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Buy a propertyat 1916 Selby Avenue, Los Angeles, CA 90025

$2,750,000

$0/mo

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Multifamily

6,160 Sq. Ft.

6,763 Sq. Ft. lot

12 Bedrooms

0 Bathrooms

287 Days on market

23292213 MLS ID

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About 1916 Selby Avenue property

Situated in an excellent West Los Angeles location, near the intersection of Santa Monica Boulevard and Overland Avenue, the building contains 6,160 square feet spread over the five spacious floorplans. The property has been under the same family ownership for the past 50 years, making this a truly rare opportunity to purchase the pride of ownership asset. Located one block from the iconic Los Angeles California Temple that sits atop Santa Monica Boulevard, the building is nestled among several million-dollar condominiums along Selby Avenue. Beverly Hills, Westwood, and Century City are all mere blocks from the property, allowing tenants convenient access to some of the most luxurious shopping and dining destinations in the country. The upcoming Metro Purple Line extension will place two new mass transit stations in the area, opening additional transit options for residents in 2025 and 2027. The Westfield Century City shopping center, featuring Eataly, Nordstrom, Bloomingdale's, Gelson's, and a 15-screen AMC theater, is just one mile from the building. The Los Angeles Country Club, home of the 2023 U.S. Open Golf Championship, and the Rancho Park Golf Course are each within one mile as well. Westwood Village and the University of California, Los Angeles sit just northwest of the property, while Brentwood and Santa Monica are a short drive west.
Situated in an excellent West Los Angeles location, near the intersection of Santa Monica Boulevard and Overland Avenue, the building contains 6,160 square feet spread over the five spacious floorplans. The property has been under the same family ownership for the past 50 years, making this a truly rare opportunity to purchase the pride of ownership asset. Located one block from the iconic Los Angeles California Temple that sits atop Santa Monica Boulevard, the building is nestled among several million-dollar condominiums along Selby Avenue. Beverly Hills, Westwood, and Century City are all mere blocks from the property, allowing tenants convenient access to some of the most luxurious shopping and dining destinations in the country. The upcoming Metro Purple Line extension will place two new mass transit stations in the area, opening additional transit options for residents in 2025 and 2027. The Westfield Century City shopping center, featuring Eataly, Nordstrom, Bloomingdale's, Gelson's, and a 15-screen AMC theater, is just one mile from the building. The Los Angeles Country Club, home of the 2023 U.S. Open Golf Championship, and the Rancho Park Golf Course are each within one mile as well. Westwood Village and the University of California, Los Angeles sit just northwest of the property, while Brentwood and Santa Monica are a short drive west.

Property details

Bathrooms

10 total bathrooms

Bedrooms

12 total bedrooms

Building

2 total stories

Built in 1965

6,160 sqft living area

6160 total building sqft

Cooling

Central Air

Heating

Central

Income

Gross Income: 160404

Net Operating Income: 96158

Listing

Listing ID: 23292213

8 days on market

Listed on 2023-07-19

Location

County: Los Angeles

Lot

6763 sqft

0.1553 acres

Area: 6763

Parking

10 total parking spaces

Assigned

Property

Single building

5 units

Monthly cost

Estimated monthly cost

$17,524/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$2,585,000

+$82,500

$2,667,500

Seller agent commission$82,500 (3%)*

$0 (0%)

Buyer agent commission$82,500 (3%)*

$82,500 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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Unreal Estate checked: May 1, 2024 at 6:18 p.m.

Data updated: Jul 27, 2023 at 11:05 a.m.

Property listed by Marcus & Millichap, Roderick 'Rick' Raymundo
Based on information from California Regional Multiple Listing Service, Inc. as of 07/27/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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