Sold
Closed
11937 Kiowa Avenue
Los Angeles CA, 90049
$3,050,000
$402.37 per sqft
Sold
Closed
7,580 sqft
Condos
Built in 1961
Listed by Michael Smith with NorthMarq Realty Services, Inc 818-903-4676
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.
OC24158158
MLSⓇ ID
August 1, 2024
Listed
December 11, 2024
Updated
Map
11937 Kiowa Avenue
Los Angeles CA, 90049
Interior Features
Total Stories
3
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.18 Acres
Lot Features
Over 40 Units/Acre, Near Public Transit
Sewer
Public Sewer
Other Property Details
Area Name
C06 - Brentwood
Days on Market
53
Garage
No
Parking
Attached Carport, 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% |
Listing Contact: 949-717-5200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/11/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/11/2024 at 9:20 PM UTC