11727 Ohio, Los Angeles, California 90025, Los Angeles, 90025 - bed, bath
ACTIVE$2,697,000$7,697/sqft
11727 Ohio, Los Angeles, California 90025
0Bed
0Bath
7,697Sqft
7,736Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Franklin Elementary School (9/10).
Top Cons:
Aging Infrastructure: Constructed in 1961, the building's age suggests potential for deferred maintenance and future capital expenditures on major systems (e.g., plumbing, electrical, roof) despite some unit remodels.
Compared to the nearby listings
Compared against 0 nearby listings
More Insights
Built in 1961 (65 years old).
Condition: The property was built in 1961. While the description states 'many units have been remodeled with hardwood floors, A/C and newer appliances,' the provided images reveal kitchens with dated white appliances (built-in oven, electric cooktop, older refrigerator, dishwasher) and older white cabinets, suggesting renovations that are likely 15-30 years old rather than recent. The flooring is hardwood but shows some wear, and cooling is provided by window AC units, not central air. The overall condition appears functional and maintained, but the style and age of the visible components indicate a need for minor updates to meet current standards.
Year Built
1961
Close
-
List price
$2.7M
Original List price
$2.7M
Price/Sqft
$350
HOA
-
Days on market
-
Sold On
-
MLS number
SR26005586
Home ConditionFair
Features
Deck
View-
About this home
Prime Sawtelle neighborhood 9 unit apartment building located in one of the most sought after locations within West Los Angeles. Easy access to the 405/10 freeways, UCLA and Santa Monica College. Building has not had a vacancy in almost 10 years due to high demand for rentals in the area. Fully occupied with lots of upside potential. Gated access with 13 parking spaces including 4 tandem spaces. Many units have been remodeled with hardwood floors, A/C and newer appliances. Offering Memorandum is attached in the supplemental information section of listing. Please read and review before calling. Existing loan of $1.4M at approximately 3% APR is assumable and fixed at that rate through 9/26 subject to fees and lender qualifications. Buyer to cooperate with Seller's 1031 exchange. Seller selects all services.
O
Orlando Cruz
Listing Agent
Nearby schools
5/10
Brockton Avenue Elementary School
Public,•K-5•0.3mi
7/10
Nora Sterry Elementary School
Public,•K-5•0.6mi
8/10
McKinley Elementary School
Public,•PK-5•1.4mi
8/10
Edison Elementary School
Public,•PK-5•1.5mi
6/10
Richland Avenue Elementary School
Public,•K-6•1.5mi
9/10
Franklin Elementary School
Public,•PK-5•1.6mi
8/10
Grant Elementary School
Public,•PK-5•1.7mi
9/10
Overland Avenue Elementary School
Public,•K-5•2.1mi
8/10
Clover Avenue Elementary School
Public,•K-5•2.2mi
8/10
Mar Vista Elementary School
Public,•K-5•2.3mi
8/10
Lincoln Middle School
Public,•6-8•2.1mi
6/10
John Adams Middle School
Public,•6-8•2.3mi
6/10
University Senior High School
Public,•9-12•0.2mi
8/10
Santa Monica High School
Public,•9-12•2.8mi
6/10
Venice Senior High School
Public,•9-12•3.2mi
Condition Rating
Fair
The property was built in 1961. While the description states 'many units have been remodeled with hardwood floors, A/C and newer appliances,' the provided images reveal kitchens with dated white appliances (built-in oven, electric cooktop, older refrigerator, dishwasher) and older white cabinets, suggesting renovations that are likely 15-30 years old rather than recent. The flooring is hardwood but shows some wear, and cooling is provided by window AC units, not central air. The overall condition appears functional and maintained, but the style and age of the visible components indicate a need for minor updates to meet current standards.
Pros & Cons
Pros
Great Schools: Elementary School: Franklin Elementary School (9/10).
Exceptional Location & Accessibility: Situated in the prime Sawtelle neighborhood of West Los Angeles, offering convenient access to major freeways (405/10), UCLA, and Santa Monica College, ensuring high tenant demand.
Proven High Occupancy & Stable Income: The property boasts a near-decade-long history of full occupancy, reflecting strong rental demand in the area and providing a reliable income stream for investors.
Attractive Assumable Financing: Features an assumable loan of $1.4M at an approximate 3% APR, fixed through September 2026, offering a significant financial advantage in the current interest rate environment.
Significant Upside Potential: Despite full occupancy, the property is noted to have 'lots of upside potential,' suggesting opportunities for rent optimization, further unit upgrades, or other value-add strategies.
Valuable On-Site Parking & Security: Provides 13 parking spaces, including tandem, within a gated access system, a highly desirable amenity that enhances tenant satisfaction and property security in a dense urban area.
Cons
Aging Infrastructure: Constructed in 1961, the building's age suggests potential for deferred maintenance and future capital expenditures on major systems (e.g., plumbing, electrical, roof) despite some unit remodels.
1031 Exchange Contingency: The requirement for the buyer to cooperate with the seller's 1031 exchange may introduce additional complexities, strict timelines, and potential closing delays.
Limited Buyer Control Over Services: The seller's stipulation to select all services could restrict the buyer's ability to choose preferred vendors for escrow, title, or other transaction-related services, potentially impacting costs or efficiency.