1524 Granville Avenue,Los Angeles, CA 90025
Los Angeles, CA 90025
Description
We are pleased to present 1524 Granville Avenue presents 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 rent control (Non-RSO), with AB 1482 applying, providing a significant advantage over most multifamily properties in the surrounding market. The property is part of an A+ located, five-building Westside portfolio totaling 60 units, available for acquisition individually 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, including seven 2BR/2.5BA units and three 3BR/3BA penthouse units featuring private rooftop decks. One of the penthouse units will be vacant starting 10/1/26. The large, townhouse-style floor plans and penthouse residences offer a level of space and functionality increasingly difficult to replicate in the West Los Angeles rental market. The property also has updated main and sub electrical panels. Adding to the property's long-term investment appeal, 1524 Granville has a final condominium tract map for 10 condominium units, providing ownership with unique 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 and elevator service. The property offers 20 on-site parking spaces (10 tandem stalls), providing at least two spaces per unit, a 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, and convenient access to Santa Monica, Westwood, UCLA, Century City, Target, the YMCA, University High School and the broader Westside employment base. 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.
Details
| MLS # | 26876225 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1988 |
| Days On Site | 7 |
| Listing Provided By | Remax Commercial and Investment Realty | Jonathan Taksa |
Features
| Bed(s) | 23 |
|---|---|
| Bath(s) | 23 |
| SQ Feet | 14,298 |
| Story(s) | 1 |
| Units | 10 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.16 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Dishwasher, Microwave, Refrigerator |
Parking
| Parking Features | Assigned, Garage, Gated, Tandem |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90025 |
| Area | WLA West Los Angeles |
| Listing VS Median (in 90025) | |
Price: $5,250,000 low | high Med: $660,000 sqft: 14,298 low | high Med: 1,039 $ / sqft: $367 low | high Med: $647 On site: 7 low | high Med: 213 | |
Market Activity 90025
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90025 |
| Area | WLA West Los Angeles |
| Listing VS Median (in 90025) | |
Price: $5,250,000 low | high Med: $660,000 sqft: 14,298 low | high Med: 1,039 $ / sqft: $367 low | high Med: $647 On site: 7 low | high Med: 213 | |
 | $5,950,0001537 1545 CorinthLos Angeles, CA 90025 |