1611 Brockton Avenue

Description

We are pleased to present 1611 Brockton Ave, a distinguished 10-unit multifamily investment opportunity located in the vibrant and highly desirable Brentwood-Adjacent pocket of West LA. This property is strategically positioned just two blocks southwest of the Santa Monica Blvd and Bundy Dr. intersection and two blocks northwest of Stoner Park, making it a prime choice for residential living in one of Los Angeles' most walkable westside locations. Built in 1961, this 2-story building spans a total of 6,198 square feet on a 7,375 square foot lot, under LAR3 zoning. The property features a great unit mix of 1 (2+1), 4 (1+1), 4 singles, and one large, newly completed 760 square foot ADU (1+1, not subject to rent control); more than half of which have been thoughtfully remodeled with modern amenities. These units boast new laminate wood flooring, quartz countertops, state-of-the-art stainless-steel appliances, and in-unit washers/dryers. Recent upgrades have modernized the living spaces, providing residents with a combination of comfort, style, and convenience. Practical amenities include separately metered gas and electric for each unit, on-site laundry, 8 parking spaces (2 tandem, 4 single), and the building's soft story retrofit work has been completed. West LA is home to a diverse community, including students at nearby colleges, families, and young professionals working in tech and finance, with significant job centers and employment hubs located on Olympic and Bundy, Santa Monica Blvd and Wilshire Blvd, and along Olympic Blvd. With a great WalkScore of 85, 1611 Brockton Ave is just moments away from prime West LA attractions, offering unparalleled access to popular nearby destinations like UCLA, Santa Monica, Palisades, Venice Beaches, Beverly Hills' Rodeo Drive, and 3rd Street Promenade. Brentwood-adjacent West LA and the surrounding serene neighborhoods have experienced an influx of professionals from tech over the past few years due to the growth of Silicon Beach, a thriving hub of pioneering companies expanding from the San Francisco tech sphere. Silicon Beach's tech community incorporates the swath of cities west of LA, extending from Santa Monica to Playa Vista, with innovative dining options, shops, residential projects, and unique boutiques emerging throughout the westside. The property also benefits from its proximity to essential transport links. The CA-2 (0.2 mi), the 405 (1 mi), and the 10 (1 mi) freeways are just minutes away, offering direct routes to DTLA, Santa Monica, Hollywood, and beyond. Residents additionally benefit from the nearby Metro Expo Line Expo/Bundy station, which connects the Westside to DTLA, Central LA, Pasadena, the San Fernando and San Gabriel Valleys, South Bay, and Long Beach. Strategically located in the heart of West LA, 1611 Brockton Ave is a significant value-add opportunity with the potential to achieve over 28%+ rental upside, a compelling investment for savvy investors looking to capitalize on the robust tenant demand and consistently high rental growth rates typical of the West Los Angeles rental market. This premium asset and its premier location make it a standout offering in a highly competitive rental landscape, poised to enjoy excellent cash flow and considerable appreciation for the foreseeable future.