For Sale
$3,595,000

1807 Beloit AveLos Angeles, CA 90025

Fully leased, high-end triplex in Sawtelle

Overview

Added:
Dec 11, 2024
Days on market:
113
This stunning, fully leased, three-unit luxury apartment building in Los Angeles' desirable Sawtelle Japantown neighborhood presents a compelling investment opportunity. Completed in 2024, the property boasts 6,123 square feet of net rentable space across three stories, situated on a 4,186 square foot lot. The building features a desirable mix of units: two expansive four-bedroom, three-bathroom townhomes, each exceeding 2,299 square feet, and one impressive three-bedroom, two-bathroom unit. All units are currently 100% occupied, generating a substantial net operating income (NOI) of $174,748, resulting in a 4.86% cap rate. Each unit is meticulously designed with high-end finishes, including designer tiles, modern kitchens with stainless steel appliances and large waterfall islands, high ceilings, ample closet space, and expansive windows maximizing natural light. Large private balconies with bifold glass doors create seamless indoor/outdoor living spaces. The property also includes six parking spaces and separate meters for gas, water, and electricity, minimizing operating expenses. Located within walking distance of Sawtelle Boulevard's vibrant shops and restaurants, and minutes from UCLA, Westwood Village, and Brentwood, this property benefits from an exceptional location and strong rental demand. The building is covered by a one-year builder's warranty, ensuring peace of mind for the new owner. This is a rare opportunity to acquire a fully stabilized, high-return investment property in a prime West Los Angeles location. The asking price is $3,595,000, with a price per unit of $1,198,333.33 and a price per square foot of $587.13. The property is zoned LAR3.

Highlights

  • Fully leased at closing.
  • Sawtelle Japantown location, near Sawtelle Blvd., UCLA, Brentwood, and Westwood. High tenant demand.
  • Architecturally striking triplex with exceptional curb appeal.
  • High-end finishes and superior construction quality.
  • Unit mix: two 4-bedroom units and one 3-bedroom unit.
  • Large bifold glass doors creating indoor/outdoor flow.

Property Details for 1807 Beloit Ave

Property type
Apartment buildings
Square Feet
6,123 SF
Class
A
Year Built
2024
Buildings
1
Stories
3
Units
3

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.043840909293
Longitude
-118.44543041013
1807 Beloit Ave, Los Angeles, California

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1807 Beloit Ave
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