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11948 Darlington Ave, Los Angeles, CA 90049
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11948 Darlington Ave Los Angeles, CA 90049

$8,475,000
  • 24 Beds
  • 18 Baths
  • 14,456 Sq.Ft.
For Sale
$8,475,000 Get Pre-Qualified
Map preview of 11948 Darlington Ave, Los Angeles, CA 90049

Property Overview: 11948 Darlington Ave Los Angeles, CA has 24 bedrooms, 18 bathrooms, 14,456 living square feet and 14,702 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: PRICE IS FOR TWO PROPERTIES. 11942 & 11948 Darlington Avenue is a generational multifamily investment opportunity in the heart of LA's famed community of Brentwood. Consisting of 2 properties each with their own APN, the buildings boast an ideal unit mix consisting of mostly large 2 bedroom, 3 bedroom and 4 bedroom units. All of these units are extremely spacious, have a terrific floor plan, and offer an abundance of natural light. Current ownership has invested significant capital into the properties and the majority of the units have been remodeled. The incredible unit mix includes (1) two story 4-bed, 2.5-bath unit, (1) 3-bed, 2 bath unit, (3) 2-bed, 2 bath units, (4) 2-bed, 1.75 bath units, (3) 1-bed, 1 bath units, and (1) efficiency unit. These are trophy assets in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. Additional property features include on-site parking as well as on-site laundry facilities. Additionally, a large storage room has city approved plans for an approximate 429 square foot ADU that when built could increase gross income by over $30,000 annually (Buyer to verify). A quick stroll to the high-end dining on San Vicente Blvd., this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 4 minutes ago | Last updated: May 16th, 2024 | Source CRMLS | DOM: 21
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Home details

Lot Sq. Ft
14,702
HOA Dues
$0/mo
Year built
1967
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24389415
City
Los Angeles
County
Los Angeles
Time on Site
23 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 13
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $5,080
  • Total Rent: $5,080
  • Pro Forma/Market Rent: $5,395
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,688
  • Total Rent: $3,688
  • Pro Forma/Market Rent: $4,495
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,848
  • Total Rent: $8,543
  • Pro Forma/Market Rent: $11,685
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,581
  • Total Rent: $14,324
  • Pro Forma/Market Rent: $15,580
Unit Breakdown 5
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,775
  • Total Rent: $8,325
  • Pro Forma/Market Rent: $9,585
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,148
  • Total Rent: $2,148
  • Pro Forma/Market Rent: $2,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.66
  • Gross Scheduled Income: --
  • Net Operating Income: $312,874
  • Gross Operating Income: $508,817
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 11948 Darlington Ave

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Property Details for 11948 Darlington Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace, Central
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 16
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 13
  • Parcel Number: 4265009055
  • Year Built Source: Assessor
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: In between Wilshire Blvd. and San Vicente Blvd. Just East of Bundy Dr. Prime Brentwood.
View more facts & features

Local Los Angeles Agent

Sale History for 11948 Darlington Ave

Last sold for $3,350,000 on April 19th, 2016

  • May, 2024

  • May 8, 2024

    Date

    Active

    CRMLS: 24389415

    $8,475,000

    Price

  • April, 2016

  • Apr 19, 2016

    Date

    Sold (Public Records)

    Public Records

    $3,350,000

    Price

Show More

Tax History for 11948 Darlington Ave

Assessed Value (2020): $3,626,146
Year Land Value Improved Value Assessed Value
2020 $2,164,864 $1,461,282 $3,626,146

Home Value Compared to the Market

This property vs the competition

11948 Darlington Ave is listed 578.54% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $586.26 per/sqft which puts the price per square foot 24.26% lower than the median price per square foot for the city of Los Angeles.

About 11948 Darlington Ave

Detailed summary of property

11948 Darlington Ave is a multi family located in Los Angeles, CA 90049 and is currently for sale. This multi family property offers 24 bedrooms, 18 bathrooms, roughly 14,456 living square feet, and sits on an approximately 14,702 square foot lot. 11948 Darlington Ave was first listed on ArdentRealEstateGroup.com on May 8, 2024. The homeowner is currently asking $8,475,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 578.54% higher than the median priced home. Local competing homes currently for sale include 2041 N Vermont Ave, 4233 Burns Ave and 667 S Carondelet St. While the average home in Los Angeles, CA is selling in 95 days, 11948 Darlington Ave has a days on market of 21 days. There are currently 3751 homes for sale in the Los Angeles real estate market and 2535 of them are single family homes while 1119 of them are condos and 91 are townhomes. For more information on this home for sale at 11948 Darlington 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 11948 Darlington Ave

Public county record property details
Beds
13
Baths
12
Year built
1967
Sq. Ft.
7,979
Lot Size
7,349
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
10
APN
4265-009-055

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
$3,700,000
Median List Price/Sq.Ft.
$1,087
Median Sold Price
$2,150,000
Median Sold Price/Sq.Ft.
$913
Total Inventory
207
Median Sale to List Price %
97.95%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (11.11%), Other (7.41%)

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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.

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