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11957 Kiowa Ave, Los Angeles, CA 90049
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11957 Kiowa Ave Los Angeles, CA 90049

$3,125,000
  • 9 Beds
  • 7 Baths
  • 5,171 Sq.Ft.
For Sale
$3,125,000 Get Pre-Qualified
Map preview of 11957 Kiowa Ave, Los Angeles, CA 90049

Property Overview: 11957 Kiowa Ave Los Angeles, CA has 9 bedrooms, 7 bathrooms, 5,171 living square feet and 7,877 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: 11957 Kiowa Ave is an exceptional investment opportunity in the coveted Brentwood neighborhood of West Los Angeles. This property features a well-maintained two-story building built in 1956 with a wood frame and stucco construction. It is approximately 5,171 sf on a 7,875 sf lot. The unit mix comprises five one-bedroom, one-bathroom, and two two-bedroom, one-bathroom units. Four units are renovated, offering a modern touch and increased desirability. One of the one-bedroom units is currently vacant. Seven parking spaces are available at the rear of the property, and the owner has completed the required soft-story earthquake retrofit work. The buyer can add future value by converting the detached carport at the back of the property into an ADU (Buyer to verify). Situated near grocery stores, including Whole Foods and Ralphs, and a diverse selectionof dining options, coffee shops, and yoga studios, this investment property presents a prime chance to capitalize on Brentwood's thriving rental market. It offers an excellent opportunity for long-term growth in one of Los Angeles's most desirable locations and is for sale for the first time in 60 years.

Listed by Benjamin Lewin | BRE #02040686 | Marcus & Millichap
Last checked: 15 minutes ago | Last updated: May 28th, 2024 | Source CRMLS | DOM: 39
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Home details

Lot Sq. Ft
7,877
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24394191
City
Los Angeles
County
Los Angeles
Time on Site
39 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,038
  • Total Rent: $2,038
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,295
  • Total Rent: $2,295
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,802
  • Total Rent: $2,802
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,444
  • Total Rent: $2,444
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,730
  • Total Rent: $1,730
  • Pro Forma/Market Rent: $2,495
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $3,150
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,495
  • Total Rent: $2,495
  • Pro Forma/Market Rent: $2,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.86%
  • Gross Rent Multiplier: 16.58
  • Gross Scheduled Income: --
  • Net Operating Income: $120,649
  • Gross Operating Income: $184,475
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 11957 Kiowa Ave

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Property Details for 11957 Kiowa Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Community
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • Has Parking
  • Parking Features: Covered
Property Information
  • Total # of Units: 7
  • Parcel Number: 4265011054
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of Bundy Dr and West of Westgate Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 11957 Kiowa Ave

Last sold on March 13th, 2017

  • May, 2024

  • May 20, 2024

    Date

    Active

    CRMLS: 24394191

    $3,125,000

    Price

  • March, 2017

  • Mar 13, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 11957 Kiowa Ave

Assessed Value (2020): $275,017
Year Land Value Improved Value Assessed Value
2020 $160,265 $114,752 $275,017

Home Value Compared to the Market

This property vs the competition

11957 Kiowa Ave is listed 152.83% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $604.33 per/sqft which puts the price per square foot 22.02% lower than the median price per square foot for the city of Los Angeles.

About 11957 Kiowa Ave

Detailed summary of property

11957 Kiowa Ave is a multi family located in Los Angeles, CA 90049 and is currently for sale. This multi family property offers 9 bedrooms, 7 bathrooms, roughly 5,171 living square feet, and sits on an approximately 7,877 square foot lot. 11957 Kiowa Ave was first listed on ArdentRealEstateGroup.com on May 20, 2024. The homeowner is currently asking $3,125,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 152.83% higher than the median priced home. Local competing homes currently for sale include 3794 Rosewood Ave, 3758 Inglewood Blvd and 12028 Venice Blvd. While the average home in Los Angeles, CA is selling in 99 days, 11957 Kiowa Ave has a days on market of 39 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 11957 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 11957 Kiowa Ave

Public county record property details
Beds
9
Baths
7
Year built
1956
Sq. Ft.
5,171
Lot Size
7,874
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
4265-011-054

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
$3,850,000
Median List Price/Sq.Ft.
$1,087
Median Sold Price
$2,325,000
Median Sold Price/Sq.Ft.
$915
Total Inventory
199
Median Sale to List Price %
93.19%
Avg Days on Market
26
Loan Type
Conventional (2.78%), FHA (0%), VA (0%), Cash (22.22%), Other (5.56%)

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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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