1529 S Bundy Drive

    West Los Angeles, CA 90025
    • $6,995,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: SR19171439
    UPDATED: 137 min ago
    $6,995,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,230
      SQFT
    • $850
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1988
    County:

    School Ratings & Info

    Description

    Burts & Associates are pleased to present the opportunity to acquire 1529 S. Bundy Drive in prime West Los Angeles. This 9-unit condo quality apartment complex is located between Westwood and Santa Monica, just south of Brentwood and is walking distance to the amenities on Santa Monica Boulevard?s retail corridor. The property enjoys easy access to major employers in Century City, Westwood, Santa Monica and Culver City, including growing entertainment and technology giants like Sony, Apple, HBO, and Amazon. The property is also located just a few blocks away from Element LA, a new state of the art 240,000 square foot creative office campus laid out over 12 acres that is currently under construction. The 405 and 10 freeways are located several blocks to the east.Built in 1988, this non-rent control building consists of 2 two-bedroom, 2.5 bath units, 4 one-bedroom + loft, one bath units, and 3 one-bedroom, one bath units. The building features units flooded with natural light. Some of the units have 18? ceilings and roof top terraces with city views. All units have hardwood floors, stone countertops and upgraded kitchens and baths. The building features a modern fa~ade, private balconies, secure gated parking, controlled building access and centr

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    Based on information from CARETS as of 2019-09-14T23:46:11.667. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.lydiagable.com/homes/97053573

    1529 S Bundy Drive West Los Angeles, CA 90025

    • Price: $6,995,000
    • Status: Active
    • Updated: 137 min ago
    • ID#: SR19171439
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    8,230
    SQFT
    $850
    $/SQFT
    1988
    Built
    Neighborhood:
    West Los Angeles (WLA)
    County:
    Los Angeles
    Area:
    West Los Angeles (WLA)
    Property Description
    Burts & Associates are pleased to present the opportunity to acquire 1529 S. Bundy Drive in prime West Los Angeles. This 9-unit condo quality apartment complex is located between Westwood and Santa Monica, just south of Brentwood and is walking distance to the amenities on Santa Monica Boulevard?s retail corridor. The property enjoys easy access to major employers in Century City, Westwood, Santa Monica and Culver City, including growing entertainment and technology giants like Sony, Apple, HBO, and Amazon. The property is also located just a few blocks away from Element LA, a new state of the art 240,000 square foot creative office campus laid out over 12 acres that is currently under construction. The 405 and 10 freeways are located several blocks to the east.Built in 1988, this non-rent control building consists of 2 two-bedroom, 2.5 bath units, 4 one-bedroom + loft, one bath units, and 3 one-bedroom, one bath units. The building features units flooded with natural light. Some of the units have 18? ceilings and roof top terraces with city views. All units have hardwood floors, stone countertops and upgraded kitchens and baths. The building features a modern fa~ade, private balconies, secure gated parking, controlled building access and centr
    Exterior Features

    Common Walls Attached Doors Sliding Glass Door(S) Garage Spaces Total 15.0 Lot Description CurbsSidewalksStorm DrainsStreet LightingLot Shape-RectangularLot-Level/Flat Lot Location Near Public TransitPark Nearby Open Other Spaces Total 16 Other Structural Features Balcony Pool Descriptions No Pool View City Lights ViewHills View

    Interior Features

    Appliances Garbage DisposalRefrigeratorVented Exhaust Fan Bedroom Features Master Bedroom2 Master Bedrooms Cooking Appliances RangeBuilt-InsGasMicrowaveRange Hood Cooling Type Central A/C Fireplace Rooms Family Room Fireplace YN Yes Floor Material Wood Heating Type Central FurnaceForced Air Interior Features Cathedral-Vaulted CeilingsHigh Ceilings (9 Feet+)Living Room BalconyLiving Room Deck AttachedTwo Story Ceilings Kitchen Features Granite CountersStone Counters Laundry Locations Laundry Area Levels Three Or More Levels Number Dishwasher 9 Number Disposal 9 Number Range 9 Number Refrigerator 9 Rooms Loft Total Floors 3 Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 2.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Water Heater Features Gas

    Property Features

    Cap Rate 2.68 Country United States Of America Expense Electric 0.00 Expense Gas 1650.00 Expense Insurance 3800.00 Expense Licenses 1062.00 Expense Maintenance 2800.00 Expense Operating 104789.00 Expense Operating Percent 35.0 Expense Other 225.00 Expense Other Description Fire Ext Expense Pest 220.00 Expense Tax 87438.00 Expense Total Annual 104789.00 Expense Trash 2025.00 Expense Water 4750.00 Gross Rent Multiplier 23.65 Gross Scheduled Income 295800.00 Hoa YN N Laundry Income 1992.0 Listing Terms CashCash To New Loan Lot Size Source Public Records Monthly Gross Income 292536.00 Net Operating Income 187746.00 Number Electric Meters 10 Number Gas Meters 10 Number Of Buildings 1 Number Water Meters 1 Possession Close of Escrow Professional Management 0.0 Property Condition Updated/Remodeled Security Safety Card/Code AccessExterior Security Lights Sewer Public Sewer Special Conditions Standard Sale Tenant Pays Cable TvGasOther Unit Monthly Rent01 100200.00 Unit Monthly Rent02 129600.00 Unit Monthly Rent03 66000.00 Unit Projected Total Monthly Rent01 106200.00 Unit Projected Total Monthly Rent02 148800.00 Unit Projected Total Monthly Rent03 78000.00 Unit Total Monthly Rent01 100200.00 Unit Total Monthly Rent02 129600.00 Unit Total Monthly Rent03 66000.00 Unit Type01 3 Unit Type02 4 Unit Type03 2 Units Total In Complex 9 Vacancy Allow Dollar 5256.0 Vacancy Allow Percent 2.0 Water Water DistrictPublic Zoning Lar3

    Listing provided courtesy of Cynthia Burts DRE#01134271 of Burts & Associates.


    Based on information from CARETS as of 2019-09-14T23:46:11.667. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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    Westlake CA, 91361