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SoldPrice dropSingle-Family Home

11027 Strathmore Drive

Los Angeles, CA 90024

$5,650,000
$717/sq ft
$7,250,000
Bedrooms
9
Bathrooms
0
Interior
7,884 sq ft
Year Built
1939

About this residence

We are pleased to present 11027-11037 Strathmore Drive, a 12-unit Spanish Colonial Revival courtyard style apartment located in the heart of Westwood (90024) and just 2 blocks from the UCLA campus. 11027 Strathmore Drive, built in 1939, has been owned and operated by the same family for more than 50 years and offers the next steward of this asset a rare opportunity to acquire an architectural income property which can be operated as student housing, corporate short-term rentals (30 day +) or as a traditional rental property. Two units will be delivered vacant at the close of escrow allowing for an owner-user to occupy a unit in one of the strongest and most stable rental markets with historically low vacancy and long-term appreciation. The Westwood Village submarket continues to be one of the most desirable neighborhoods in Los Angeles. An exceptional unit composition consists of SEVEN (7) One Bedroom | One Bathrooms, FOUR (4) Single Units, and ONE (1) Two Bedroom | One Bathroom for a total of 12 units. The asset, built in 1939, was designed by Joseph J. Rees and consists of 7,884 SF on a prominent 7,127 SF parcel with R4 Zoning. Rees designed or engineered over 100 buildings in the Los Angeles area including historical monuments such as The Sycamore Chateau, The Fine Arts Cinema in Beverly Hills, The Selma Las Palmas Courtyard Apartments, and much more.Common areas consist of a beautiful courtyard with trees that provide shade on a sunny day or refuge from the rain. Adding delight to this building are the separate private patios associated with a few of the units. Parking is provided for 8 vehicles.

8 parking

Property details

Status
Sold
Property type
Single-Family Home
Price per sq ft
$717/sq ft
Days on market
21 days
Listed
October 17, 2022
Year built
1939
Parking
8 spaces
Furnished
No
Waterfront
No
MLS number
22209665

Location & neighborhood

11027 Strathmore Drive, Los Angeles, CA 90024

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Down payment20% · $1,130,000
Interest rate6.50%
Loan term30 years
$39,493
per month
  • Principal & interest$28,569
  • Property taxes$8,569
  • Insurance$2,354
  • HOA / fees$0
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Listing courtesy of Keller Williams Studio City · MLS 22209665. Information deemed reliable but not guaranteed; buyers should independently verify all details.

Equal Housing Opportunity. LA Condo HQ is committed to compliance with all federal, state, and local fair housing laws. We do not discriminate on the basis of race, color, religion, sex, handicap, familial status, national origin, or any other protected class. All measurements, square footage, and financial figures are approximate and provided for informational purposes only.

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