Homes for sale - 4823 W Slauson AVE, Los Angeles, CA 90056

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Edward Kapanadze

edward@homesearch-la.com +1(310) 870-0404

$ 7,150,000

Est. payment | -/mo

36 Beds

28 Baths

27,572 SqFt

Save

$ 7,150,000

Est. payment | -/mo

Save

36 Beds

28 Baths

27,572 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 27,572 sqft

Price per Sqft $259

MLS Listing ID 25530587

Bedrooms 36

HOA Y/N No

Year Built 1953

Lot Size 0.943 Acres

Property Description

We are pleased to present for sale 4817 & 4823-25 W Slauson Ave. in View Park-Windsor Hills of Los Angeles, CA. The offering consists of 2 apartment buildings (2 APN's) totaling 28 units on a massive 41,075 SF lot (0.94 acres of land) in unincorporated LAC, adjacent to Ladera Heights. The property has benefited from a local group of conscientious operators and is professionally managed by Lilly Property Management Co. The mix of 1BR/1BA (20) and 2BR/1BA (8) units range from 900 to 1,100 SF. The 1BR's, which account for 70% of all units, can provide a strong hedge against rental stagnation due to the property being subject to LAC RSO. With approximately 30% rental upside, new ownership is afforded a path towards a considerable proforma 7.50 CAP / 9.15 X, metrics that can further improve from significant ADU build-out potential in the rear carport section of 4823-25 (Buyer to verify). All units have their own electrical and gas meters. There is an additional in-house electric meter and a water heater for the on-site laundry room. In 2018, EQ soft-story retrofit was voluntarily completed for 4817. The carport roofs for 4823-25 were replaced in 2022. $75,000 of SB721 work was completed and permitted this month. Building amenities include an on-site laundry room, washer/dryer hookups, individual water heaters, wall and floor gas heaters, 22 parking stalls, 18 garaged spaces and a charming courtyard. Tenants will have access to the nearby Westfield Culver City shopping mall, Howard Hughes entertainment center (HHLA), SoFi Stadium, YouTube Theatre, Intuit Dome, KIA Forum, Hollywood Park Casino and E & K Metro Line stations. With all of these highlights and more, the offering truly presents an ideal opportunity of operational stability with consistent cash-flow and predictable long-term appreciation in one of the most attractive submarkets in Los Angeles County. For investors looking for a high-quality 1031 solution or just simply in acquisition mode, the Slauson buildings will make a strong addition to any investor portfolio and a chance to own in the fourth largest economy in the world.

Location

State CA

County Los Angeles

Area 103 - Ladera Heights

Zoning LCC2YY

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type None

Fireplace No

Appliance Disposal, Microwave, Refrigerator

Laundry Common Area

Exterior

Parking Features Assigned, Door-Multi, Door-Single, Driveway, Garage, One Space, On Street, Side By Side, Uncovered

Pool None

View Y/N No

View None

Total Parking Spaces 40

Private Pool No

Building

Faces South

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5009004014

Acceptable Financing Contract

Listing Terms Contract

Special Listing Condition Standard

Listed by Matthew Lee Lilly Enterprises, Inc.

4823 W Slauson AVE Los Angeles, CA 90056