10405 Louisiana Ave

$5,495,000, 18 Beds 18 Baths 11,998 Sqft

About This Property

10405 Louisiana Avenue presents a rare opportunity to acquire a prime 16 unit development opportunity (Buyer to verify) located in one of the best rental locations in prime West Los Angeles.~ A short stroll to Century City, the property currently consists of a 10 unit apartment building built in 1952 consisting of 80% two bedroom units and 11,998 total square feet. There is significant rental upside upwards of 100%, as current rents average only $1.37 per square foot. The property is situated on a very large 13,231 square foot lot zoned R3-1. There is no Q condition in place, and the site is not located in the preliminary fault rupture study (per Zimas). By right, current zoning allows for a 16 unit development. Condominiums in the immediate vicinity have sold for well over $800 per square foot, and rental rates have exceed over $4 per square foot. This affluent location commands a high end development project that sets market comparables.

Essential Information

MLS® #18405676
Price$5,495,000
Bedrooms18
Bathrooms18.00
Square Footage11,998
Acres0.00
Year Built1952
TypeResidential Income
Sub-TypeApartment Building
StatusActive

Community Information

Address10405 Louisiana Ave
AreaWestwood - Century City (C05)
CityLos Angeles (City)
CountyLos Angeles
StateCA
Zip Code90025

Amenities

Parking Spaces8
ParkingAssigned

Interior

Interior FeaturesOther
HeatingOther
CoolingOther
# of Stories2

Additional Information

Date ListedNovember 8th, 2018
Days on Market33
ZoningLAR3
HOA Fees0.00

Listing Details

AgentJonathan Taksa(01366169)

Office

Remax Commercial and Investment Realty

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Listing information last updated on December 12th, 2018 at 3:45am PST.

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