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142 S Wetherly Dr
Los Angeles, CA 90048 Beverly Grove

Price Upon Request

Apartments For Sale  •  35,577 SF

Property Details

  • Property Type Apartments
  • Total Building Size 35,577 SF
  • Lot Size 0.41 AC
  • Building Class C
  • Year Built 1969
  • Zoning LAR4
60 Transit Score
88 Walk Score

Highlights

36-unit value-add opportunity located north of Burton Way and east of Doheny Drive near Beverly Hills and West Hollywood
The property is being sold by the family of the original developer and has never been offered for sale since being built.
By implementing an extensive interior renovation concept upon turnover a subsequent buyer can capture a ~$1,287(~35%) loss-to lease
The average unit size is ~827 square feet and each unit is provided with one parking space on a secured and covered lot
Kitty-corner to the Four Seasons Hotel, between Beverly Hills and West Hollywood. Renters have walkable access to entertainment and fine dining
Upon Sale the property will be delivered with (7) seven vacancies, allowing a subsequent buyer to begin capex work upon acquisition

Amenities

  • 24 Hour Access
  • Disposal
  • Laundry Facilities
  • Wi-Fi
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
19 min - 9.5 mi
AirportDriveWalkDistance
Los Angeles International 23 min - 11.4 mi
Bob Hope 25 min - 12.9 mi
Long Beach (Daugherty Field) 41 min - 27.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 39
Type: Covered
Included in Rent: Yes