11943 Kiowa Avenue,Los Angeles, CA 90049
Los Angeles, CA 90049
Description
The offering is 11943 Kiowa Ave, an 8-unit multifamily apartment building in the heart of Brentwood, one of the trendiest and most desirable and supply constrained rental markets in all of Los Angeles. Situated North of Wilshire Boulevard and steps away from the San Vicente retail corridor, Brentwood Village's primary retail and dining destination. With convenient access to the 405 fwy, Santa Monica and the broader West LA Spine. The property sits one of LA's most coveted pockets, defined by limited developable land, strong ownership demand and a persistent undersupply of quality rental housing. The property is a mid-century 1963-vintage building comprising approximately 7,894 square feet of improvements on an 7,500-square-foot LAR3 lot, with a family-friendly unit mix of Four 1BR/1BA units, Two 2BR/2BA unit, and Two 2BR/2BA + Den units a large-unit configuration that appeals directly to the long-tenure family renters who anchor demand in the Brentwood submarket. This is the first time the property is being offered to the market! 11943 Kiowa offers investors a rare opportunity to acquire a true value add investment in A+ Location with strong longterm fundamentals, durable rental demand and the benefit of owning in a neighborhood that continues to strengthen overtime. With meaningful upside in rents, and large, spacious units, a savvy investor can significantly increase rents through remodeling and repositioning the asset to create long-term value.
Details
| MLS # | 26860225 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1963 |
| Days On Site | 47 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Michael Monempour |
Features
| Bed(s) | 14 |
|---|---|
| Bath(s) | 12 |
| SQ Feet | 7,894 |
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.18 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
Parking
| Parking Features | Driveway Down Slope From Street |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90049 |
| Area | C06 Brentwood |
| Listing VS Median (in 90049) | |
Price: $3,000,000 low | high Med: $3,495,000 sqft: 7,894 low | high Med: 5,788 $ / sqft: $380 low | high Med: $604 On site: 47 low | high Med: 70 | |
Market Activity 90049
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90049 |
| Area | C06 Brentwood |
| Listing VS Median (in 90049) | |
Price: $3,000,000 low | high Med: $3,495,000 sqft: 7,894 low | high Med: 5,788 $ / sqft: $380 low | high Med: $604 On site: 47 low | high Med: 70 | |
