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10635 Wilshire Boulevard
Los Angeles, CA 90024

Price: Submit Best Offer Zoning: LAR5
Bldg SF: 58,943 SF No. of Units: 45
Land SF: 20,743 SF Parking: 47 Spaces
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Jeff Louks
(818) 212-2780
jeff.louks@marcusmillichap.com
License # 00908473

Price: Submit Best Offer
Bldg SF: 58,943 SF
Land SF: 20,473 SF
Year Built: 1957
Number of Units: 45
Parking Spaces: 47 Parking Spaces
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Jeff Louks
(818) 212-2780
jeff.louks@marcusmillichap.com
License # 00908473

Investment Highlights

Once-In-a-Lifetime Purchase Opportunity of a Value-Add 45 Unit Luxury Apartment Building

 

  • Forty-five unit luxury apartment building ideally location along the Wilshire Corridor on Wilshire Boulevard
  • Units average over 1,000 square feet and have undergone significant upgrades and improvements
  • The building has undergone extensive renovations

 

 

World-Renowned Location Ideally Located Along the Wilshire Corridor

 

  • Four blocks from one of the largest upscale college towns in California, Westwood Village
  • One mile from arguably the strongest central business district in metropolitan Los Angeles, Century City
  • One- and one-half miles from world-famous Beverly Hills, which is home to some of the most sought-after real estate in the world

 

Exceedingly Rare Trophy Purchase Opportunity

 

  • There are only 13 apartment buildings located along the Wilshire Corridor
  • Over the last decade, only two multi-family buildings have sold along the Wilshire Corridor
  • The vast majority of the high-rises on the Wilshire Corridor are condominiums, making 10635 Wilshire Boulevard a unique anomaly

 

Ideal Location for Renters

 

  • Less than one mile from the projected Westwood/UCLA Metro Purple Line stop, making cross-city transportation easy
  • Walking distance from Westwood Village, a retail district occupied by upscale national retailers
  • Located just one- and one-half miles from the prestigious Beverly Hills

 

Adjacent to the Countries Strongest Residential Markets

 

  • Directly adjacent to Holmby Hills, which has an average single family home price of $3,855,434
  • One and one half miles from Beverly Hills, which has an average single family home price of $3,776,383
  • Walking distance to LA Country Club
  • Within close proximity to some of the highest end retailers and restaurants in the world

 

One mile from Los Angeles’s Central Business District – Century City

 

  • One of Los Angeles’s top business districts, with approximately 10 million square feet of Class-A office space
  • Home to a number of dominant employers such as AECOM, MGO, Kirkland & Ellis LLP, and Regus
  • Westfield Century City, a two-level 1.3 billion square foot outdoor mall anchored by Nordstrom, Gelson’s and Macy’s. The center recently underwent a $1 billion renovation, and features 176 shops, 53 eateries, and a 15-screen AMC multiplex

 

One- and one-half miles from Iconic Beverly Hills

 

  • Rodeo Drive, a high-end retail corridor where buildings have been known to sell for north of $19,000 per square foot, and lease for over $70 per square foot
  • Flocked by tourists and visitors year-round
  • Beverly Hills is home to world renowned hotels such as the Beverly Wilshire and Beverly Hills Hotel
  • Famous restaurants line the city, such as Spago, Il Pasteo, The Ivy, Il Cielo, and the Terrace

 

Dense Affluent Demographics

 

  • There are over 45,300 within one mile of the property, 247,700 within three miles of the property, and 627,300 within five miles of the property.
  • There are over 21,700 households located within one mile of the property, 110,300 within three miles of the property, and 287,800 within five miles.
  • Average household income within one mile of the property surpasses $125,600, $136,200 within three miles, and $131,693 within five miles of the property