First Time on Market - 8 Units in Brentwood

$4,199,000

11748 Dorothy St

# of Units: 8

GRM (Pro Forma): 16.51

CAP Rate (Pro Forma): 3.98%

Price/SF: $495

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. 

 

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

  • 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

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