11027 Strathmore Dr, Los Angeles, Los Angeles County, CA, 90024 Los Angeles CA US

KW Commercial, as exclusive listing agents, 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. Find out more about this property. Request details here