Stats

• Listing Price $4,325,000
• Price per Unit $270,313
• Price per Sqft $343
• GRM 10.74
• Cap Rate 5.83%
• Number of Buildings 2
• Number of Units 16 Units
• Gross Building Area 12,614 SF
• Lot Size 12,175 SF
• Parking 20 Spaces
• Zoning LAR3-1

About the Property

The Kanner Group is pleased to present 1850 & 1856 S Bundy Dr, a distinguished 16-unit multifamily investment opportunity in the vibrant, highly desirable Brentwood-Adjacent pocket of West LA. This property is strategically positioned just 0.3 miles north of W Olympic Blvd, 0.5 miles south of the Santa Monica Blvd, and three blocks southwest of Stoner Park, making it a prime choice for residential living in one of Los Angeles’ most walkable westside locations.

Built in 1963, this 2-building, 2-story property spans 12,614 square feet on a 12,175-square-foot lot, under LAR3-1 zoning. The property features an excellent unit mix of 4 (2+2) units and 12 (1+1) units, with select units thoughtfully remodeled to include modern finishes and amenities. Units feature wall A/C units, laminate wood flooring in living areas, carpeted bedrooms, updated countertops and cabinetry, stainless-steel kitchen appliances, and ample hallway storage. All units have a goodsized patio or a balcony. Recent upgrades have modernized the living spaces, providing residents with a combination of comfort, style, and convenience. Sliding glass doors open to private patios and balconies overlooking a well-maintained central courtyard with lush landscaping, creating an inviting indoor-outdoor environment. Practical amenities include on-site laundry facilities and 20 onsite parking spaces.

West LA is home to a diverse community, including students at nearby colleges, families, and young professionals working in medicine, 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 81 and 86 BikeScore, 1850 & 1856 S Bundy Dr is just moments away from prime West LA attractions, offering unparalleled access to popular nearby destinations like UCLA, Santa Monica, Palisades, and Venice Beaches, Beverly Hills’ Rodeo Drive, and 3rd Street Promenade. Brentwood-adjacent West LA and the surrounding serene neighborhoods have seen an influx of tech professionals over the past decade 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 (0.5 mi), the 10 (0.6 mi), and the 405 (0.9 mi) freeways are just minutes away, offering direct routes to DTLA, Santa Monica, Hollywood, and beyond. Residents additionally benefit from the nearby Expo/Bundy Metro E Line Station (0.4 mi), 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, 1850 &1856 S Bundy Dr is a significant value-add opportunity with the potential to achieve over 34%+ 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.