8926 Sawyer St Los Angeles, CA 90035

Property Details for 8926 Sawyer St

Year built

2024

Property size

8,241 SF

Property type

Commercial real estate

Description

This exceptional offering presents The Beverlywood Villas, a brand-new (2024) development of five luxurious three-story townhomes situated in the highly desirable Beverlywood neighborhood of Los Angeles. The property boasts a total of 8,241 square feet across two buildings, situated on a 7,650 square foot R3 zoned corner lot. Each of the five units features either three bedrooms and three bathrooms, or four bedrooms and four bathrooms, all with private two-car garages, offering electric car charging capabilities. High-end finishes are prevalent throughout, including wide oak-style flooring, high ceilings, recessed lighting, stainless steel appliances, and custom iron railings. Every unit includes a private rooftop deck providing panoramic city views, along with a private garden. The property is separately metered for gas, electric, and water, minimizing operating expenses. With a current pro-forma NOI of $303,640 and a 5.3% cap rate at the asking price of $5,750,000, this represents a compelling investment opportunity in a highly sought-after location. The units are currently vacant, presenting an immediate opportunity to establish market-rate rents, estimated at $6,250-$7,500 per month based on comparable rentals. The property's location offers easy access to major freeways, and proximity to Beverly Hills, Century City, West Los Angeles, and West Hollywood. This is a 1031 exchange eligible property, not subject to rent control, making it an attractive option for investors seeking a stable, high-return investment in a prime Los Angeles location.