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
Dear Peter,

Thank you for your outstanding work in listing, negotiation and obtaining of favorable terms and conditions, and closing our forty-five unit apartment complex. You also have been stellar in your representation and negotiations on the deals that have been placed on the table during the extensive search for a commercial property to exchange into.

There can not be enough praise in the professionalism and guidance that encompass what you have provided - well beyond the limited definition of real estate services.

Just wanted to take a moment to share this with you and express my appreciation.

Sincerely,
Marion Tauber

 

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