10357 Ashton Avenue , Los Angeles, CA - 90024 is For Sale

  • 23333615
  • 23333615
  • 23333615
  • 23333615
  • 23333615
  • 23333615
  • 23333615
  • 23333615
$4,495,000· Income property

Description

We are pleased to introduce 10357 and 10361 Ashton Ave, a compelling nine-unit investment opportunity situated in the prestigious Westwood submarket of West Los Angeles. This property is comprised of two adjoining parcels that share a central courtyard. The eastern building, 10357-10359.5 Ashton, boasts 3,320 sqft of living space and comprises four units, including two one-bedroom, one-bathroom units and two spacious two-bedroom, two-bathroom units. Built-in 1953 with a sturdy wood frame and stucco construction, the property also features an additional non-conforming studio unit, approximately 400-500 sqft, situated above the two two-car garages at the rear of the property. Notably, this space has the potential for conversion into an Accessory Dwelling Unit (ADU), offering immediate potential for renovation and rental income enhancement. The western building, 10361-10365.5 Ashton, is a timeless structure with 3,954 sqft of living space. Built-in 1937 with a wooden frame and stucco construction, it offers five generously sized one-bedroom, one-bathroom units, each exuding its unique charm. There are two two-car garages and one one-car garage in the rear alley of the property. This exceptional property is conveniently located just one block south of Wilshire Blvd and to the east of South Beverly Glen Boulevard, making it an ideal choice for those seeking proximity to Beverly Hills, Century City, and the West Side. The prime location ensures a strong demand for rental units, making it a promising investment opportunity. Both buildings rest on approximately 4,250 sqft lots zoned LARD1.5, 8,501 sqft of total land.

Features

MLS#: 23333615
List Price : $4,495,000
Total Units : 9
CAP rate : $3.40
Gross Operating Income : $253,251
Net Operating Income : $152,609
Sq M : 790 M2
Year Built : 1953
Days on market : 96 Days
Gross taxes : N/A
Address : 10357 Ashton Avenue
City : Los Angeles
State : CA
Zip Code : 90024
Neighborhood : N/A
Stories : 2
Parking Features : Covered
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $4,495,000
Acres : 0.1952
Lot Size (Acres) : 0.1952
Heating : None
Parking Features : Covered
Cooling : None
Driving Directions : One Block South of Wilshire Blvd and East of S Beverly Glen Blvd
 
Courtesy of : Benjamin Lewin , Marcus & Millichap

Location

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