Property Detail

Description

Rare opportunity to acquire a full building consisting of 6 expansive condominiums, including a grand penthouse w/private rooftop terrace. Huge Value Add to sell off the condos individually. Unrenovated condo comps are trading at an average of $849/SF. This translates to a potential of $7,534,000 if the units were sold individually, and this does not factor in any penthouse premium or renovating the comps, which would demand closer to $1,000/SF depending on finishes. Currently configured as 5 units with the top floor apartments combined to create a large owner residence. As each unit is its own SFR, the property is not subject to RSO (buyer to verify). At one of the most exceptional crossroads in Los Angeles, at the foothills of Bel Air, the gateway to Century City, and adjacent to Westwood. The property benefits from immediate access to top-tier amenities, dining, and vibrant neighborhood culture driving strong tenant demand and long-term value appreciation. All apartments feature high ceilings, and loft style layouts. Penthouse has access to multiple private rooftop terraces. Secured 12-car garage.