Los Angeles, CA 90049,11937 Kiowa AVE
Los Angeles, CA 90049,11937 Kiowa AVE
Los Angeles, CA 90049,11937 Kiowa AVE
3
$3,050,000
$3,350,000
9.0%
Est.Price: ?

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7,580 SqFt

11937 Kiowa AVE Los Angeles, CA 90049

Est. payment /mo
SOLD DATE : 11/01/2024

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Key Details

Sold Price $3,050,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 7,580 sqft

Price per Sqft $402

MLS Listing ID OC24158158

Sold Date 11/01/24

HOA Y/N No

Year Built 1961

Tax Year 2024

Lot Size 7,880 Sqft

Acres 0.1809

Property Sub-Type Apartment

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 being priced at nearly $3 Million.

Close Proximity to Major Employment Hubs – strategically located near several prominent employment hubs, boasts a diverse range of job opportunities. A short drive away, Century City stands out as one of the strongest office markets in the country, hosting corporate offices, law firms, and financial institutions. The University of California, Los Angeles (UCLA) campus, in close proximity, serves as a significant employment hub in education, research, and healthcare. Nearby Culver City, known for its burgeoning tech and creative industries, provides additional employment prospects. Beverly Hills, is an upscale area with high-end businesses and luxury retailers, contributing to the economic vibrancy of the broader West Los Angeles region. These employment centers collectively enhance Brentwood's appeal, offering a balance between residential charm and access to diverse job markets.

Location

State CA

County Los Angeles

Area C06 - Brentwood

Zoning LAR3

Interior

Laundry Common Area

Exterior

Parking Features Assigned, Attached Carport

Pool None

Community Features Biking, Golf, Sidewalks, Storm Drains, Street Lights, Urban

Private Pool No

Building

Lot Description Lot 6500-9999, Near Public Transit, Over 40 Units/Acre

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Special Listing Condition Standard

Lease Land No

Confidential INFO

TERMS Cash,Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE Agent

SHOW CONTACT NAME Mike Smith

SHOW CONTACT PH 8189034676

SHOW INSTRUCTIONS Please contact us to schedule a personal property tour. Mike Smith at msmith@northmarq.com (818) 903-4676 or Tommy Yates at tyates@northmarq.com (415) 408-1019.

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CRMLS Plus
Listed by NorthMarq Realty Services, Inc
Bought with NorthMarq Realty Services, Inc
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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