First Time on Market - 8 Units in Brentwood
$3,700,000
11748 Dorothy St
# of Units: 8
GRM: 17.06
CAP Rate: 3.71%
Price/SF: $436
Building SF: 8,489
Lot SF: 7,500
Zoning: LAR3
Year Built: 1959
Description​​​
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.
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Location
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.
Property Highlights
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1st Time Ever on the Market- Trophy Asset!
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Ideal/Value Add Repositioning Opportunity
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3 Units Delivered Vacant
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Large Spacious Apartments Avg 1,061 SF
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Two Units Feature Fireplaces
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Most Units have Patios and/or Balconies
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Laundry Room in Rear of Property
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Locked Storage Units
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Forced Air Heating in All But Two Units
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Front & Rear Carport Parking
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Horizontal Plumbing is Copper & Vertical plumbing is Appx. 1/2 Copper
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Excellent unit mix 3 (1BR+1BA), 4 (2BR+2BA), and 1(3BR+3BA)
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Extremely Prime Brentwood Location