1524 Granville Ave, Los Angeles, CA 90025

10 Units in Prime Sawtelle | 100% Non-RSO | Oversized 1,430 SF Average Unit Size + Penthouse Rooftop Decks

Download Offering Memorandum

$5,250,000

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/2BA penthouse units with private rooftop decks
Units average approximately 1,430 SF, among the largest in the Sawtelle submarket
Main and sub electrical panels fully updated
Final condominium tract map for 10 condominium units
Separately metered for gas and electricity
22 on-site parking spaces, at least two per unit
Attractive three-story elevator building
Central heating and air conditioning, fireplaces, in-unit washers and dryers, dishwashers
Prime Sawtelle 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, available separately or together:
- 1833 Westholme Ave: 16 Units for $6,900,000
- 1811 S Bentley Ave: 15 Units for $6,350,000 (40% non-RSO units)
- 1524 Granville Ave: 10 Units for $5,250,000 (non-RSO building)
- 1518-1524 12th St: 12 Units for $5,300,000
- 1507 Berkeley St: 7 Units for $2,400,000

The Opportunity

1524 Granville Avenue presents a rare opportunity to acquire a 10-unit, pride-of-ownership multifamily property in the heart of West Los Angeles' highly desirable Sawtelle neighborhood. Built in 1988, the property is entirely exempt from Los Angeles rent control (Non-RSO), with AB 1482 applying, providing a significant advantage over most multifamily properties in the surrounding market. The property is part of an A+ located, five-building Westside portfolio totaling 60 units, available for acquisition individually or together as a portfolio.

The property is distinguished by an incredible unit mix of exceptionally large two- and three-bedroom residences averaging approximately 1,430 square feet per unit, including seven 2BR/2.5BA units and three 3BR/2BA penthouse units featuring private rooftop decks. The large, townhouse-style floor plans and penthouse residences offer a level of space and functionality increasingly difficult to replicate in the West Los Angeles rental market. The property also has updated main and sub electrical panels.

Adding to the property's long-term investment appeal, 1524 Granville has a final condominium tract map for 10 condominium units, providing ownership with unique future flexibility. The property is also separately metered for gas and electricity.

Residents enjoy an extensive amenity package including central heating and air conditioning, fireplaces, in-unit washers and dryers, dishwashers and elevator service. The property offers 22 on-site parking spaces, providing at least two spaces per unit, a valuable amenity in this highly sought-after Westside location.

1524 Granville Avenue benefits from an A+ Sawtelle location, offering excellent walkability to the acclaimed restaurants, shopping and entertainment along Sawtelle Boulevard and Sawtelle Japantown, and convenient access to Santa Monica, Westwood, UCLA, Century City, Target, the YMCA, University High School and the broader Westside employment base.

Note: The other properties comprising the five-building Westside portfolio are 1833 Westholme Avenue (16 units), 1811 S. Bentley Avenue (15 units), 1507 Berkeley Street (7 units), and 1518 & 1524 12th Street (12 units). The properties are available for acquisition separately or together as a portfolio.