1524 Granville AVE, Los Angeles, CA 90025
1524 Granville AVE, Los Angeles, CA 90025
1524 Granville AVE, Los Angeles, CA 90025
21
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$5,250,000
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23 Beds
23 Baths
14,298 SqFt
Active Under Contract

1524 Granville AVE Los Angeles, CA 90025

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 14,298 sqft

Price per Sqft $367

MLS Listing ID 26876225

Bedrooms 23

HOA Y/N No

Year Built 1988

Lot Size 7,004 Sqft

Property Description

We are pleased to present 1524 Granville Avenue presents a rare opportunity to acquire a 10-unit, pride-of-ownership multifamily property in the heart of West Los Angeles' highly desirable Sawtelle neighborhood. Built in 1988, the property is entirely exempt from Los Angeles rent control (Non-RSO), with AB 1482 applying, providing a significant advantage over most multifamily properties in the surrounding market. The property is part of an A+ located, five-building Westside portfolio totaling 60 units, available for acquisition individually or together as a portfolio. The property is distinguished by an incredible unit mix of exceptionally large two- and three-bedroom residences averaging approximately 1,430 square feet per unit, including seven 2BR/2.5BA units and three 3BR/3BA penthouse units featuring private rooftop decks. One of the penthouse units will be vacant starting 10/1/26. The large, townhouse-style floor plans and penthouse residences offer a level of space and functionality increasingly difficult to replicate in the West Los Angeles rental market. The property also has updated main and sub electrical panels. Adding to the property's long-term investment appeal, 1524 Granville has a final condominium tract map for 10 condominium units, providing ownership with unique future flexibility. The property is also separately metered for gas and electricity. Residents enjoy an extensive amenity package including central heating and air conditioning, fireplaces, in-unit washers and dryers, dishwashers and elevator service. The property offers 20 on-site parking spaces (10 tandem stalls), providing at least two spaces per unit, a valuable amenity in this highly sought-after Westside location.1524 Granville Avenue benefits from an A+ Sawtelle location, offering excellent walkability to the acclaimed restaurants, shopping and entertainment along Sawtelle Boulevard and Sawtelle Japantown, and convenient access to Santa Monica, Westwood, UCLA, Century City, Target, the YMCA, University High School and the broader Westside employment base. Note: The other properties comprising the five-building Westside portfolio are 1833 Westholme Avenue (16 units), 1811 S. Bentley Avenue (15 units), 1507 Berkeley Street (7 units), and 1518 & 1524 12th Street (12 units). The properties are available for acquisition separately or together as a portfolio.

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator

Laundry Stacked

Exterior

Parking Features Assigned, Garage, Gated, Tandem

Total Parking Spaces 20

Building

Story 3

Entry Level One,Multi/Split

Level or Stories One, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 4262006031

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jonathan Taksa Remax Commercial and Investment Realty #01366169

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1524 Granville AVE

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Herb Rim

Herb Rim

Realtor License ID: 01870707

+1(818) 699-9179

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