1524 Granville Ave, Los Angeles, CA 90025

Property Description

We are pleased to present 1524 Granville Avenue, a rare opportunity to acquire a 10-unit, pride-of-ownership multifamily property in the heart of West Los Angeles' highly desirable Sawtelle neighborhood. Built in 1988, the property is entirely exempt from Los Angeles City rent control (Non-RSO), with AB 1482 applying, providing a significant advantage over the majority of multifamily properties in the surrounding market. The property is part of an A+ located, five-building Westside portfolio totaling 60 units, with the properties available for acquisition separately or together as a portfolio. The property is distinguished by an incredible unit mix of exceptionally large two- and three-bedroom residences averaging approximately 1,430 square feet per unit. The unit mix consists of seven 2-bedroom/2.5-bath residences and three expansive 3-bedroom/2-bath penthouse units featuring private rooftop decks. The large, townhouse-style floor plans and penthouse residences provide a level of space and functionality that is increasingly difficult to replicate in the West Los Angeles rental market. Adding to the property's long-term investment appeal, 1524 Granville has a final condominium tract map for 10 condominium units, providing ownership with a unique attribute and potential future flexibility. The property is also separately metered for gas and electricity.Residents enjoy an extensive amenity package including central heating and air conditioning, fireplaces, in-unit washers and dryers, dishwashers, elevator service and abundant on-site parking. The property provides 22 parking spaces, allowing for at least two spaces per residencean increasingly valuable amenity in this highly sought-after Westside location. 1524 Granville Avenue benefits from an A+ Sawtelle location, offering excellent walkability to the acclaimed restaurants, shopping and entertainment along Sawtelle Boulevard and Sawtelle Japantown. The property is also convenient to Santa Monica, Westwood, UCLA, Century City, Target, the YMCA, University High School and the broader Westside employment base. The combination of 1988 construction, complete Non-RSO status, exceptionally large units, an outstanding unit mix, a final condominium tract map and a highly walkable Sawtelle location makes 1524 Granville Avenue a truly differentiated West Los Angeles multifamily investment opportunity. Note: The other properties comprising the five-building Westside portfolio are 1833 Westholme Avenue (16 units), 1811 S. Bentley Avenue (15 units), 1507 Berkeley Street (7 units), and 1518 & 1524 12th Street (12 units). The properties are available for acquisition separately or together as a portfolio.