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$ 3,700,000
$ 3,995,000 7.4%
Est. payment /mo
Sold on 04/08/2025
1812 Westholme Avenue Los Angeles, CA 90025
7,994 SqFt
UPDATED:
Key Details
Sold Price $3,700,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,994 sqft
Price per Sqft $462
MLS Listing ID CL25498139
Year Built 1968
Lot Size 7,579 Sqft
Property Sub-Type Other
Property Description
Located in the heart of West Los Angeles, adjacent to Century City, 1812 Westholme Ave is a well-maintained 12-unit multifamily property offering both stability and significant upside potential. Built in 1968, the property consists of (10) one-bedroom, one-bathroom units and (2) studio units. Recent capital improvements include a completed seismic retrofit and brand-new electric subpanels, ensuring long-term durability and compliance. The property will be delivered with three vacant units, providing immediate value-add potential. This asset presents an exceptional opportunity for long-term investors, featuring a secured entry, ample on-site parking, and an on-site laundry facility. Several units have been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly attractive to tenants. Strategically positioned just moments from Century City Mall, 1812 Westholme Ave offers unparalleled access to premier shopping, dining, entertainment, and major employment centers. With strong in-place income, significant rental appreciation potential, and a desirable tenant base, this property is a rare chance to acquire a prime, income-generating asset in one of Los Angeles' most sought-after neighborhoods.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Electric
Building
New Construction No
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Listed by Michael Monempour • Lyon Stahl Investment Real Estate, Inc.
Bought with MichaelMonempour
Bought with MichaelMonempour