1677 Westholme Ave, Los Angeles, CA 90024
10 Unit Apartment Building in Westwood
LIST PRICE: $4,895,000 CAP RATE: 4.43% GRM: 14.55 PRICE PER SQUARE FOOT: $414
1677 Westholme Avenue presents a rare opportunity to acquire a trophy multifamily asset situated on a prominent corner lot in one of Los Angeles’ most sought-after rental markets. Built in 1963, this well-maintained, pride-of-ownership property spans approximately 11,837 square feet and features a diverse and highly desirable unit mix consisting of (3) two-bedroom, two-bathroom units, (6) one-bedroom, one-bathroom units, and (1) studio unit. With its commanding corner presence, attractive mid-century architecture, the property boasts exceptional curb appeal that sets it apart from comparable buildings in the area.
The property offers long-term investment stability and upside, featuring gated parking, controlled access entry, and on-site laundry facilities. One unit will be delivered vacant at the close of escrow, providing immediate value-add potential. With approximately 21% rental upside, investors have an excellent opportunity to increase cash flow through interior renovations and leasing at market rents. Several units have already been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly appealing to today’s renters.
Perfectly located in the heart of Westwood, 1677 Westholme Avenue is adjacent to West Los Angeles and just minutes from Century City and UCLA, offering unmatched proximity to world-class dining, shopping, and employment hubs. This corner trophy asset represents an outstanding opportunity to acquire a stabilized, income-producing property with strong fundamentals, proven ownership history, and value-add upside in one of the Westside’s most supply-constrained and high-demand submarkets.
Investment Highlights
Rare Westwood Location– Between Century City & Little Holmby. Best of West LA — close to top dining, shopping, and major hub centers.
Diverse Unit Mix Featuring Spacious Layouts - (6) 1BR/1BA, (3) 2BR/2BA, & (1) Studio Units
Modern Interior Finishes – Several units have been tastefully updated with hardwood floors, stainless appliances, and granite countertops.
Conveniently located near Santa Monica Blvd, Wilshire Blvd, and the soon-to-open Metro Purple Line extension, offering excellent transit.
Well-Maintained Property – Features a refreshed lobby, modern telecom system, upgraded electrical panels, remodeled elevator, and roof.
21% Upside in Market Rents
Exclusively Listed By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com