1118 S Oakhurst Dr, Los Angeles, CA 90035

Oct 31

Written By Jake Glaser

4 Units in Pico Robertson Adjacent to Beverly Hills

Sold: $1,900,000

Property Highlights

Glaser Group closed 1118 South Oakhurst Drive, a 4-unit multifamily property in Pico Robertson near Beverly Hills and Century City.
Asset traded at $475,000 per unit and $383/SF, achieving a 4.12% cap rate and 15.62 GRM.
Built in 1971, 4,952 SF property features spacious units averaging approximately 1,200 SF.
Unit mix consists of two 2-bedroom units and two 1-bedroom units with large, functional layouts.
Glaser Group exclusively represented Buyer in a strategic 1031 exchange as part of a two-property up-leg.
Transaction was completed off-market and closed in under 30 days, demonstrating strong execution.
Seller was represented by Mark Ventre of Lyon Stahl Investment Real Estate.

The Deal Story

The Glaser Group is proud to announce the successful closing of 1118 South Oakhurst Drive, Los Angeles, CA 90035, a four-unit multifamily property located in Pico Robertson, adjacent to Beverly Hills and Century City.

The property sold for $475,000 per unit, $383/SF, at a 4.12% cap rate and 15.62 GRM. Built in 1971, the 4,952 square foot building features a unit mix of (2) 2-bedroom / 1-bathroom units and (2) 1-bedroom / 1-bathroom units, with an average unit size of approximately 1,200 square feet, offering spacious layouts rarely found in comparable assets.

The Glaser Group exclusively represented the Buyer as part of a strategic 1031 exchange. As part of the client’s plan to liquidate a partnership interest in a nearby rental property, we executed on their business plan to reinvest the proceeds into similar assets with long-term upside. This acquisition marks the second of two up-leg transactions we successfully completed on behalf of the Buyer.

The Seller was represented by Mark Ventre of Lyon Stahl, showcasing the strength of our firm’s collaborative internal network and our ability to coordinate a seamless transaction from start to finish.

This transaction was completed entirely off-market and closed in under 30 days, highlighting our team’s ability to source and execute on high-quality opportunities.

If you’re considering a sale, exchange, or acquisition, contact The Glaser Group at (310) 230-5157.