Isleta & Church

11307 Isleta Street, Los Angeles, CA 90049

Sale Price

$5,700,000

Investment Overview

Units

12

Year Built

1953

Price Per SF

$564

Price Per Unit

$475,000

Current Cap Rate

2.7%

Market Cap Rate

4.7%

Current GRM

20.7

Market GRM

13.2

The Offering

Isleta & Church  is comprised of two adjacent multifamily investment assets located at 11307 Isleta Street and 217 Church Lane in upscale, residential Brentwood, one of the most desirable neighborhoods in the country.

This portfolio provides an extremely rare opportunity to own in the Brentwood area, where only three apartment buildings have traded in the past 10 years.

The two continuous lots comprise a sizable total area of ±10,114 square feet. Both assets are 1950’s buildings with mid-centry modern architectural lines, offering 12 bright, spacious units in total, (1) 3BD/2 BA, (8) 2BD/1BA, and (3) 1BD/1 BA.

Units feature hardwood floors with upgraded kitchens and bathrooms. Ample parking is available with six onsite spaces per building. Onsite laundry facilities provide additional income.

Residents in Brentwood enjoy proximity to many hiking trails, parks, and open space preserves in the beautiful Santa Monica Mountains. Will Rogers State Park is a local favorite for hiking, picnicking and horseback riding, as well as the home of the annual Veuve Clicquot Polo Classic. Traveling just eight miles west along Sunset Boulevard finds Sunset Beach, along with Mastro’s Ocean Club and Gladstone’s, where tourists and locals alike flock to for a fine dining experience overlooking the ocean.

Just five miles east finds world-class shopping and dining along Rodeo Drive and downtown Beverly Hills as well as a plethora of nightlife entertainment along the famous Sunset Strip in West Hollywood.

Given the property’s unmatched location and opportunity for earning potential, Isleta & Church promises to provide investors with stable long-term returns.

Investment Highlights

  • Rare Opportunity to Own in Quiet, Residential Brentwood
  • Only 3 Properties Sold in the Area within the Past 10 Years
  • Two Contiguous Properties with Total Oversized Lot Size of ±10,114 SF, Zoned LAR3
  • 1950’s Buildings with Mid-Century Architectural Lines
  • Excellent Mix of Bright, Spacious One, Two and Three BD Units
  • Hardwood Floors, Upgraded Kitchens and Bathrooms
  • 46% Potential Upside in Rents