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1939 Selby Avenue

Los Angeles (City), CA 90025
  • $2,600,000
  • STATUS: Active
  • ON SITE: 14 Days
  • ID#: 24356631
UPDATED: 33 min ago
$2,600,000
  • 10
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,238
    SQFT
  • $417
    $/SQFT
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

Listing Agent(s): David Weinberger of Keller Williams Studio City (818-432-1500) and Megan Husri of Keller Williams Studio City(818-432-1500)


Description

This rare investment opportunity in prime West LA blends original architecture with contemporary renovations for the best of both worlds. Situated just north of the desirable Santa Monica Blvd corridor, the two-story building comprises five spacious units and spans 6,238 square feet on a sizable 6,751 square foot lot, providing tenants both privacy and community.Recent improvements include a new roof, re-piped copper plumbing, earthquake retrofitting, exterior paint, lighting fixtures, fencing, and laundry facilities. Interiors have been comprehensively updated in units 2-5. Amenities include tandem parking, that accommodates ten cars, secure entry, and on-site laundry. The property has been family-owned for 65 years, all units are very well maintained and 100% occupied by stable tenants. With its prime location, recent renovations, and rare availability, 1939 Selby Ave is an unbeatable opportunity to acquire a fully updated, income-producing asset in coveted West LA.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T18:36:18.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
www.rusnellproperties.com/homes/147415068
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1939 Selby Avenue Los Angeles (City), CA 90025

  • Price: $2,600,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 33 min ago
  • ID#: 24356631
10
Beds
0
Baths
0
½ Baths
0.16
Acres
6,238
SQFT
$417
$/SQFT
1966
Built
Neighborhood:
C05 - Westwood - Century City
County:
Los Angeles
Area:
C05 - Westwood - Century City
Property Description
This rare investment opportunity in prime West LA blends original architecture with contemporary renovations for the best of both worlds. Situated just north of the desirable Santa Monica Blvd corridor, the two-story building comprises five spacious units and spans 6,238 square feet on a sizable 6,751 square foot lot, providing tenants both privacy and community.Recent improvements include a new roof, re-piped copper plumbing, earthquake retrofitting, exterior paint, lighting fixtures, fencing, and laundry facilities. Interiors have been comprehensively updated in units 2-5. Amenities include tandem parking, that accommodates ten cars, secure entry, and on-site laundry. The property has been family-owned for 65 years, all units are very well maintained and 100% occupied by stable tenants. With its prime location, recent renovations, and rare availability, 1939 Selby Ave is an unbeatable opportunity to acquire a fully updated, income-producing asset in coveted West LA.
Exterior Features

Architectural Style Traditional Attached Garage YN Yes Carport Spaces 5 Carport YN Yes Open Parking Spaces 5 Parking Features Attached CarportAssignedDrivewayGarageTandem Parking Total 10 Patio And Porch Features OpenPatio Pool Features None Pool Private YN No Spa Features None Spa YN No View YN Yes

Interior Features

Appliances OvenRangeRange Hood Common Walls No Common Walls Fireplace Features Living Room Fireplace YN Yes Flooring TileWood Heating Forced Air Heating YN Yes Interior Features Ceiling Fan(s)

Property Features

Association YN No Cap Rate 4 Community Features Gated Disclosures Trust/Conservatorship Garage YN Yes Gross Income 166596 Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 104835 New Construction YN No Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T18:36:18.26. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Rusnell Real Estate Group | Vista Sotheby's. Licensed in the State of California, USA.
 
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Rusnell Real Estate Group | Vista Sotheby's
16 Malaga Cove Plaza
Palos Verdes Estates CA, 90274
Listing Agent(s): David Weinberger of Keller Williams Studio City (818-432-1500) and Megan Husri of Keller Williams Studio City(818-432-1500)