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The Woodbine Manor | 20 Units | West LA

$5,150,000

3320 Woodbine Street, Los Angeles, CA 90064

Active
Last Updated: 02/28/2025

5.6

Cap Rate

289,339

NOI

Details:
Cap Rate:    5.6%
NOI:    $289,339
Pro Forma Cap Rate :    8.4%
Building Size:    15,432 sqft
Lot Area:    23,092 sqft
Occupancy:    90%
Units:    20
GRM:    11.2
Average Room Size:    850 sqft
Year Built:    1954
Price Per Sqft:    $334
Price Per Unit:    $257,500
Zoning:    R3
Floors:    2
Parking Spots:    20
Investment Strategy:    Value Add
Highlights:
  • Desirable Unit Mix
  • SEISMIC RETROFITTING COMPLETED
  • STRONG RENTAL DEMAND
  • QUALITY TENANTS
  • TWO UNITS DELIVERED VACANT
Description:

Newly Priced | Two Units Delivered Vacant
Offered for the first time in over 40 years, The Woodbine Manor presents an exceptional investment opportunity for the discerning buyer. Built in 1954, this well-maintained two-story walk-up apartment complex features 20 highly desirable units, including (6) spacious 2-bedroom, 2-bathroom units and (14) 1-bedroom, 1-bathroom units. The property consists of two buildings with a combined 15,543 sq. ft. of living space, situated on a three-parcel lot totaling 23,092 sq. ft.

With an impressive Walk Score of 80, the Woodbine Manor is in a highly convenient location, with numerous dining, shopping, and employment options nearby. Strategically located near major landmarks such as Fox and Sony Studios, Griffin Club, Century City Mall, Cheviot Hills Recreation Center, and Rancho Park Golf Course. Residents benefit from easy access to public transportation, ample parking, and short commutes to key areas including Palms, Beverly Hills, Century City, Playa Vista, and Marina del Rey.

This is a rare opportunity to acquire a prime multifamily asset with significant potential in one of Los Angeles’ most sought-after neighborhoods.

Sale includes three APNS:
1) 3320 Woodbine (4316-032-004 )
2) 3328 Woodbine ( 4316-032-009)
3) Parking Lot (4316-032-012)

Please contact David for showing instructions and more information:
David@Swgrp.com
818.970.0915

Map:
Documents:
Title
3320_Woodbine_St_-_Offering_Memorandum_-_SWH_Group_-__5_150_000_WM.pdf
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Location
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