2664 S. La Brea Avenue

2664 S. La Brea Avenue, Los Angeles, CA 90016

Sale Price

$1,600,000

Investment Overview

Units

3

Year Built

1932

Price Per SF

$669

Price Per Unit

$533,333

Current Cap Rate

3.71%

Market Cap Rate

3.77%

Current GRM

16.94

Market GRM

16.74

The Offering

2664 S. La Brea Avenue is a three-unit apartment asset located in the trendy, rapidly changing West Adams neighborhood.

Formerly a duplex, the building has a permitted ADU and is now comprised of two (2) 2 BD / 2 BA units and one (1) 1 BD / 1 BA unit – all with sizable, open floor plans.

The property was completely remodeled within the last two years, with plumbing and electrical system upgrades, a new roof and double-pane windows.

Luxury upgrades in all units include new cabinets, stainless steel appliances and in-unit washers and dryers. Three garages and a spacious downstairs patio are available.

The property is located in the rapidly changing, trendy West Adams area, just east of booming Culver City. Home prices in the neighborhood have increased 77% in the past five years and the current median home price is $1,100,000.

Investment Highlights

  • Duplex with Permitted ADU
  • Completely Remodeled within the Last 2 Years, Including Plumbing & Electrical Systems Upgrades, New Roof, Double-Pane Windows
  • Luxury Interior Upgrades Include New Cabinets, Stainless Steel Appliances and In-Unit W/D
  • 3 Garages with Automatic Openers
  • Spacious Downstairs Patio
  • Located in Trendy, Dynamic West Adams Neighborhood