Active
1309 Amherst Ave Los Angeles, CA 90025
$15,650,000
40 beds
26,155 sq ft

Courtesy of Remax Commercial and Investment Realty 213-817-1000

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Laura Alice Scaturro

Laura Alice Scaturro

Founder

DRE# 01942167

Property Description

1309 Amherst Avenue is a rare multifamily investment opportunity in the heart of LA’s vibrant Westside. Consisting of 28 units surrounding a beautifully landscaped and serene courtyard setting, the building boasts an ideal unit mix consisting of mostly large 1 bedroom & 2 bedroom units. Each of these units is extremely spacious, has a terrific floor plan, and offer an abundance of natural light. Current ownership has invested significant capital into the property and 20 of the 28 units have been remodeled. The unit mix includes (12) 2-bed, 2-bath units, (15) 1-bed, 1-bath units, and (1) efficiency unit. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking for 47 cars , copper plumbing, controlled access entry, an 11 camera video surveillance system, and an on-site laundry facility. All soft story seismic retrofitting has been completed by ownership. A quick walk to the high-end dining and nightlife on Wilshire Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

Property Details & Features

Year Built

  • 1972

Appliances and Equipment

  • Garbage Disposal
  • Microwave

Bathrooms

  • 40.00 total bathrooms

Bedrooms

  • 40 total bedrooms

House

  • 26,155 sq ft
  • Built in 1972

Cooling

  • Air Conditioning
  • Window Unit(s)
  • Wall/Window

Disclosures

  • As Is

Fireplaces

  • Den

Garage

  • Assigned

Laundry

  • Community

Listing

  • ListDate: 2022-01-10
  • PricePerSqFt: $598
  • 14 days on market

Location

  • County: Los Angeles
  • ListingArea: West L.A.

Lot

  • LotAcreage: 0.5016
  • LotSizeArea: 21,784

Parking

  • TotalParking: 47

Property

  • NumberOfUnits: 28
  • Zoning: LAR3

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