1906 Pelham Avenue
Los Angeles, CA, 90025
$5,250,000
Beds
0 Baths
SqFt
0.33 Acres
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The Pelham Ave. Residences are 12 multi-family units in two side by side properties located in a prime West LA location. Both properties are being sold together and have been combined as a single property with one APN #. The total size of both properties is approximately 13,448 SF and the total lot size is approximately 14,191 SF. The building on the corner of Pelham Ave and Missouri Ave is 7 units and the neighboring building is 5 units. Both properties are two stories and have tandem tuck under parking. There is a total of 12 parking spots and the mandatory seismic work for the parking structure has been completed on both properties. The Pelham Ave residences have an excellent unit consisting of (3) 3 BR (6) 2 BR and (3) 1 BR units. The rent roll reflects what the rents will be this February after yearly rent increases have been implemented. Every unit has at least one wall mounted or central AC unit. A few of the 3 BR units have central air and all the units have ceiling fans. The currents rents are below market, creating a quintessential value-add opportunity. The Pelham Ave Residences are an incredible opportunity to purchase a trophy multi-family asset on a large corner lot in a prime West LA location.

Property Details

Price:
$5,250,000
MLS #:
25484851
Status:
Active
Baths:
0
Address:
1906 Pelham Avenue
Type:
Residential Income
Neighborhood:
c05westwoodcenturycity
City:
Los Angeles
Listed Date:
Jan 13, 2025
State:
CA
ZIP:
90025
Lot Size:
14,195 sqft / 0.33 acres (approx)
Year Built:
1964
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Central

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Parking Features
Tandem Garage, Covered
Parking Spots
12.00
Stories Total
2

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1906 Pelham Avenue
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