1320 Armacost Avenue

Marcus and Millichap is pleased to present a nine (9) unit apartment building located at 1320 Armacost Avenue in Los Angeles, California. The subject property is located in a prime West Los Angeles location, north of Santa Monica Boulevard and east of Bundy Drive.

The Westside Cities area is located west of downtown Los Angeles and north of Los Angeles International Airport. The market contains the following submarkets: Brentwood-Westwood-Beverly Hills; West Hollywood; Century City; Palms-Mar Vista; and Santa Monica-Marina del Rey. Cities from Venice to Playa del Rey to Culver City are all located within these submarkets. The region is projected to add 13,500 residents through 2025, resulting in the formation of more than 7,500 households. The upcoming Metro Purple Line extension will place two new mass transit stations in the area, opening additional transit options for residents in 2025 and 2027. Westwood Village and the University of California, Los Angeles sit just northeast of the property, while Santa Monica is a short drive west. This is truly an A+ West LA location within close proximity to Wilshire and Santa Monica Boulevards, offering countless coffee shops, restaurants, shopping, and dining options. The area benefits from the media, technology, and creative office boom in Venice Beach (Silicon Beach) and Santa Monica.

Built in 1970, this property contains a comprehensive unit mix of one (1) studio / one-bathroom unit, four (4) one-bedroom / one-bathroom units, three (3) two-bedroom / one-bathroom units, and one (1) three-bedroom / two-bathroom unit. Fully parked on-site tuck-under parking is available at the front and rear of the building. The units are large, averaging just under 900 square feet each. Select units feature balcony space overlooking a lovely residential corridor in one of the most upscale markets of Los Angeles. Tenants will love living just down the street from incredible amenities such as Literati Cafe, Sushi Sasabune, Wood Ranch, Q’s Restaurant, Blu Jam Cafe, and Target. The area is widely known to attract highly affluent tenants with jobs in tech and media around Silicon Beach.

Situated in a prime West Los Angeles location, this is an excellent opportunity for any investor to capitalize on strong rental upside in one of the most affluent markets of Los Angeles.