | $436,875 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 5,788 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 0% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.55/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3-1, Los Angeles - Multi-Family | ||
| Price | $3,495,000 |
| Price Per Unit | $436,875 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,788 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | R3-1, Los Angeles - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 1,600 |
| 3+2 | 2 | - | 1,600 |
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PROPERTY TAXES
| Parcel Number | 4265-021-035 | Improvements Assessment | $506,910 |
| Land Assessment | $1,629,372 | Total Assessment | $2,136,282 |
PROPERTY TAXES
Parcel Number
4265-021-035
Land Assessment
$1,629,372
Improvements Assessment
$506,910
Total Assessment
$2,136,282
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GREAT BASIS: VACANT 8 units in BRENTWOOD | 11938 Dorothy St
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