1946 Overland — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90025

Photos

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Investment Figures

Cap rate
4.77%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap, as the exclusive listing agent, is pleased to offer 1946 Overland, a best-in-class newly constructed apartment building with 15 spacious floorplans (ranging from 891-1,481 SF) adjacent to Westwood and Century City in West Los Angeles, CA. The exquisitely designed luxury homes feature a mix of one-bedroom and two-bedroom units with high ceilings, central air & heating, in-residence washer/dryers, abundant closet & storage space, over-sized floor to ceiling windows, and luxury appointments that match the demand preferences of the most discerning renter. In the common areas, the Property features a fitness center, private screening room, lavish rooftop deck with barbecues and fire pits, and a state-of-the-art security system. The award winning architectural and interior design by Valerie Schweitzer Architects incorporates cutting edge environmental sustainability practices, that resulted in the Property achieving LEED Gold certification. 1946 Overland is ideally located near the best of West LA and Beverly Hills including world class shopping at Century City and Rodeo Drive; easy access to the 405 and 10 freeways; and a 5-mile jog to the Pacific Ocean. Combining institutional-quality construction, a premier West Los Angeles location, and strong in-place operations, 1946 Overland presents an exceptional investment opportunity. Investment Highlights: • A Premier Offering: 1946 Overland is an exquisitely designed 15-unit apartment building in prime West LA with high-end finishes that cater to the most discerning renters. • Large Floor Plans: The Property offers a mix of large, condo quality units that include 6 one-bedrooms and 9 two-bedrooms ranging from 891 to 1,481 square feet. • Adjacent to Westwood and Century City: The Property is within 1 mile of both Westwood Village and Century City and their myriad dining, shopping, entertainment, farmer's markets, and more. • Robust Employment: The Property is surrounded by Silicon Beach, one of the most dy

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 4.8% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

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