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449 South Le Doux Road
Los Angeles, CA 90048


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Property Remarks

Price Just Reduced by $1 Million. Irreplaceable Location; Rare opportunity to purchase a 30,417~ SF apartment community in a phenomenal West LA location; Located near the intersection of Burton Way and La Cienega Boulevard, across the street from the SLS Hotel; Walking distance to Cedars Sinai Medical Center, the Beverly Center and La Cienega's famed "Restaurant Row"; Nearly 50% rental upside potential with mostly exterior and common area improvements; bring rents to market as apartments turnover; Potential for condominium conversion exit - Condominiums of similar vintage and size in the area are selling for over $1,250,000 per unit; Spacious units averaging 1,464~ SF; all have balconies; Approximately half of the units have in-unit washer and dryer; Attractive architecture with great frontage; rear courtyard with pool. Rent information shown is average for one unit type. For complete rent roll visit the property website in Private Remarks.

Property Details

MLS#
17212496
Days on Market
95
Year Built
1962
Stories
3
Building/Living Area (sq ft)
30,417
Source of SqFt
Vendor Enhanced
Source of Lot Size
Vendor Enhanced

Location

State
CA
County
Los Angeles
Area
Beverly Center-Miracle Mile (C19)

Presented By:

Listing provided courtesy of Adrienne Barr , Berkadia


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Interior Features
Elevator
Cooking Appliances
Microwave
Range
Equip/Appliances
Dishwasher
Garbage Disposal

Additional Property Details

Number of Units
18
Parking Spaces
32
Number of Buildings
1
Gross Operating Income
$637,559
Total Expense
$233,386
ADA Compliance
No

AC/Cooling
Central A/C
Heating
Other
Parking
Underground

The Hills

Crowned by the iconic Hollywood sign, glittering views and classic glamour make the Hollywood Hills and surrounding areas some of the most sought after real estate in Los Angeles. The views from the Hollywood Hills are almost as famous as the celebrity residents.

Hollywood Hills real estate includes many luxury homes up twisting roadways. Neighborhoods include Beachwood Canyon, Cahuenga Pass, Hollywood Heights, Franklin Village, and Hollywoodland. The Hollywood Hills has seen development since the 1920s so architectural styles vary with anything from castle-like Normandy-style and Tudor homes to Mediterraneans and angular moderns with glass walls for taking in the cityscape. The area also features multifamily homes as well as apartment buildings and larger structures with condos for sale.  

People often move to the Hollywood Hills to be a bit removed from the hustle and bustle of city life. Plenty of green space means that hiking or horseback riding are popular activities. The Franklin Village area offers retail shops and restaurants in a compact area. In the summer Yamashiro Restaurant, famed for its hillside location, runs a farmers market that provides a chance to shop with a view.

Known around the world as a symbol of luxury and beauty, Beverly Hills is more than just a pretty face. Behind the flash of Rodeo Drive and the trendy allure of Robertson Blvd. is a city rich in culture and historic style. The real estate for sale in Beverly Hills is luxurious and abundant. The city’s long history means that a variety of architectural styles abound, from the grand mansions to more modest older homes. Much of the real estate lies in the flats which features all sorts of homes for sale from Tudors and Spanish Revivals to newer modern architecturals. Trousdale Estates offers single-story homes in the hills, many with much coveted mid-century modern style.  

Surrounding areas include Bel-Air, Holmby Hills, Beverly Hills Post Office, Cheviot Hills, Rancho Park, and West Hollywood.

 

Community Explorer

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