1677 Westholme Ave
LOS ANGELES, CA 90024

Property

Ownership: For Sale
Bedrooms: 12 BR
Bathrooms: 12
Area: 7689 sq ft
Lot Size: 0.18 Acres

Financials

Price:$4,895,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc.

1677 Westholme Ave 12BR Westwood La

Description

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 and attractive midcentury 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. The property is surrounded by multi-million dollar single-family homes, enhancing its prestige and long-term desirability. 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.

Neighborhood

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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.