1524 Granville Ave, Los Angeles, CA 90025

Oct 15

Written By Jake Glaser

10 Units in Prime Sawtelle | 100% Non-RSO | All Cash & 30-Day Closing

Sold: $4,965,000

$496,500/Unit

$347.25/SF

5.93% Cap Rate

11.23 GRM

The Deal Story

CLOSING #30 OF THE YEAR 🚨

Sale Price: $4,965,000

Units: 10

Property Type: 10-unit multifamily building built 1988 (Non-RSO)

Unit Mix: (7) 2-bed / 2.5-bath units & (3) 3-bed / 3-bath penthouse units

Buyer Type: All-cash buyer from a tech background, focused on long-term value in a pride of ownership asset

Seller Situation: Self-managed the properties for over a decade; transferring equity into more passive investment vehicles

Result: Generated 8 competitive offers. Seller selected an all-cash buyer offering a quick close.

Special Features: Exempt from LA rent control (Non-RSO; AB 1482 applies); central heat and A/C, fireplaces, in-unit washers and dryers, dishwashers, elevator; 2:1 parking ratio

Case Study Summary

1524 Granville Avenue is a 10-unit, 1988-built multifamily property in Sawtelle, exempt from LA rent control and made up of large two- and three-bedroom townhouse-style residences, including three penthouses with private rooftop decks. The property sold for $4,965,000, generating 8 competitive offers in which the seller selected an all-cash buyer offering a quick close.

The seller had self-managed the properties for over a decade and was looking to move that equity into more passive investment vehicles. Our team marketed the building as part of a five-building, 60-unit Westside portfolio. Our team found the buyer, who comes from a tech background, and recognized the long-term value of the asset in one of the area’s most sought-after rental markets. Glaser Group, alongside The Taksa Investment Group and Serhant, represented both sides of the transaction.

Property Highlights

10-unit, pride-of-ownership multifamily property built in 1988, located in West LA's Sawtelle neighborhood
Part of a five-building, 60-unit Westside portfolio, available separately or together
Entirely exempt from Los Angeles rent control (Non-RSO), AB 1482 applies
Unit mix:
- (7) 2BR/2.5BA
- (3) 3BR/3BA penthouse units with private rooftop decks
  - PH3 will be vacant as of 10/1/26
Units average approximately 1,430 SF, among the largest in the Sawtelle submarket
Final condominium tract map for 10 condominium units
Separately metered for gas and electricity
20 on-site parking spaces, two tandem spots per unit
Attractive three-story elevator building
Central heating and air conditioning, fireplaces, in-unit washers and dryers, dishwashers
Prime location near Sawtelle Japantown, walking distance to top retail, dining and entertainment along Sawtelle Boulevard
Convenient to Santa Monica, Westwood, UCLA and Century City
Close to Target, the YMCA and University High School
Part of a broader five-building, 60-unit Westside portfolio