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Mark Perry

markperry@abundancerei.com +1(323) 301-5260

$ 21,000,000

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818 S Gretna Green WAY Los Angeles, CA 90049

54 Beds

67 Baths

46,560 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 46,560 sqft

Price per Sqft $451

MLS Listing ID 25541523

Bedrooms 54

HOA Y/N No

Year Built 1969

Lot Size 0.458 Acres

Property Description

A generational opportunity to acquire a luxury 27-unit asset in an irreplaceable 'A+' location. Due to a Luxury Housing Exemption about 50% of the units are non-RSO. Ownership has meticulously maintained the property, updating and adding in-unit washer and dryers. Generously-sized apartments average nearly 1600 square feet and feature large balconies, central heat/air and secure perimeter entry and parking. Current rents average$2.82 per square foot leaving significant update of approximately 33% on the table for a buyer to realize. The property is separately metered for gas and electricity and a buyer would be wise to implement RUBS billing on landlord-paid utilities moving forward. Due to a Luxury Housing Accommodation related to significant capital improvements,13 units-or about half of the total-are exempt from Los Angeles City Rent Control. Subject only to California State AB1482, these units offer ownership greater control over tenancy and the ability to increase rents annually at nearly 9%.818 Gretna Green Way is situated in a prime area of Brentwood, adjacent to the renowned Brentwood Country Club and 100 feet away from the Sunday Brentwood Farmers Market. Brentwood enjoys a long-standing reputation as one of Los Angeles' most affluent and desirable residential areas. This area has evolved into an elegant and understated neighborhood known for its spacious homes, tree-lined streets, and well maintained parks. It has attracted a discerning population, including many celebrities and professionals seeking a tranquil yet conveniently located environment. Institutions like the Brentwood Country Club and the proximity to cultural landmarks such as the Getty Center further enhance its prestige. While it has experienced moments of notoriety, the overall reputation of Brentwood remains one of quiet affluence, offering a high quality of life with a strong sense of community.

Location

State CA

County Los Angeles

Area C06 - Brentwood

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Wood

Fireplace No

Appliance Dishwasher, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Concrete, Covered, Direct Access, Garage, Garage Door Opener, Gated

Garage Spaces 48.0

Garage Description 48.0

Total Parking Spaces 48

Building

Faces West

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 4264010023

Security Features Key Card Entry

Special Listing Condition Standard

Listed by Adam Peterson • CB Richard Ellis, Inc.

Mark Perry

Agent | 02146698 | License ID: 02146698

+1(323) 301-5260

Mark Perry

818 S Gretna Green WAY Los Angeles, CA 90049

Key Details

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Interior

Exterior

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818 S Gretna Green WAY