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Listing Details

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School Ratings & Info

Description

We are pleased to present this new construction 8-unit building located at 1261 Stoner Avenue in Los Angeles, California. The Offering sits on 6,998 square feet of land with 11,485 square feet of rentable area and consists of (1) 2 Bed / 2.5 Bath, (3) 3 Bed / 2.5 Bath, and (4) 3 Bed / 3 Bath units.The Subject property is ideally located just blocks from the Wilshire & Bundy intersection and offers ocean views from its rooftop deck. Built in 2019, The Offering requires extremely low maintenance and management as it is constructed with high-end materials and luxury finishes. This environmentally-friendly LEED Platinum apartment utilizes passive design techniques aimed to minimize the energy load, and thus the environmental footprint of its occupants. Coupled with state-of-the-art technology, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.The Offering's remarkable design, plethora of unique amenities, and superior walkability (88 Walk Score) offers residents a living experience unrivaled by any competing properties in the sub-market. Additionally, residents also benefit from the Propertys central location, providing easy access to many of Los Angeles major employment hubs including Santa Monica, Westwood, Century City, and Beverly Hills.With its premier location, stylish architecture, low maintenance/management and highend unit finishes, 1261 Stoner Avenue offers investors a turnkey asset with great returns and appreciation, in one of the best pockets of town.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T23:42:41.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/121401995
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1261 Stoner Ave Los Angeles, CA 90025

  • Price: $9,000,000
  • Status: Active
  • MLS #: 21-783476
23
Beds
0
Baths
0
½ Baths
0.16
Acres
11,485
SQFT
$784
$/SQFT
2019
Built
Neighborhood:
West L.A.
County:
Los Angeles
Area:
West L.A.
Property Description
We are pleased to present this new construction 8-unit building located at 1261 Stoner Avenue in Los Angeles, California. The Offering sits on 6,998 square feet of land with 11,485 square feet of rentable area and consists of (1) 2 Bed / 2.5 Bath, (3) 3 Bed / 2.5 Bath, and (4) 3 Bed / 3 Bath units.The Subject property is ideally located just blocks from the Wilshire & Bundy intersection and offers ocean views from its rooftop deck. Built in 2019, The Offering requires extremely low maintenance and management as it is constructed with high-end materials and luxury finishes. This environmentally-friendly LEED Platinum apartment utilizes passive design techniques aimed to minimize the energy load, and thus the environmental footprint of its occupants. Coupled with state-of-the-art technology, luxury designer finishes, and an emphasis on community, these timeless living spaces enhance tenant comfort, health, and financial savings.The Offering's remarkable design, plethora of unique amenities, and superior walkability (88 Walk Score) offers residents a living experience unrivaled by any competing properties in the sub-market. Additionally, residents also benefit from the Propertys central location, providing easy access to many of Los Angeles major employment hubs including Santa Monica, Westwood, Century City, and Beverly Hills.With its premier location, stylish architecture, low maintenance/management and highend unit finishes, 1261 Stoner Avenue offers investors a turnkey asset with great returns and appreciation, in one of the best pockets of town.
Exterior Features

Lot Size Area 6999 Other Structures None Parking Garage Covered Parking Total Parking 16

Interior Features

Baths Total 22.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 4066128 Gross Income 491400 Gross Operating Income 476658 Like Units1 4 Like Units2 1 Like Units3 3 Net Operating Income 317010.00 Number Of Buildings 1 Number Of Units 8 Sale Type Standard Source Living Area Builder Source Lot Size Area Vendor Enhanced Total Annual Expense 159648 Type Of Units Market Year Built Source Builder Zoning Lar3

Listing provided courtesy of Filip Niculete DRE#01905352 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-18T23:42:41.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253