Nine Units in West LA (Los Angeles) View Map
Status: Sold
Price: $1,962,500
# Units: 9
Property Type: Commercial
Address: 1552 Armacost Ave
City / State: Los Angeles / CA
Zip: 90025
APN: 4263-033-015
Year Built: 1969
GRM / Market GRM: 13.80 / 12.65
CAP / Market CAP: 4.77 / 5.04
Price per Unit: 218000
Price per Sq Foot: 252
Unit Mix: 1 bedrooms & 2 bedrooms
Description:
The subject property is a nine (9) unit apartment building located one block south of Santa Monica Blvd, between Santa Monica and Idaho. The Unit mix consists of six (6) one bedroom, one baths, one (1) two bedroom, two baths, two (2) two bedroom, two baths and dens. The units are large, some with new amenties. The property is in good condition with a new roof, new horizontal copper plumbing and 90% of the units have been well maintained. There is a laundry facility on site as well as a storage area on the premises. The building has subterrainean parking for five of it's ten spots (one tandem) with carports in the rear of the building for the rest. THIS BUILDING HAS BEEN SOLD AND IS NO LONGER AVAILABLE.

Disclaimer:
This information has been secured from sources we believe to be reliable, but make no representation or warranties, expressed or implied as to the accuracy of the information. References to square footage and/or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.  
Client Testimonials
Peter is a clients dream. He understands the issues and needs of a client and works well to convey that to all involved in a transaction. He does not hide or keep relevant facts in order to gain advanatage but rather shares information that leads to a productive assessment of situations. He is trustworty and that is refreshing in todays competitive world.

Peter is a "no bull" broker who is up front, understands complex real estate situations and is genuine. This industry is in need of more like him. We closed a very complex transaction this year that required patience, understanding of the personalities involved, and attention to detail. At every step Peter was there making sure everyone's goals were being addressed. I look forward to doing more deals with him in the future, and am also glad to be able to now call him a friend.

Kenneth Bank
CEO, River Bank Development Company

 

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