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$ 1,900,000
Est. payment | /mo
10 Beds
6,451 Sqft Lot
$ 1,900,000
Est. payment | /mo
10 Beds
6,451 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26005903
Bedrooms 10
Lot Size 6,451 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Check Supplement for Marketing Package & Confirm info there: We are pleased to present 1448 Stearns Drive, a well-maintained 8-unit apartment building located in the highly desirable Pico-Robertson neighborhood of Los Angeles. Built in 1966, the property offers approximately 6,710 rentable square feet on a 6,449 SF LAR1-zoned lot. The unit mix consists of one studio (560 SF), four one-bedroom/one-bath units (670740 SF), and three two-bedroom/two-bath units (9001,040 SF), appealing to a wide range of renters in this premium Westside submarket. The building features updated interiors in select units (including new flooring in Units 5 and 8) and recently replaced wall-mounted air conditioner/heater combos (early 2025). Each of the eight units includes one dedicated, underground parking spacea rare and valuable amenity in this parking-constrained area. Seismic retrofitting has been completed in compliance with Los Angeles soft-story ordinance, providing added investor security. Utilities are tenant-responsible for separately metered electricity and gas, while the owner covers water (included in leases) and building gas for hot water. A former laundry room space in the underground parking area offers the potential to reinstate on-site laundry facilities and generate additional revenue. Currently 100% occupied with mostly long-term tenants (some since the 1990s), the property operates under the Los Angeles Rent Stabilization Ordinance (RSO). Only one unit is on a fixed- term lease (through March 2026), with the remaining seven on month-to-month agreementsideal for implementing re
Location
State CA
County Los Angeles
Zoning Assessor
Direction W Pico Blvd & Stearns
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5068012010
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange

Listed by Tom Aragone First Team Real Estate
CONTACT

Josh Nottingham

