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