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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

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

