3107 Bagley Ave Los Angeles, CA 90034

Written By David Saghian

12-Unit Multifamily in Cheviot Hills

LIST PRICE: $2,650,000 CAP RATE: 5.39% GRM: 11.12 PRICE PER SQUARE FOOT: $409

Request Offering Memorandum

We are pleased to present 3017 Bagley Avenue, a rare twelve unit offering located in the coveted Cheviot Hills neighborhood, one of Los Angeles’ most established and supply constrained multifamily submarkets. Bordering Culver City, Beverlywood and Palms, the property benefits from exceptional renter demand driven by proximity to major employment hubs, transit corridors and lifestyle amenities including Downtown Culver City, Sony Studios and the Metro E Line.

The property consists of eleven legal units plus one non conforming unit, totaling 6,482 square feet. The unit mix includes two 2br 2ba units, seven 1br 1ba units and three bachelor units, providing a highly diverse and efficient distribution of layouts. At list price, the offering represents 11.12 GRM, a 5.39% cap rate, $220,833 per unit and $409 per square foot, delivering both immediate cash flow and long term upside in a premium Westside location.

The property offers approximately 31% rental upside, creating a significant value add pathway for investors. Importantly, one of the 2br 2ba units will be delivered vacant at the close of escrow, offering immediate repositioning potential for achieving market rents. The site also features space for several potential ADUs (buyer to verify), further enhancing long term income potential.

Investment Highlights

  • Rare twelve unit offering in prestigious Cheviot Hills

  • Eleven legal units plus one non conforming unit

  • Unit mix: two 2br 2ba, seven 1br 1ba, three bachelors

  • 6,482 square foot building in a prime Westside location

  • 11.12 GRM and 5.39% cap rate at list price

  • $220,833 per unit and $409 per foot

  • Approximately 31% rental upside

  • One 2br 2ba unit delivered vacant at close of escrow

  • Potential for multiple ADUs (buyer to verify)

  • Minutes to Culver City, Beverlywood, Sony Studios, Century City and major transit

Exclusively Listed By:

David Saghian

(310) 401-1559

dsaghian@lyonstahl.com

 
David Saghian
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