Los Angeles, Residential Income – 449 N Le Doux Rd, Los Angeles, CA 90048, USA -001-11-30T00:00:00-08:00
Price Just Reduced by $1 Million. Irreplaceable Location; Rare opportunity to purchase a 30,417± SF apartment community in a phenomenal West LA location; Located near the intersection of Burton Way and La Cienega Boulevard, across the street from the
449 N Le Doux Rd, Los Angeles, CA 90048, USA
$13,500,000 USD
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Address449 South Le doux Road, Los Angeles
Price$13,500,000
Price Changed6.89% (-$1,000,000, 38 days ago)
Year Built1962
Bedrooms Total0
Living Area30,417
Lot Size (Sq.Ft.)11,704
Listing ID17212496
StatusActive
Parcel Number4334019043
ZoningLAR3
Special ConditionsStandard
Days on Market98

Detailed Description: Price Just Reduced by $1 Million. Irreplaceable Location; Rare opportunity to purchase a 30,417± SF apartment community in a phenomenal West LA location; Located near the intersection of Burton Way and La Cienega Boulevard, across the street from the SLS Hotel; Walking distance to Cedars Sinai Medical Center, the Beverly Center and La Cienega’s famed “Restaurant Row”; Nearly 50% rental upside potential with mostly exterior and common area improvements; bring rents to market as apartments turnover; Potential for condominium conversion exit – Condominiums of similar vintage and size in the area are selling for over $1,250,000 per unit; Spacious units averaging 1,464± SF; all have balconies; Approximately half of the units have in-unit washer and dryer; Attractive architecture with great frontage; rear courtyard with pool. Rent information shown is average for one unit type. For complete rent roll visit the property website in Private Remarks.

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Address Information
Address449 South Le doux Road, Los Angeles
Street PrefixSouth
Street SuffixRoad
CityLos Angeles
Location (MLS Area)C19 – Beverly Center-Miracle Mile
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90048
Financial Information
Price Changed-6.8966%
Previous Price$14,500,000
Price per Square Foot$443.83
Price per Lot Square Foot$1,153.45
Special ConditionsStandard
Total Expenses$233,386
Gross Operating Income$637,559
Net Operating Income$404,173
Gross Multiplier22.01%
Improvements Amount$4,786,903
Land Value$7,193,046
Tax Year2000
Full Descriptions
Parcel Number4334019043
Detailed DescriptionPrice Just Reduced by $1 Million. Irreplaceable Location; Rare opportunity to purchase a 30,417± SF apartment community in a phenomenal West LA location; Located near the intersection of Burton Way and La Cienega Boulevard, across the street from the SLS Hotel; Walking distance to Cedars Sinai Medical Center, the Beverly Center and La Cienega’s famed “Restaurant Row”; Nearly 50% rental upside potential with mostly exterior and common area improvements; bring rents to market as apartments turnover; Potential for condominium conversion exit – Condominiums of similar vintage and size in the area are selling for over $1,250,000 per unit; Spacious units averaging 1,464± SF; all have balconies; Approximately half of the units have in-unit washer and dryer; Attractive architecture with great frontage; rear courtyard with pool. Rent information shown is average for one unit type. For complete rent roll visit the property website in Private Remarks.
Interior FeaturesElevator
Cooling DescriptionCentral
Appliances DescriptionGarbage Disposal, Dishwasher
Parking FeaturesSubterranean, Controlled Entrance
Property parameters
Year Built1962
Living Area (Sq.Ft.)30,417
Lot Size (Sq.Ft.)11,704
Number of Buildings1
Number of Units Total18
ZoningLAR3
Stories Total3
Units Total18
Listed withAdrienne Barr (Berkadia)