1807 Beloit Ave Los Angeles, CA 90025

Property Details for 1807 Beloit Ave

Year built

2024

Property size

6,123 SF

Property type

Commercial real estate

APN

4261-020-008

Description

This stunning, fully leased, three-unit luxury apartment building in Los Angeles' desirable Sawtelle Japantown neighborhood presents a compelling investment opportunity. Completed in 2024, the property boasts 6,123 square feet of net rentable space across three stories, situated on a 4,186 square foot lot. The building features a desirable mix of units: two expansive four-bedroom, three-bathroom townhomes, each exceeding 2,299 square feet, and one impressive three-bedroom, two-bathroom unit. All units are currently 100% occupied, generating a substantial net operating income (NOI) of $174,748, resulting in a 4.86% cap rate. Each unit is meticulously designed with high-end finishes, including designer tiles, modern kitchens with stainless steel appliances and large waterfall islands, high ceilings, ample closet space, and expansive windows maximizing natural light. Large private balconies with bifold glass doors create seamless indoor/outdoor living spaces. The property also includes six parking spaces and separate meters for gas, water, and electricity, minimizing operating expenses. Located within walking distance of Sawtelle Boulevard's vibrant shops and restaurants, and minutes from UCLA, Westwood Village, and Brentwood, this property benefits from an exceptional location and strong rental demand. The building is covered by a one-year builder's warranty, ensuring peace of mind for the new owner. This is a rare opportunity to acquire a fully stabilized, high-return investment property in a prime West Los Angeles location. The asking price is $3,595,000, with a price per unit of $1,198,333.33 and a price per square foot of $587.13. The property is zoned LAR3.