Newly Constructed Apartment
New
For Sale
$11,500,000
1946 Overland Ave, Los Angeles, CA 90025
One- and two-bedroom residences include central air and heating, in-home laundry, and generous storage.
Property Size25,815 SF
Days on Market2
Property Features for 1946 Overland Ave
General Information
Standard status
Active
Size
25,815 SF
Property subtype
Multifamily
Additional Details
Cap Rate
4.77%
Highway Access
Yes
Amenities
fitness center
private screening room
rooftop deck with barbecues and fire pits
state-of-the-art security system
in-residence washer/dryers
central air & heating
high ceilings
over-sized floor to ceiling windows
A Premier Offering: 1946 Overland is an exquisitely designed 15-unit apartment building in prime West LA with high-end finishes that cater to the most discerning renters.
Large Floor Plans: The Property offers a mix of large, condo quality units that include 6 one-bedrooms and 9 two-bedrooms ranging from 891 to 1,481 square feet.
Adjacent to Westwood and Century City: The Property is within 1 mile of both Westwood Village and Century City and their myriad dining, shopping, entertainment, farmer's markets, and more.
Robust Employment: The Property is surrounded by Silicon Beach, one of the most dynamic employment centers in Southern California providing future residents with numerous top tier employment opportunities amongst a diverse array of industries (technology, healthcare, professional services, and entertainment) and employers (Google, Amazon, UCLA, Hulu, Lionsgate, and many more). Within a 10-mile radius, there are 150 million square feet of office and 1.1 million jobs.
Home Ownership is Unattainable for Most: Single family home values in West LA have more than doubled over the last decade to $2.3M. The sharp increase has made ownership difficult, if not impossible for first time buyers who would need to earn more than $500,000 annually to afford a median priced home in the area.
West LA is One of the Most Affluent Locations in the Region: The average household earns $142,153 annually, 75% of the population are college educated, and 77% of the population are renters.
Unit Conversion Opportunity: 1946 Overland's three largest 2-bedroom units (1,481 SF) all have a den that can be converted to a third bedroom. Rent comparables indicate post conversion, these floorplans could achieve between $6,000 and $7,000 per month.
A Highly Unique Asset: Designed by renowned architecture firm Valerie Schweitzer Architects, 1946 Overland's design, aesthetic, finishes, and amenities are unmatched in the submarket. The Property is LEED Gold Certified and received the Gold Grands Prix Du Design Award in 2023 and German Design Award in 2024.
Building Details
Building Size
25,815 SF
Units
15
Listed By:
Greg Harris · License #License(s): CA: 01186953
(310) 706-4400
Source:
Marcusmillichap
Added: Sep 16
Last Checked: Sep 16 at 2:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greg Harris
Investment Insights
Based on property information with market context.
This newly constructed apartment property contains 15 floorplans ranging from 891 to 1,481 SF, with one-bedroom and two-bedroom residences. Individual homes feature high ceilings, central air and heating, in-residence washer/dryers, substantial closet and storage space, and floor-to-ceiling windows. The building has achieved LEED Gold certification and includes a fitness center, private screening room, rooftop deck with barbecues and fire pits, and a security system.
Located adjacent to Westwood and Century City in West Los Angeles, the property provides access to shopping in Century City and Rodeo Drive, along with convenient connections to the 405 and 10 freeways. The Pacific Ocean is approximately a 5-mile jog away.
Located adjacent to Westwood and Century City in West Los Angeles, the property provides access to shopping in Century City and Rodeo Drive, along with convenient connections to the 405 and 10 freeways. The Pacific Ocean is approximately a 5-mile jog away.
Key Highlights
- 15 apartment floorplans ranging from 891‑1,481 SF
- Mix of one‑bedroom and two‑bedroom residences
- LEED Gold‑certified newly constructed property
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,483
Businesses Nearby
Explore this area
Business Placement
Demographics for 90025, CA
45,466
Population
24,965
Households
1.8
Avg Household Size
36
Median Age
70%
College-Educated
95%
High-School Grad
2.6 sq mi
ZIP Area
17,487
Density / Sq Mi
$104,627
Median Household Income
$70,713
Median Earnings
$2,465
Median Rent
$1,081,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - One- and two-bedroom residences include central air and heating, in-home laundry, and generous storage.
Where is this apartment building located?
The property is located at 1946 Overland Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: 15 apartment floorplans ranging from 891‑1,481 SF; Mix of one‑bedroom and two‑bedroom residences; LEED Gold‑certified newly constructed property
