34.04991 -118.429794

1942 Pelham Avenue LOS ANGELES, CA 90025

321750064 34.04991 -118.429794 124 /listing/321750064-150290053/1942-pelham-avenue-los-angeles-ca-90025 False 0 8500000.0 105 18 24 22192115 False
  • $8,500,000
  • 18 bd
  • 24 ba
  • 0.31 lot
  • Est payment $45629.84/mo

Property & Neighborhood Info

Courtesy Of Brent Sprenkle, DRE#01290116, Berkadia

Multi-Family in Los Angeles

1942 Pelham Avenue, a 16-unit apartment community located in Century City. 1942 Pelham has been well maintained by current ownership and has received interior upgrades to select units and a revamped exterior facade. Current rents at the property are approximately 25% below post-renovation market rents allowing a new owner to capture significant rent premiums upon unit turnover. 1942 Pelham Avenue features a unit mix comprised of two (2) studios, six (6) one-bedroom/one-bathroom units, and eight (8) two-bedrooms/one-and-half bathrooms units. The structure sits on a double (R3) lot measuring just over 13,500 square feet. 1942 Pelham includes a two-story walk-up property with parking for every bedroom. 1942 Pelham is generously parked, with a mix of spaces on grade in the front, rear, and a selection of private garage spaces. Additional amenities include a lobby, shared laundry facility with two (2)washers and two (2) dryers, and a courtyard style pool. 1942 Pelham Avenue has a location that is desired by residents as it affords them short commute times to major employments hubs and lifestyle choices that can be accessed by the main thoroughfares located in proximity to their front door. Situated between Olympic Boulevard and Santa Monica Boulevard just east of Westwood Boulevard, residents of 1942 Pelham can work in Century City and visit the Santa Monica beaches all within a 10-minute drive. Other notable submarkets directly adjacent to 1942 Pelham include Westwood, Rancho Park, Brentwood, and West LA a truly dynamic Westside location.

Courtesy Of Brent Sprenkle, DRE#01290116, Berkadia
  1. 18 Beds
  2. 24 Baths
  3. 0.31 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1959
  • County: LOS ANGELES
  • Units: 16
  • Zoning: LAR3
  • MLS Number:22192115

Additional Features

  • Laundry:
    • CommonArea
  • Appliances:
    • Dishwasher
    • Refrigerator
  • Attached Garage:
    • Y
  • New Construction:
    • N
  • Pool:
    • Community
    • InGround
  • Carport:
    • Y
  • Parking:
    • Assigned
    • AttachedCarport
  • Community Features:
    • Pool
  • Number of Buildings:
    • 1
  • Gross Income:
    • 422034
  • Net Operating Income:
    • 242345
  • HOA:
    • N
  • Special Conditions:
    • Standard
  • DOM:
    • 55
  • Listing Service:
    • FullService
  • Listing Type:
    • SellerReserved
  • Listing Key:
    • 1021807358
  • Parcel Number:
    • 4321008030
  • Possession:
    • CloseOfEscrow
  • Public Document Count:
    • 0
  • Quarter Bath:
    • 0
  • Three Quarter Bath:
    • 0
Neighborhood info courtesy of Homes.com © 2022

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Darrell Done
Darrell Done
REALTOR®
388 South Lake Pasadena CA 91101
Request More Info
34.04991 -118.429794

1942 Pelham Avenue LOS ANGELES, CA 90025

321750064 34.04991 -118.429794 124 /listing/321750064-150290053/1942-pelham-avenue-los-angeles-ca-90025 False 0 8500000.0 105 18 24 22192115 False
  • $8,500,000
  • 18 bd
  • 24 ba
  • 0.31 lot
  • Est payment $45629.84/mo