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Key Details
Sold Price $3,050,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,580 sqft
Price per Sqft $402
MLS Listing ID CROC24158158
Sold Date 11/01/24
HOA Y/N No
Year Built 1961
Lot Size 7,879 Sqft
Acres 0.18
Property Description
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 b
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 4265011049
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with MichaelSmith
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122