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11905 Avon Way
Los Angeles, CA 90066
Build-to-Rent Property For Sale
·
10 Units
PROPERTY FACTS
| No. Units | 10 | Property Size | 6,776 sq ft |
| Property Type | Build-to-Rent | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Floors | 2 |
| Apartment Style | Low-Rise | Year Built | 1987 |
| Costar Property Class | C | Parking Allocation | 1.4/1,000 sq ft |
| Total Plot Size | 0.19 ac | ||
| Use Class | R3-1, Los Angeles | ||
| No. Units | 10 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.19 ac |
| Property Size | 6,776 sq ft |
| Average Occupancy | 95% |
| No. Floors | 2 |
| Year Built | 1987 |
| Parking Allocation | 1.4/1,000 sq ft |
| Use Class | R3-1, Los Angeles |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Oven
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
ABOUT 11905 AVON WAY , LOS ANGELES, CA 90066
Marcus & Millichap is pleased to present this 10-unit non rent controlled property located at 11905 Avon Way in the Culver Garden pocket of West Los Angeles. Built in 1987, the property consists of one (1) Studio and nine (9) One Bedroom/One Bathroom Units. The property currently has one tenant on a long term lease with the remaining 9 units on short term nightly rentals (current nightly rates go from $99-$129 per night). An investor can choose to continue running the property as short term rentals or request 9 of the units to be delivered vacant with the opportunity to remodel and lease out. All 10 units are currently furnished and ownership will deliver the property with all furniture. Tenants are attracted to the property through a variety of amenities including spacious floor plans, gated parking, on-site laundry, intercom entry, and furnished units. 11905 Avon Way is situated between Culver and Washington Blvd in the Mar Vista/Culver Garden pocket of West Los Angeles. This incredible location is just a short drive away from Venice Beach, Santa Monica, Marina Del Rey, and downtown Culver City. The property is also a highly desirable location of housing for the recent influx of professionals working in close by Silicon Beach. This is an excellent opportunity for a location driven value add investor to either continue running the property as short term nightly rents or create immediate upside by implementing a renovation plan and significantly increase the rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 9 | - | - |
PROPERTY TAXES
| Parcel Number | 4233-019-001 | Improvements Assessment | £919,883 |
| Land Assessment | £2,759,653 | Total Assessment | £3,679,537 |
PROPERTY TAXES
