Sold
1309 AMHERST AVE
LOS ANGELES CA, 90025
$15,200,000
$581.15 per sqft
Sold
40 Beds
40 Baths
26,155 sqft
Residential
Built in 1972
1309 Amherst Avenue is a rare multifamily investment opportunity in the heart of LA's vibrant Westside. Consisting of 28 units surrounding a beautifully landscaped and serene courtyard setting, the building boasts an ideal unit mix consisting of mostly large 1 bedroom & 2 bedroom units. Each of these units is extremely spacious, has a terrific floor plan, and offer an abundance of natural light. Current ownership has invested significant capital into the property and 20 of the 28 units have been remodeled. The unit mix includes (12) 2-bed, 2-bath units, (15) 1-bed, 1-bath units, and (1) efficiency unit. This is a trophy asset in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking for 47 cars , copper plumbing, controlled access entry, an 11 camera video surveillance system, and an on-site laundry facility. All soft story seismic retrofitting has been completed by ownership. A quick walk to the high-end dining and nightlife on Wilshire Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.
22-117203
MLSⓇ ID
January 10, 2022
Listed
May 9, 2024
Updated
Map
1309 AMHERST AVE
LOS ANGELES CA, 90025
Interior Features
Total Stories
2
Bedrooms
40
Total Bathrooms
40
Appliances
Garbage Disposal, Microwave
Laundry Description
Community
Fireplace
Yes
Fireplace Description
Den
Cooling
Yes
Cooling Description
Air Conditioning, Window Unit(s), Wall/Window
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.5 Acres
Other Property Details
Area Name
West L.A.
Days on Market
21
Garage
No
Parking
Assigned
Parking Total
47
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by Jonathan Taksa with Remax Commercial and Investment Realty
Listing Contact: 310-968-5303
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Ramey Ward | CA DRE# 01456908 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 5/9/2024