11937 Kiowa AveLos Angeles, CA 90049

Property Details for 11937 Kiowa Ave

Year built

1961

Construction

WOOD

Lot size

0.18 AC

Property size (Sq ft)

7,580 SF

Zone code

LAR3

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

4265-011-049

APU

4265011049

Description

This exceptional 9-unit apartment building, totaling 7,580 square feet, presents a compelling value-add investment opportunity in the prestigious Brentwood neighborhood of Los Angeles, CA. Built in 1961, this property is situated at 11937 Kiowa Ave, 90049, and offers a unique chance to capitalize on the area's high barrier to homeownership and strong rental demand. With a current asking price of $3,500,000 ($388,889 per unit and $461.74 per square foot), this property boasts a prime location within walking distance of the Brentwood Country Mart and Country Club, contributing to its desirability. The property benefits from its proximity to major employment centers, including Century City, UCLA, Culver City, and Beverly Hills, ensuring a consistent pool of potential renters. The current owners have held the property for nearly 40 years, highlighting its long-term stability and potential for significant appreciation. This is a generational opportunity to acquire a well-located asset in one of Los Angeles's most sought-after neighborhoods, offering substantial upside potential through a value-add program. The property's "Very Walkable" designation and low population density further enhance its appeal. This is a rare chance to acquire a multifamily property in a market characterized by high home values and limited inventory, making it an attractive investment for discerning buyers. The APN is 4265-011-049.

• CAP approach

  CAP return

  Valuation

  6%

  $2,437,467

  6.5%

  $2,249,969

  7%

  $2,089,257

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,227,045

  Geo Method

  $2,234,190

• Alternative Use

  Use

  Valuation

  Residential

  $2,249,969

  Hospitality

  $2,060,960

  Educational

  $1,714,694

  Medical

  $1,773,665

  Retail

  $2,667,302

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.048

Longitude

-118.467

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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