1942 Pelham Ave

Los Angeles, CA, 90025

$8,500,000

$8,500,000
Active
Active
 - For Sale
beds
18 Beds
baths
24 Baths
property_type
Multi-family
calendar
Built 1959
1942 Pelham Avenue, a 16-unit apartment community located in Century City. 1942 Pelham has been well maintained by current ownership and has received interior upgrades to select units and a revamped exterior facade. Current rents at the property are approximately 25% below post-renovation market rents allowing a new owner to capture significant rent premiums upon unit turnover. 1942 Pelham Avenue features a unit mix comprised of two (2) studios, six (6) one-bedroom/one-bathroom units, and eight (8) two-bedrooms/one-and-half bathrooms units. The structure sits on a double (R3) lot measuring just over 13,500 square feet. 1942 Pelham includes a two-story walk-up property with parking for every bedroom. 1942 Pelham is generously parked, with a mix of spaces on grade in the front, rear, and a selection of private garage spaces. Additional amenities include a lobby, shared laundry facility with two (2)washers and two (2) dryers, and a courtyard style pool. 1942 Pelham Avenue has a location that is desired by residents as it affords them short commute times to major employments hubs and lifestyle choices that can be accessed by the main thoroughfares located in proximity to their front door. Situated between Olympic Boulevard and Santa Monica Boulevard just east of Westwood Boulevard, residents of 1942 Pelham can work in Century City and visit the Santa Monica beaches all within a 10-minute drive. Other notable submarkets directly adjacent to 1942 Pelham include Westwood, Rancho Park, Brentwood, and West LA a truly dynamic Westside location.
MLS® ID:
22-192115
Listed:
6/27/22
Updated:
10/6/22
Campbell Wellman Properties
Campbell Wellman Team

Interior Features

Total Bedrooms
18
Total Bathrooms
24
Laundry Description
Community
Cooling
Wall Unit(s)
Heating
Wall Gas

Exterior/Building Features

Lot Size
0.31 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Assigned, Carport Attached, Garage Is Attached
Parking Total
22.0
View
N
County
Los Angeles
Pool
Yes
Pool Description
In Ground, Community
Total Stories
2
Zoning
LAR3

 

Courtesy of Berkadia, Brent Sprenkle,
Listing Contact:  

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©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/6/22

Campbell Wellman Properties
Campbell Wellman Team
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