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$3,975,000

Beds
10
sq ft
6,477

11942 Darlington Ave, Los Angeles, CA 90049

11942 Darlington Ave

Los Angeles, CA 90049

  • 18 days on market
We are pleased to offer for sale a generational multifamily investment opportunity at 11942 Darlington Avenue in the heart of LA's famed community of Brentwood. The mid-century gem boasts an ideal unit mix consisting of mostly large 1 bedroom and 2 bedroom units. Each of these units is very spacious, has a terrific floor plan, and offers an abundance of natural light. Current ownership has invested significant capital into the properties and every unit has been remodeled. The incredible unit mix includes (4) 2-bed, 1.75 bath units, (2) 1-bed, 1 bath units, and (1) efficiency unit. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking (soft story retrofit has been completed) as well as on-site laundry facilities. Additionally, a large storage room has city approved plans for an approximate 429 square foot ADU that when built could increase gross income by over $30,000 annually (Buyer to verify). In close proximity to the high-end dining on San Vicente Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

Details

Property type

Lot size

7,352 sq ft

Price per sq ft

$614

Year built

1965

HOA

No

Price History

12/04/2024
CLAW

CLAW #24469327

Listed
$3,975,000
-53.37%
04/02/2024
CLAW

CLAW #23248593

Removed
$8,525,000
12/26/2023
CLAW

CLAW #23248593

Listed
$8,525,000

Schools & Community

Neighborhood: 

Brentwood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Pacific Premier Bank

Loan start date

March 2021

Original loan amount

$1,700,000

Est. remaining balance

Not provided

Interest rate

2.78%

Loan type

Commercial

Seller

11942 Darlington Avenue Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 6:20 PM

Listing updated: 12/13/2024 at 11:15 AM

Listed by: Jonathan Taksa, Remax Commercial and Investment Realty Phone #: (213) 817-1000

MLS: CLAW #24469327

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