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$8,475,000   Price Analysis
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11942 11948 Darlington Ave
Los Angeles, CA 90049
24 bed 22 bath 14,456 SqFt ($586/SqFt)
0.34 acre lot. Built 1967
Listed 2024-05-08
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

PRICE IS FOR TWO PROPERTIES.

11942 and 11948 Darlington Avenue is a generational multifamily investment opportunity in the hert of LA's famed community of Brentwood. Consisting of 2 properties each with their own APN, the buildings boast an ideal unit mix consisting of mostly large 2 bedroom, 3 bedroom and 4 bedroom units. All of these units are extremely spacious, have a terrific floor plan and offer an abundance of natural light. Current ownership has invested significant capital into the properties and the majority of the units have been remodeled. The incredible unit mix includes (1) two story 4-bed, 2.5-bath unit, (1) 3-bed, 2 bath unit, (3) 2-bed, 2 bath units, (4) 2-bed, 1.75 bath units, (3) 1-bed, 1 bath units and (1) efficiency unit.

These are trophy assets in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking as well as on-site laundry facilities. Additionally, a large storage room has city approved plans for an approximate 429 square foot ADU that when built could increase gross income by over $30, 000 annually (Buyer to verify). A quick stroll to the high-end dining on San Vicente 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.


Presented by Jonathan Taksa at
RE MAX Commercial & Investment Realty.


Property MLS #24-389415 from TheMLSCLAW

Bedrooms: 24

Total Bathrooms: 22
Full Bathrooms: 22

Cooling Features: Wall/Window
Heating Features: Wall, Central

Lot Size Acres: 0.3375115
Lot Size Source: Assessor
Lot Size Square Feet: 14702

Garage Description: Assigned
Parking Total: 16

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 13
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 2.5, 1 SquareFeet: 5395, 2 BedsTotal: 3, 2 BathsTotal: 2, 2 SquareFeet: 4495, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 11685, 4 BedsTotal: 2, 4 BathsTotal: 1.75, 4 SquareFeet: 15580, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 9585, 6 BathsTotal: 1, 6 SquareFeet: 2495

Source Listing Status: Active
County: Los Angeles
Directions: In between Wilshire Blvd. and San Vicente Blvd. Just East of Bundy Dr. Prime Brentwood.
Source Property Type: Residential Income
Area: Brentwood
Source Neighborhood: Brentwood
Parcel Number: 4265-009-055
Postal Code Plus 4: 5636
Zoning: LAR3
Source System Name: C2C

Listed 2024-05-08
$8,475,000
TheMLSCLAW
Listing removed 2024-04-02
$0
TheMLSCLAW
Price Changed 2023-07-20
$8,525,000
TheMLSCLAW
Listed 2023-03-07
$9,000,000
TheMLSCLAW

Net Operating Income: 312874

Total Square Feet Living: 14456
Year Built: 1967
Levels: Multi Levels
Living Area Source: Assessor
Property Age: 57
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Assessor

Brentwood Science School is a public elementary school located approximately 0.4 miles away.
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University Senior High School Charter is a public high school located approximately 0.5 miles away.
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Paul Revere Middle School is a public middle school located approximately 1.6 miles away.
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Futures Academy - Brentwood is a private middle and high school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.