1529 S Bundy Drive

    West Los Angeles, CA 90025
    • $6,995,000
    • STATUS: Active
    • ON SITE: 61 days
    • ID#: SR19171439
    UPDATED: 71 min ago
    $6,995,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,230
      SQFT
    • $850
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1988
    County:

    School Ratings & Info

    Description

    Burts & Associates are pleased to present the opportunity to acquire 1529 S. Bundy Drive in prime West Los Angeles. This 9-unit condo quality apartment complex is located between Westwood and Santa Monica, just south of Brentwood and is walking distance to the amenities on Santa Monica Boulevard+GGs retail corridor. The property enjoys easy access to major employers in Century City, Westwood, Santa Monica and Culver City, including growing entertainment and technology giants like Sony, Apple, HBO, and Amazon. The property is also located just a few blocks away from Element LA, a new state of the art 240,000 square foot creative office campus laid out over 12 acres that is currently under construction. The 405 and 10 freeways are located several blocks to the east.Built in 1988, this non-rent control building consists of 2 two-bedroom, 2.5 bath units, 4 one-bedroom + loft, one bath units, and 3 one-bedroom, one bath units. The building features units flooded with natural light. Some of the units have 18+GG ceilings and roof top terraces with city views. All units have hardwood floors, stone countertops and upgraded kitchens and baths. The building features a modern fa+-ade, private balconies, secure gated parking, controlled building access and central air conditioning and heat. There is upside potential in the rents. Call for a complete offering memorandum

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T21:44:56.43. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.
    www.amayarealestategroup.com/homes/97054576

    1529 S Bundy Drive West Los Angeles, CA 90025

    • Price: $6,995,000
    • Status: Active
    • Updated: 71 min ago
    • ID#: SR19171439
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    8,230
    SQFT
    $850
    $/SQFT
    1988
    Built
    Neighborhood:
    WLA - West Los Angeles
    County:
    Los Angeles
    Area:
    WLA - West Los Angeles
    Property Description
    Burts & Associates are pleased to present the opportunity to acquire 1529 S. Bundy Drive in prime West Los Angeles. This 9-unit condo quality apartment complex is located between Westwood and Santa Monica, just south of Brentwood and is walking distance to the amenities on Santa Monica Boulevard+GGs retail corridor. The property enjoys easy access to major employers in Century City, Westwood, Santa Monica and Culver City, including growing entertainment and technology giants like Sony, Apple, HBO, and Amazon. The property is also located just a few blocks away from Element LA, a new state of the art 240,000 square foot creative office campus laid out over 12 acres that is currently under construction. The 405 and 10 freeways are located several blocks to the east.Built in 1988, this non-rent control building consists of 2 two-bedroom, 2.5 bath units, 4 one-bedroom + loft, one bath units, and 3 one-bedroom, one bath units. The building features units flooded with natural light. Some of the units have 18+GG ceilings and roof top terraces with city views. All units have hardwood floors, stone countertops and upgraded kitchens and baths. The building features a modern fa+-ade, private balconies, secure gated parking, controlled building access and central air conditioning and heat. There is upside potential in the rents. Call for a complete offering memorandum
    Exterior Features

    Exterior Features Lighting Fence YN Yes Fencing BrickSecurityWrought Iron Garage Spaces 15.00 Lot Features Rectangular LotLevelNear Public TransitPark Nearby Lot Size Source Assessor Lot Size Units Square Feet Parking Total 16.00 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type AlleyCity Street Road Surface Type Alley PavedPaved View City LightsHills View YN Yes

    Interior Features

    Appliances Built-In RangeDisposalGas RangeGas Water HeaterMicrowaveRange HoodRefrigeratorVented Exhaust Fan Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Door Features Sliding Doors Fireplace Features Family Room Fireplace YN Yes Flooring Wood Heating CentralForced Air Heating YN Yes Interior Features BalconyBuilt-In FeaturesCathedral Ceiling(S)Ceiling Fan(S)Crown MoldingGranite CountersHigh CeilingsLiving Room BalconyLiving Room Deck AttachedStone CountersTwo Story Ceilings Laundry Features Common Area Levels Three Or More Room Type LoftMaster BedroomTwo MastersWalk-In Closet

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 2.68 Community Features CurbsSidewalksStorm DrainsStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 1650.00 Gardener Expense 820.00 Gross Income 292536.00 Gross Multiplier 23.65 Gross Scheduled Income 295800.00 Insurance Expense 3800.00 Land Lease YN No Laundry Income 1992.00 Laundry YN Yes Licenses Expense 1062.00 Maintenance Expense 2800.00 Net Operating Income 187746.00 New Construction YN No New Taxes Expense 87438.00 Number Of Separate Electric Meters 10 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number With Dishwasher 9 Number With Disposal 9 Number With Range 9 Number With Refrigerator 9 Operating Expense 104789.00 Operating Expense Percent 35.00 Other Expense 225.00 Other Expense Description Fire Ext Pest Control Expense 220.00 Professional Management Expense 0.00 Property Condition Updated/Remodeled Rent Control YN No Security Features Card/Code AccessSecurity Lights Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasTelephone Total Expenses 104789.00 Trash Expense 2025.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 5256 Vacancy Allowance Rate 2.00 Water Sewer Expense 4750.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Cynthia Burts of Burts & Associates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-09-18T21:44:56.43. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.
     
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