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$ 5,350,000
Est. payment | /mo
16 Beds
22 Baths
16,309 SqFt
$ 5,350,000
Est. payment | /mo
16 Beds
22 Baths
16,309 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 16,309 sqft
Price per Sqft $328
MLS Listing ID 26672757
Bedrooms 16
HOA Y/N No
Year Built 1972
Lot Size 0.265 Acres
Property Description
We are pleased to present 1630 Hilts Avenue, an exceptional 12-unit multifamily investment opportunity located in one of the most prestigious and supply-constrained rental markets on Los Angeles' coveted Westside. Offered for sale for the first time in decades, this generational asset has been held by the same family ownership for many years and represents the rare opportunity to acquire a well-located Westwood apartment building with irreplaceable fundamentals, strong in-place income, and significant rental upside potential. Constructed in 1972 by the Seller's family, the property sits prominently on a large corner parcel at Hilts Avenue and Holman Avenue, providing strong curb appeal, excellent visibility, and an abundance of natural light throughout the building. The spacious apartment homes are significantly larger than typical modern construction, offering expansive living areas that continue to attract quality tenants seeking space and comfort in one of Los Angeles' most desirable residential neighborhoods. The residences feature a highly desirable amenity package including central air conditioning, a rare feature for buildings of this vintage, as well as fireplaces, oversized kitchens, and private balconies. These features combine to create an attractive residential environment that stands apart from many competing rental properties throughout the Westside. Residents also benefit from on-site laundry facilities and the tranquility of a quiet residential street while remaining moments from the dynamic lifestyle amenities that define West Los Angeles. 1630 Hilts Avenue is ideally situated just minutes from University of California, Los Angeles, one of the nation's premier universities and a major economic driver for the surrounding community. The property also offers convenient access to the employment centers and lifestyle amenities of Century City, Beverly Hills, and Santa Monica, placing residents at the center of the Westside's most desirable destinations.Due to long-term ownership and historically conservative rent increases, the property offers investors the opportunity to significantly increase rental income and unlock substantial value over time. With its large unit sizes, rare amenities, prominent corner location, and long-term family ownership, 1630 Hilts Avenue represents a rare opportunity to acquire a pride-of-ownership apartment building in one of Los Angeles' most prestigious rental markets, offering investors both stable income today and the ability to capture substantial rental upside over time in a highly desirable Westside location.
Location
State CA
County Los Angeles
Area C05 - Westwood - Century City
Zoning LAR3
Interior
Heating Radiant
Cooling Central Air
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Trash Compactor
Exterior
Parking Features Assigned, Garage, Gated, Side By Side, Tandem
Total Parking Spaces 21
Building
Story 2
Entry Level One,Multi/Split
Level or Stories One, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4326025035
Special Listing Condition Standard
Listed by Jonathan Taksa Remax Commercial and Investment Realty #01366169
NEARBY SCHOOL & BUSINESS
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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