Los Angeles, CA 90049 11957 Kiowa Avenue
$2,995,000
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Presented By: Benjamin Lewin with Marcus & Millichap;
Home Details
$130,000 Price Reduction! 11957 Kiowa Ave is an exceptional investment opportunity in the coveted Brentwood neighborhood of West Los Angeles. This property features a well-maintained two-story building built in 1956 with a wood frame and stucco construction. It is approximately 5,171 sf on a 7,875 sf lot. The unit mix comprises five one-bedroom, one-bathroom, and two two-bedroom, one-bathroom units. Four units are renovated, offering a modern touch and increased desirability. One of the one-bedroom units is currently vacant. Seven parking spaces are available at the rear of the property, and the owner has completed the required soft-story earthquake retrofit work. The buyer can add future value by converting the detached carport at the back of the property into an ADU (Buyer to verify). Situated near grocery stores, including Whole Foods and Ralphs, and a diverse selectionof dining options, coffee shops, and yoga studios, this investment property presents a prime chance to capitalize on Brentwood's thriving rental market. It offers an excellent opportunity for long-term growth in one of Los Angeles's most desirable locations and is for sale for the first time in 60 years.
Presented By: Benjamin Lewin with Marcus & Millichap;
Interior Features for 11957 Kiowa Avenue
Bedrooms
Total Bedrooms9
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths7
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories2
General for 11957 Kiowa Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.08
Carport Y/NNo
CityLos Angeles
CoolingWallWindowUnits
CountyLos Angeles
Days on Market85
DirectionsEast of Bundy Dr and West of Westgate Ave.
Full Baths
Garage Y/NNo
Gross Income188448.0
HeatingWallFurnace
Home Owner Assoc:No
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7877.0
Lot Size UnitsSquareFeet
MLS AreaC06 - Brentwood
MobileHomeRemainsYNNo
Net Operating Income122149.0
New ConstructionNo
NumberOfUnitsTotal7
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
View Y/NNo
Waterfront Y/NNo
Year Built1956
ZoningLAR3
Exterior for 11957 Kiowa Avenue
Building Area Total5171.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1808
Lot Size Area7877.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesCovered
SpaNo
Total Parking7.0
Additional Details
Price History
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Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480