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1218 Armacost Avenue, Los Angeles, CA 90025
Priced at Only: $4,299,000
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Address: 1218 Armacost Avenue, Los Angeles, CA 90025
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  • MLS#: 26663683 ( )
  • Street Address: 1218 Armacost Avenue
  • Viewed: 1
  • Price: $4,299,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 30
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90025
  • Provided by: Marcus & Millichap
  • Contact: Sean Sean
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to offer for sale Armacost Palms, a 13 unit apartment community located at 1218 Armacost Avenue in the heart of West Los Angeles. This two story, 6,511 square foot building sits on a generous 10,479 square foot lot, offering strong density and future flexibility. The property features a unit mix of twelve one bedroom/one bath and one two bedroom/one bath apartments, with upgraded electrical systems, separate gas and electric meters for each unit, on site laundry, and 12 parking spaces. Well maintained landscaping enhances the property's curb appeal and tenant experience. Armacost Palms is ideally positioned just blocks from Sawtelle Japantown one of LA's most popular dining and cultural destinations and minutes from UCLA, Westwood Village, and the shopping and employment centers of Century City, Brentwood, and Santa Monica. Residents enjoy walkable access to restaurants, cafes, grocery stores, and daily conveniences along Wilshire Boulevard and Bundy Drive. Armacost Palms presents a compelling opportunity to acquire a well maintained, income producing asset in a supply constrained West LA submarket. Individually metered utilities, upgraded infrastructure, and enduring neighborhood demand position this property for durable cash flow and long term appreciation. PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Features
Building Area Total
  1. 6511.00
Country
  1. US
Levels
  1. Two
Netoperatingincome
  1. 180596.00
Parcel Number
  1. 4263007080
Parking Features
  1. Covered
Sourcesystemkey
  1. 26663683:CLAW
Totalexpenses
  1. 124581.00
Year Built
  1. 1956
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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