11642 Kiowa Ave, Los Angeles, CA 90049

Description

11642 Kiowa Avenue presents an outstanding opportunity to acquire a well-maintained nine-unit multifamily property in prestigious Brentwood, one of the most desirable residential neighborhoods on Los Angeles' Westside. Built in 1967, the property features an excellent unit mix consisting of two spacious two-bedroom/two bathroom residences and seven one-bedroom/one-bathroom residences. Many of the units have been luxuriously upgraded and feature spacious, highly functional floor plans filled with abundant natural light. The property offers significant rental upside, providing investors with an excellent opportunity to increase income, improve operating performance and enhance long-term value. Residents enjoy controlled-access entry, ample on-site parking, attractive landscaped grounds and a convenient on-site laundry facility. The building's soft-story parking retrofit has already been completed, eliminating a significant potential capital expense for a future owner. The property is ideally situated within walking distance of San Vicente Boulevard and its acclaimed collection of restaurants, cafes, boutiques, markets and neighborhood services. Its central Westside location also provides convenient access to UCLA, Westwood Village, Santa Monica, Century City, Pacific Palisades and the beaches of the Pacific Ocean. Major employment, educational and entertainment destinations are all located within close proximity. With its highly desirable Brentwood location, strong unit mix, completed seismic retrofit, upgraded interiors and substantial rental upside, 11642 Kiowa Avenue offers an attractive combination of current income, future growth potential and long-term multifamily investment value