$5,900,000
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1218 Mcclellan Dr Los Angeles, CA 90025
16 Beds
16 Baths
11,758 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 11,758 sqft
Price per Sqft $422
MLS Listing ID 24-344813
Bedrooms 16
Year Built 1972
Lot Size 8,717 Sqft
Property Description
1218 McClellan Dr is a 16-unit apartment building in a prime West Los Angeles location. The property was built in 1972 with a unit mix comprised of one studio, fourteen large one-bedroom one-bathroom, and one two-bedroom one-bathroom unit. The building is 11,758 sqft on an 8,714 sqft lot zoned LAC2. Amenities include controlled access and gated parking. The building's extremely desirable location demands premium rents upon turnover of units, as this is one block south of Brentwood and one block east of Santa Monica. Within proximity are grocery stores, such as Ralphs, Smart & Final, Bristol Farms, Erewhon Market, and many restaurants, coffee shops, and bars. EXCELLENT LOCATION - WALK SCORE = 93 - 'WALKER'S PARADISE - DAILY ERRANDS DO NOT REQUIRE A CAR'. UNIT MIX CONSISTING OF MOSTLY LARGE 1-BEDROOM UNITS - AVG 735 SQFT. AMENITIES INCLUDE CONTROLLED ACCESS ENTRY AND GATED PARKING. RARE MID-SIZED ASSET - FIRST TIME ON THE MARKET IN 50 YEARS. APPROXIMATELY 23.5% POTENTIAL RENTAL UPSIDE UPON TURNOVER.
Location
State CA
County Los Angeles
Area West L.A.
Zoning LAC2
Rooms
Other Rooms None
Interior
Heating None
Cooling None
Equipment Alarm System
Exterior
Garage Gated
Garage Spaces 16.0
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Marcus & Millichap