11937 Kiowa Ave, Los Angeles, CA 90049
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11937 Kiowa Ave Los Angeles, CA 90049

$3,350,000
  • 10 Beds
  • 11 Baths
  • 7,580 Sq.Ft.
For Sale
$3,350,000 Get Pre-Qualified

Map preview of 11937 Kiowa Ave, Los Angeles, CA 90049

Property Overview: 11937 Kiowa Ave Los Angeles, CA has 10 bedrooms, 11 bathrooms, 7,580 living square feet and 7,879 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Generational Opportunity – Current ownership has owned the property for nearly 40 years. In its current state the property boasts an outstanding location with massive potential upside once a value add program is completed. The property presents opportunistic buyers the ability unlock immense upside and value at the property by implementing a value add program. Prestigious Brentwood Location – located on the Westside of Los Angeles. Brentwood is one of the city's most renowned areas. The historic Brentwood Country Mart and Brentwood Country Club add to the neighborhood's prestigious lifestyle. Classified as “Very Walkable” by Walkscore.com and boasting one of the lowest population densities in the city, Brentwood offers an exclusive and tranquil atmosphere. The neighborhood’s cultural richness is matched by its stylish retail boutiques, cafes, and promenades. With fewer than 400 apartment buildings in Brentwood, the high demand for rentals ensures a secure and lucrative investment opportunity for property owners. High Barrier to Homeownership – despite high interest rates home values in Brentwood continues to be ranked in the Top 10 most expensive zip codes in Los Angeles County. Today’s year over year home value growth is over 7% with the average home in Brentwood being priced at nearly $3 Million. Close Proximity to Major Employment Hubs – strategically located near several prominent employment hubs, boasts a diverse range of job opportunities. A short drive away, Century City stands out as one of the strongest office markets in the country, hosting corporate offices, law firms, and financial institutions. The University of California, Los Angeles (UCLA) campus, in close proximity, serves as a significant employment hub in education, research, and healthcare. Nearby Culver City, known for its burgeoning tech and creative industries, provides additional employment prospects. Beverly Hills, is an upscale area with high-end businesses and luxury retailers, contributing to the economic vibrancy of the broader West Los Angeles region. These employment centers collectively enhance Brentwood’s appeal, offering a balance between residential charm and access to diverse job markets.

Listed by Michael Smith | BRE #01460413 | NorthMarq Realty Services, Inc
Last checked: 32 seconds ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 48

Home details

Lot Sq. Ft
7,879
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Apartment
Status
Active
MLS#
OC24158158
City
Los Angeles
County
Los Angeles
Time on Site
49 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Leased Units: 9
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,480
  • Total Rent: $3,480
  • Pro Forma/Market Rent: $4,150
Unit Breakdown 2
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,400
  • Total Rent: $2,800
  • Pro Forma/Market Rent: $2,150
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,595
  • Total Rent: $2,595
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,011
  • Total Rent: $10,055
  • Pro Forma/Market Rent: $2,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $227,160
  • Net Operating Income: $129,283
  • Gross Operating Income: $227,473
  • Other Income 1: $4,860
Annual Expense Breakdown
  • Total Operating Expense: $98,190
  • Electric: $1,057
  • Gas/Fuel: $1,017
  • Trash: $1,772
  • Insurance: $10,800
  • Professional Management: $11,374
  • Water/Sewer: $2,737

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Property Details for 11937 Kiowa Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Assigned, Attached Carport
Lot Information
  • Lot Features: Lot 6500-9999, Near Public Transit, Over 40 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 9
  • Parcel Number: 4265011049
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: Kiowa Avenue between South Westgate Ave and Bundy Drive
Neighborhood Information
  • Community Features: Biking, Golf, Sidewalks, Storm Drains, Street Lights, Urban
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Sale History for 11937 Kiowa Ave

View property's historical transactions
  • August, 2024

  • Aug 1, 2024

    Date

    Active

    CRMLS: OC24158158

    $3,500,000

    Price

Tax History for 11937 Kiowa Ave

Assessed Value (2020): $379,490
Year Land Value Improved Value Assessed Value
2020 $160,265 $219,225 $379,490

Home Value Compared to the Market

This property vs the competition

11937 Kiowa Ave is listed 179.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $441.95 per/sqft which puts the price per square foot 42.45% lower than the median price per square foot for the city of Los Angeles.

About 11937 Kiowa Ave

Detailed summary of property

11937 Kiowa Ave is a apartment located in Los Angeles, CA 90049 and is currently for sale. This apartment offers 10 bedrooms, 11 bathrooms, roughly 7,580 living square feet, and sits on an approximately 7,879 square foot lot. 11937 Kiowa Ave was first listed on ArdentRealEstateGroup.com on August 1, 2024. The homeowner is currently asking $3,350,000 and was originally asking $3,500,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 179.17% higher than the median priced home. Local competing homes currently for sale include 3720 Midvale Ave, 11401 Washington Pl and 3631 Motor Ave. While the average home in Los Angeles, CA is selling in 106 days, 11937 Kiowa Ave has a days on market of 48 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 11937 Kiowa Ave Los Angeles, CA 90049 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11937 Kiowa Ave

Public county record property details
Beds
10
Baths
13
Year built
1961
Sq. Ft.
7,580
Lot Size
7,876
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
4265-011-049

The source for these homes facts are from public records.

90049 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$3,495,000
Median List Price/Sq.Ft.
$1,156
Median Sold Price
$2,425,000
Median Sold Price/Sq.Ft.
$950
Total Inventory
191
Median Sale to List Price %
97.19%
Avg Days on Market
37
Loan Type
Conventional (14.81%), FHA (0%), VA (0%), Cash (7.41%), Other (0%)

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Related Resources to 11937 Kiowa Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.