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Two-Property Multifamily Portfolio
For Sale
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2023 Preuss Rd, Los Angeles, CA 90034

Portfolio sale of two side-by-side multifamily buildings with 18 units and permitted attached ADUs.

Property SizeContact for details
Days on Market122

Property Features for 2023 Preuss Rd

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 18
Listing Agency: Vista Sotheby’s International Realty
Listed By: Eva Jacobs · License #01904512
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 6:22AM

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 Vista Sotheby’s International Realty

Investment Insights

Based on property information with market context.

This for-sale portfolio includes two side-by-side multifamily properties at 2023 and 2027 Preuss Road, totaling 18 units. The buildings are two levels and feature upgraded interiors such as air conditioning, new wood floors, recessed lighting, fully redone kitchens with stainless appliances, remodeled bathrooms, and new windows. The property also includes gated access and a large common area suitable for resident entertainment. Unit layouts include 3+2, 2+2, and 1+1 configurations, with balconies measuring approximately 750 to 1,050 square feet.

The complex is located in the Beverlywood vicinity of West LA, surrounded by Beverly Hills, Cheviot Hills, and Culver City. The Preuss Road setting is described as a quiet residential street with apartment buildings and single-family homes, and the area provides access to shopping, dining, entertainment, and public transportation.

The portfolio has an additional development component: approved and permitted plans to build four attached one-bedroom ADUs. The property is described as well-maintained and managed, with low expenses and no on-site management required.

Key Highlights

  • Portfolio sale of two side‑by‑side multifamily buildings (2023 & 2027 Preuss Road) totaling 18 units
  • Approved and permitted to build 4 attached one‑bedroom ADUs (per 2027 Preuss APN 4302‑018‑011)
  • Upgraded 2‑level interiors with AC, new wood floors, recessed lighting, and new windows throughout

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Barber Shop Real Estate Agency (Bike/Boat/Book/etc) Store Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Residential units

Location Intelligence

Trade Area within ½ mile

2,533
Businesses Nearby

Demographics for 90034, CA

57,152
Population
29,262
Households
2
Avg Household Size
35
Median Age
64%
College-Educated
92%
High-School Grad
3.1 sq mi
ZIP Area
18,436
Density / Sq Mi
$103,082
Median Household Income
$62,891
Median Earnings
$2,180
Median Rent
$1,395,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Portfolio sale of two side-by-side multifamily buildings with 18 units and permitted attached ADUs.
Where is this apartment building located?
The property is located at 2023 Preuss Rd Los Angeles, CA.
What are key features of this property?
This property features: Portfolio sale of two side‑by‑side multifamily buildings (2023 & 2027 Preuss Road) totaling 18 units; Approved and permitted to build 4 attached one‑bedroom ADUs (per 2027 Preuss APN 4302‑018‑011); Upgraded 2‑level interiors with AC, new wood floors, recessed lighting, and new windows throughout
More about this property
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