1833 Westholme Ave, Los Angeles, CA 90025

16-Unit Multifamily Property Near Century City | Spacious 1,293 SF Average Unit Size | Two Units + Office Delivered Vacant

Download Offering Memorandum

$6,900,000

Property Highlights

The Colonnade, a 16-unit multifamily property in an ultra-prime Century City adjacent location
Unit mix consists of:
- (8) 2BD/2BA + Den
- (6) 2BD/2BA
- (1) 2BD/1BA
- (1) 1BD/1BA
Units average approximately 1,293 SF, among the larger floor plans in the submarket
Main and sub electrical panels fully replaced
Select units have undergone interior renovations
Renovated units feature large kitchens and walk-in closets
Two units delivered vacant at close of escrow, providing immediate renovation and market-rent upside
Former pool house converted to office/storage room in 2017
Bonus 500 SF vacant permitted office space available to rent
Seismic soft-story retrofit completed December 9, 2019
Three-story elevator building
Secure-entry property
Gated on-site parking with (8) single spaces and (9) tandem spaces
On-site laundry provides additional income
A+ Westside location adjacent to Century City, Westwood, and Beverly Hills
Minutes from UCLA, UCLA Medical Center, Westfield Century City Mall, and Rancho Park Golf Course
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

The Colonnade, at 1833 Westholme Avenue, presents a rare opportunity to acquire a pride-of-ownership 16-unit multifamily property in an ultra-prime Century City-adjacent location. Built in 1965, this three-story elevator building is part of an A+ located, five-building portfolio totaling 60 units, available for acquisition individually or together as a portfolio.

The Colonnade is distinguished by exceptionally spacious floor plans, averaging approximately 1,293 square feet per unit, with a unit mix heavily concentrated in large two-bedroom residences, including eight 2-bedroom / 2-bathroom units with additional den space. Units feature expansive living areas, large kitchens, walk-in closets and abundant natural light, offering space and functionality that is difficult to replicate in newer construction. Two units and a vacant approximately 500 SF office space will be delivered vacant at close of escrow, and select residences have already been renovated, giving new ownership an immediate path to push rents to market.

Ownership has completed significant capital improvements, including a full update to both the main and sub electrical panels and completion of the seismic soft-story retrofit in December 2019.

The property offers residents a secure-entry environment, elevator service, lushly landscaped grounds and substantial gated on-site parking with eight single spaces and nine tandem spaces. On-site laundry provides ancillary income, and a former pool house was converted into an office/storage room in 2017.

Situated in an irreplaceable Westside location, The Colonnade offers exceptional proximity to Century City, Beverly Hills, Westwood, UCLA, UCLA Medical Center, Westfield Century City and Rancho Park Golf Course, supporting strong and consistent rental demand.

Note: The other properties comprising the five-building Westside portfolio are 1811 S. Bentley Avenue (15 units), 1524 Granville Avenue (10 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.