First Time on Market - 8 Units in Brentwood
11748 Dorothy St
# of Units: 8
GRM (Pro Forma): 16.51
CAP Rate (Pro Forma): 3.98%
Building SF: 8,489
Lot SF: 7,500
Year Built: 1959
Prime Brentwood apartments just a block from San Vicente & Barrington. This charming, quiet walk-up-style apartment exudes the So-Cal lifestyle with its Palm Trees, Birds of Paradise, and more. This is a rare opportunity to own in an ideal location.
11748 Dorothy St is an 8 unit apartment building in the heart of Brentwood. This property is being sold by the original owner/builder and is an absolute trophy asset. This is the property's first time ever on the market. The owner is retiring, creating an ideal value-add, repositioning opportunity. Excellent unit mix of three (1BR + 1BA), four (2BR+2BA), and one (3BR+3BA) units. All units are extremely spacious and average 1,061 SF.
Three units to be delivered vacant, one of which (2BR + 2BA) features a large balcony + patio that can be accessed through sliding doors, a large master with an en-suite bathroom, and ample closet storage. The other two vacant units are (1BR + 1BA) and feature large Living Areas + Kitchens, plenty of closet space, and large windows.
Extremely prime location in Brentwood 1 block from the intersection of San Vicente & Barrington Within 3 blocks of Whole Foods, Katsuya, Mendocino farms, Alfred coffee, Sweetgreen, Pizzana, Kreation, S bar, Pressed Juicery, Starbucks, Burger Lounge, Vincenti Ristorante, Jon & Vinny's Brentwood, Coffee Bean, Baltaire, Coral Tree Cafe, Taiko, Bottlefish, California Pizza Kitchen, Chipotle, Palmeri, Sor Tino, Toscana, Palmeri, Sugarfish, Cafe Luxxe, & Pecorino.
1st Time Ever on the Market- Trophy Asset!
Ideal/Value Add Repositioning Opportunity
3 Units Delivered Vacant
Large Spacious Apartments Avg 1,061 SF
Two Units Feature Fireplaces
Most Units have Patios and/or Balconies
Laundry Room in Rear of Property
Locked Storage Units
Forced Air Heating in All But Two Units
Front & Rear Carport Parking
Horizontal Plumbing is Copper & Vertical plumbing is Appx. 1/2 Copper
Excellent unit mix 3 (1BR+1BA), 4 (2BR+2BA), and 1(3BR+3BA)
Extremely Prime Brentwood Location