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449 South Le Doux Road
Los Angeles, CA 90048


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Property Remarks

Price Just Reduced by $1 Million. Irreplaceable Location; Rare opportunity to purchase a 30,417~ SF apartment community in a phenomenal West LA location; Located near the intersection of Burton Way and La Cienega Boulevard, across the street from the SLS Hotel; Walking distance to Cedars Sinai Medical Center, the Beverly Center and La Cienega's famed "Restaurant Row"; Nearly 50% rental upside potential with mostly exterior and common area improvements; bring rents to market as apartments turnover; Potential for condominium conversion exit - Condominiums of similar vintage and size in the area are selling for over $1,250,000 per unit; Spacious units averaging 1,464~ SF; all have balconies; Approximately half of the units have in-unit washer and dryer; Attractive architecture with great frontage; rear courtyard with pool. Rent information shown is average for one unit type. For complete rent roll visit the property website in Private Remarks.

Property Details

MLS#
17212496
Days on Market
94
Year Built
1962
Stories
3
Building/Living Area (sq ft)
30,417
Source of SqFt
Vendor Enhanced
Source of Lot Size
Vendor Enhanced

Location

State
CA
County
Los Angeles
Area
Beverly Center-Miracle Mile (C19)

Presented By:

Listing provided courtesy of Adrienne Barr , Berkadia


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Interior Features
Elevator
Cooking Appliances
Microwave
Range
Equip/Appliances
Dishwasher
Garbage Disposal

Additional Property Details

Number of Units
18
Parking Spaces
32
Number of Buildings
1
Gross Operating Income
$637,559
Total Expense
$233,386
ADA Compliance
No

AC/Cooling
Central A/C
Heating
Other
Parking
Underground

Beverly Center Miracle Mile

Shopping, dining, and easy access to everything, the Beverly Center/Miracle Mile area represents a true rise to stardom for an area that was once just an oil patch and barley fields. Today the area is home to Cedars-Sinai, one of the world’s leading medical centers and to the famous Beverly Center which brings in thousands of tourists each year, drawn to premium shopping in a luxurious setting. LACMA and other museums make Museum Row a draw for locals and tourists alike.

Real Estate: The Beverly Center-Miracle Mile area is full of many diverse types of real estate for sale including single-family residences as well as apartment buildings and condominiums.  This area is also home to Park La Brea, a massive complex of over 4,200 units over 160 acres. It is one of the biggest housing complex developments on the West Coast.

Community Life: The pleasures of urban living are on display in this area. Food trucks cluster along Wilshire Boulevard in front of LACMA. The Miracle Mile Farmers Market runs from 11 to 3 on Wednesdays and attracts a big crowd. The Pan Pacific Park Recreation Center includes an auditorium, basketball courts, and a baseball diamond. 

Education: The Miracle Mile-Beverly Center area is served by the Los Angeles Unified School District. Local public schools include Wilshire Crest Elementary School, John Burroughs Middle School, and Los Angeles Senior High School. Nearby private schools include Fusion Academy Miracle Mile, Cathedral Chapel School, and Yeshiva Gedolah of Los Angeles.

Transportation: This area is easily accessed by the 10 Freeway and both Wilshire Boulevard and Beverly Boulevard are major access points. The area is served by multiple Metro bus lines and the Wilshire Bus Rapid Transit Project is improving commute time to increase ridership of these routes.

Local Attractions:  This area is home to Museum Row, a vibrant area that includes LACMA, the Petersen Museum, the Craft and Folk Art Museum, the Page Museum at the La Brea Tar Pits, and coming soon, the Academy Museum of Motion Pictures which will inhabit the former May Company building.   

Community Explorer

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