1505 & 1515 Veteran Ave | Los Angeles, CA 90024

Written By Michael Monempour

SALE PRICE: $5,600,000

PRICE/UNIT: $266k          PRICE/SF: $329                  GRM: 19.44                 CAP RATE: 3.25%

TRANSACTION HIGHLIGHTS

  • RARE double lot consisting of 17,000 SF zoned LA-R3 eligible for transit oriented communities

  • AAA+ Prime Westwood location - situated on one of the most desirable rental markets in Los Angeles

  • CURRENTLY 9 units existing on the two lots that traded for 19.44 GRM & 3.25% CAP on in place rentals

  • DEVELOPER has plans to redevelop the property into a co-living style community apartment building

  • PROPERTIES sold off market - buyer + seller both represented by Michael Monempour

 
Free Property Valuation
Michael Monempour
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