Sold

11937 Kiowa AVE

LOS ANGELES CA, 90049

$3,050,000


$402.37 per sqft

Sold

6 Beds

6 Baths

7,580 sqft

Multi-family

Built in 1961

Generational Opportunity Current ownership has owned the property for nearly 40 years. In its current state the property boasts an outstanding location with massive potential upside once a value add program is completed. The property presents opportunistic buyers the ability unlock immense upside and value at the property by implementing a value add program. Prestigious Brentwood Location located on the Westside of Los Angeles. Brentwood is one of the city's most renowned areas. The historic Brentwood Country Mart and Brentwood Country Club add to the neighborhood's prestigious lifestyle. Classified as Very Walkable by Walkscore.com and boasting one of the lowest population densities in the city, Brentwood offers an exclusive and tranquil atmosphere. The neighborhood s cultural richness is matched by its stylish retail boutiques, cafes, and promenades. With fewer than 400 apartment buildings in Brentwood, the high demand for rentals ensures a secure and lucrative investment opportunity for property owners. High Barrier to Homeownership despite high interest rates home values in Brentwood continues to be ranked in the Top 10 most expensive zip codes in Los Angeles County. Today s year over year home value growth is over 7% with the average home in Brentwood being priced at nearly $3 Million. Close Proximity to Major Employment Hubs strategically located near several prominent employment hubs, boasts a diverse range of job opportunities. A short drive away, Century City stands out as one of the strongest office markets in the country, hosting corporate offices, law firms, and financial institutions. The University of California, Los Angeles (UCLA) campus, in close proximity, serves as a significant employment hub in education, research, and healthcare. Nearby Culver City, known for its burgeoning tech and creative industries, provides additional employment prospects. Beverly Hills, is an upscale area with high-end businesses and luxury retailers, contributing to the economic vibrancy of the broader West Los Angeles region. These employment centers collectively enhance Brentwood s appeal, offering a balance between residential charm and access to diverse job markets.

OC24158158MR

MLS ID

July 29, 2024

Listed

November 4, 2024

Updated

Map

11937 Kiowa AVE
LOS ANGELES CA, 90049

Interior Features

Total Stories

3


Bedrooms

6


Total Bathrooms

6


Laundry Description

Laundry Area


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.18 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Brentwood


Days on Market

53


Garage

No


Parking

Assigned


Parking Total

9


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAR3

Listing History

Date

Event

Price

11/4/2024

Sold

$3,050,000

9/23/2024

Pending

9/3/2024

Price change

$3,350,000

-5%

Listed by Michael Smith with NorthMarq Realty Services, Inc
Listing Contact: 818-903-4676 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Faith Cochran | CA DRE# 02209235 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/4/2024

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