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    1529 S Bundy Drive

    West Los Angeles, CA 90025
    • $5,500,000
    • STATUS: Active
    • ON SITE: 124 days
    • ID#: SR20257608
    UPDATED: 104 min ago
    $5,500,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,230
      SQFT
    • $668
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1988
    County:

    School Ratings & Info

    Description

    Motivated Seller - Present Offers. This 9 unit Apartment Building is located at 1529 S. Bundy Drive in prime West Los Angeles. There is rent upside in the high-demand West Los Angeles rental market. This is ideal for your 1031 Exchange Buyer. This modern 9-unit condo-quality apartment complex is located between Westwood and Santa Monica and just south of Brentwood. Built-in 1988, the building consists of (1) two-bedroom / 2.5 bath owners style unit, (1) two-bedroom / 2 bath unit, (4) one-bedroom + loft / two-bath units, and (3) one-bedroom /one-bath units. The building features units flooded with natural light. Some of the units have 18 ceilings and rooftop terraces with city views. All units have hardwood or laminate floors. Most units have stone countertops and upgraded kitchens and baths.The building features a modern faade, private balconies, secure gated parking, controlled building access, and central air conditioning and heat. The property enjoys easy access to major employers in Century City, Westwood, Santa Monica, and Culver City, including growing entertainment and technology giants like Sony, Apple, HBO, and Amazon. The property is also located just a few blocks away from Element LA, a new state of the art 240,000 square foot creative office campus laid out over 12 acres that is currently under construction. The subject property is walking distance to the new Bundy / Expo Metro Station on the Purple Line Extension that provides easy access to downtown.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T12:43:26.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
    www.zemberrealtygroup.com/homes/112612504
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    1529 S Bundy Drive West Los Angeles, CA 90025

    • Price: $5,500,000
    • Status: Active
    • Updated: 104 min ago
    • ID#: SR20257608
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    8,230
    SQFT
    $668
    $/SQFT
    1988
    Built
    Neighborhood:
    WLA - West Los Angeles
    County:
    Los Angeles
    Area:
    WLA - West Los Angeles
    Property Description
    Motivated Seller - Present Offers. This 9 unit Apartment Building is located at 1529 S. Bundy Drive in prime West Los Angeles. There is rent upside in the high-demand West Los Angeles rental market. This is ideal for your 1031 Exchange Buyer. This modern 9-unit condo-quality apartment complex is located between Westwood and Santa Monica and just south of Brentwood. Built-in 1988, the building consists of (1) two-bedroom / 2.5 bath owners style unit, (1) two-bedroom / 2 bath unit, (4) one-bedroom + loft / two-bath units, and (3) one-bedroom /one-bath units. The building features units flooded with natural light. Some of the units have 18 ceilings and rooftop terraces with city views. All units have hardwood or laminate floors. Most units have stone countertops and upgraded kitchens and baths.The building features a modern faade, private balconies, secure gated parking, controlled building access, and central air conditioning and heat. The property enjoys easy access to major employers in Century City, Westwood, Santa Monica, and Culver City, including growing entertainment and technology giants like Sony, Apple, HBO, and Amazon. The property is also located just a few blocks away from Element LA, a new state of the art 240,000 square foot creative office campus laid out over 12 acres that is currently under construction. The subject property is walking distance to the new Bundy / Expo Metro Station on the Purple Line Extension that provides easy access to downtown.
    Exterior Features

    Construction Materials Stucco Exterior Features Awning(S) Fencing Wrought Iron Lot Features LevelPavedRectangular Lot Number Of Separate Electric Meters 10 Parking Features Assigned Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Alley PavedPaved Roof Flat Spa Features None Spa YN No

    Interior Features

    Appliances DisposalGas OvenGas RangeGas Water Heater Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Family RoomGasGas Starter Fireplace YN Yes Flooring LaminateWood Heating Forced Air Heating YN Yes Interior Features Built-In FeaturesBalconyCeiling Fan(S)High CeilingsLiving Room Deck AttachedRecessed LightingTwo Story Ceilings Window Features Bay Window(S)

    Property Features

    Additional Parcels YN No Cap Rate 3.45 Common Interest None Community Features Storm Drain(S)Street LightsSidewalksUrban Electric Expense 998 Fuel Expense 0 Garage YN Yes Gross Income 325317 Gross Scheduled Income 299940 Insurance Expense 3426 Land Lease YN No Laundry Features Common Area Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Maintenance Expense 5200 Net Operating Income 189925 New Construction YN No New Taxes Expense 68750 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Operating Expense 97318 Other Equipment Intercom Other Expense 1120 Pest Control Expense 250 Rent Control YN No Security Features Security SystemClosed Circuit Camera(S)24 Hour SecurityKey Card Entry Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 5440 Utilities Electricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 14997 Water Sewer Expense 4000 Water Source Public Zoning Lar3

    Listing provided courtesy of Cynthia Burts of Burts & Associates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-19T12:43:26.903. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Zember Realty Group. Licensed in the State of California, USA.
     
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