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EXCLUSIVE LISTING | Prime Brentwood Location | Two Adjacent Properties

Purchase Price: $4,974,999
Property Address: 217 Church & 11307 Isleta, Los Angeles, CA 90049

  • CAP Rate:
  • Units:
  • Zoning Type:
  • Lot Size (Sqft):

3.07%

12

LAR3

11810

  • GRM:
  • Year Built:
  • Price Per Unit:
  • Price Per Sqft:

18.93

1958 & 1953

$414,583

$491.89


Investment Highlights


  • Excellent unit mix
  • Two adjacent parcels
  • Add value potential

  • Rental upside potential
  • Prime Brentwood market
  • South of Sunset Blvd

Attachments

Download Marketing Package (PDF):

Building Description

Property:217 S. Church Lane and 11307 Isleta Street apartment complexes are comprised of 12 garden-style apartment units in 2 two-story buildings. The building's construction is of wood frame with a flat roof and painted stucco exterior.

 

217 S. Church Lane development was completed in 1958 with a total of 5,074 building square feet on a 5,762 square foot lot. 11307 Isleta Street development was completed in 1953 with a total of 5,040 building square feet on a 6,048 square foot lot. Current zoning is LAR3 at both buildings.

 

The apartment buildings are side by side and managed together. 217 S. Church Lane consists of 1 three-bedroom/two-bath unit, 4 two-bedroom/one-bath units and 1 one-bedroom/one-bath unit. 11307 Isleta Street consists of 4 two-bedroom/one-bath units and 2 one-bedroom/one-bath units. The remodeled units have updated kitchens with granite or quartz countertops, updated bathrooms and hardwood floors throughout.

 

The units are large with an open layout with big windows and offer great storage space. The laundry room is available at both properties, as well as on-site parking.

Aesthetically, the property grounds and building are clean and well maintained. The landscaping is well kept. 

    

Location: 217 S. Church Lane and 11307 Isleta Street is in the very prime and vibrant market of Brentwood, adjacent to Santa Monica and West Los Angeles. The properties are south of Sunset Boulevard and west of Sepulveda Boulevard, situated in a truly irreplaceable location.

 

 Tenants are just minutes to the popular attractions on Wilshire Blvd. and Sunset Blvd. and a few miles from Santa Monica’s most iconic and notable attractions. The properties are located on a low traffic and beautiful residential tree lined street and the immediate vicinity consists of well-maintained apartment buildings and condominium homes. The 405 freeway is just east of the property, easy and quick to access.

 

The area is one of Los Angeles’s most highly sought out neighborhoods to live in. Residents get the convenience of living near some of LA’s most popular and ritzy restaurants and shops, hip bars and are a short drive to the beach.