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Sold for $3,050,000
  • Listed by: NorthMarq Realty Services, Inc • Michael Smith • Contact: 949-717-5200
    Bought with: NorthMarq Realty Services, Inc
    $3,050,000

    11937 Kiowa Ave, Los Angeles, CA 90049

    10beds
    11baths
    7,580sqft
    Multi Family
    Built in 1961
    -- sqft lot
    $2,767,100 Zestimate®
    $402/sqft
    $5,022 Estimated rent

    Home value

    $2,767,100

    $2.44M - $3.15M

    $5,022/mo

    Zestimate® history
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    $5,022/mo

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    $19,430/mo

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    $19,430/mo

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    What's special

    Generational Opportunity – Current ownership has owned the property for nearly 40 years. In its current state the property boasts an outstanding location with massive potential upside once a value add program is completed. The property presents opportunistic buyers the ability unlock immense upside and value at the property by implementing a value add program. Prestigious Brentwood Location – located on the Westside of Los Angeles. Brentwood is one of the city's most renowned areas. The historic Brentwood Country Mart and Brentwood Country Club add to the neighborhood's prestigious lifestyle. Classified as “Very Walkable” by Walkscore.com and boasting one of the lowest population densities in the city, Brentwood offers an exclusive and tranquil atmosphere. The neighborhood’s cultural richness is matched by its stylish retail boutiques, cafes, and promenades. With fewer than 400 apartment buildings in Brentwood, the high demand for rentals ensures a secure and lucrative investment opportunity for property owners. High Barrier to Homeownership – despite high interest rates home values in Brentwood continues to be ranked in the Top 10 most expensive zip codes in Los Angeles County. Today’s year over year home value growth is over 7% with the average home in Brentwood being priced at nearly $3 Million. Close Proximity to Major Employment Hubs – strategically located near several prominent employment hubs, boasts a diverse range of job opportunities. A short drive away, Century City stands out as one of the strongest office markets in the country, hosting corporate offices, law firms, and financial institutions. The University of California, Los Angeles (UCLA) campus, in close proximity, serves as a significant employment hub in education, research, and healthcare. Nearby Culver City, known for its burgeoning tech and creative industries, provides additional employment prospects. Beverly Hills, is an upscale area with high-end businesses and luxury retailers, contributing to the economic vibrancy of the broader West Los Angeles region. These employment centers collectively enhance Brentwood’s appeal, offering a balance between residential charm and access to diverse job markets.

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael Smith DRE #01460413 818-903-4676,

    NorthMarq Realty Services, Inc

    Bought with:

    Michael Smith, DRE #01460413

    NorthMarq Realty Services, Inc

    Source: CRMLS,MLS#: OC24158158MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 11
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 7,580
    • Total interior livable area: 7,580 sqft

    Property

    Parking
    • Total spaces: 9
    • Parking features: Attached Carport, Assigned
    • Carport spaces: 9
    Features
    • Entry location: Street
    • Pool features: None
    Lot
    • Size: 7,879 Square Feet
    • Features: Over 40 Units/Acre, Near Public Transit
    Details
    • Parcel number: 4265011049
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Biking, Golf, Storm Drain(s), Street Lights, Sidewalks, Urban
    Location
    • Region: Los Angeles

    Financial & listing details

    • Price per square foot: $402/sqft
    • Date on market: 8/1/2024
    • Cumulative days on market: 53 days
    • Listing terms: Cash,Cash to New Loan
    • Total actual rent: 18930

    Price history

    DateEventPrice
    11/1/2024Sold$3,050,000-9%$402/sqft
    Source: CRMLS #OC24158158 Report a problem
    9/23/2024Pending sale$3,350,000$442/sqft
    Source: CRMLS #OC24158158 Report a problem
    9/3/2024Price change$3,350,000-4.3%$442/sqft
    Source: CRMLS #OC24158158 Report a problem
    8/1/2024Listed for sale$3,500,000$462/sqft
    Source: CRMLS #OC24158158 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Brentwood

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $2,767,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,767,100