1016 Tiverton Avenue
Los Angeles, CA 90024
- – beds
- – baths
- – sqft
- 11,746 sqft lot
- 1959 build
- – on site
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We are very pleased to exclusively offer for purchase 1016 Tiverton Avenue, a 13-unit Mediterranean revival multi-family property perfectly located right in the heart of beautiful Westwood Village. Bordering the UCLA campus, Westwood Village centers on a 1920s Mediterranean-style shopping precinct, now home to chain boutiques, coffee shops, and casual eateries. The acclaimed Geffen Playhouse presents new plays and classics, while movie theaters include the 1931 Regency Village, with its distinctive Spanish-inspired tower. Exhibitions at the nearby Hammer Museum range from old masters to contemporary art. Built in 1928, Westwood Village was conceived and built by the Janus family as a retail village. Its charming streets and architecture offer some of the finest environments for retailing in Los Angeles. Many original tenants remain in the village, such as the single screen theatres and Stan's Donuts which add to the allure of Westwood Village as a charming destination. Situated walking distance to both UCLA and The W Hotel, 1016 Tiverton is also located just quick walk to Trader Joes, Whole Foods, In-N-Out, Starbucks, Pete's Coffee, Jamba Juice, and so much more. Built in 1929, this stunning Mediterranean Revival apartment building was designed by renowned architects Brokaw & Tuffs. It is one of several Period Revival multi-family residential buildings along Tiverton Avenue. 1016 Tiverton is an excellent example of a Mediterranean Revival apartment built in the late 1920's in Westwood. It has a two-story height, rectangular plan, hipped clay tile roof with open eaves and exposed rafters. The property also features a porte cochere, an entryway composed of recessed arches, balconettes and combination of wood windows and steel windows including fixed and casement windows. The building features a total of 13 units - 4 studios and 9 one-bedroom units, one of which is located at the rear of the property. Five units have been renovated and have achieved strong market rents of $2,995 for the renovated one-bedrooms and $1,995 for renovated studios. The units are separately metered for gas and electric and there are 8 carport parking spots at the rear of the building. Boasting a 96 Walk score, 1016 Tiverton totals 12,567 square feet and sits on an oversized 11,746 square foot lot zoned R3. The units feature hardwood floors, high ceilings and excellent natural light. Renovated units feature new stainless-steel appliances, quartz countertops, some with in-unit washer/dryer and all with fully remodeled bathrooms. With more than 25% income upside potential, 1016 Tiverton offers the very rare opportunity to purchase a beautiful Mediterranean revival 13-unit apartment property in prime Westwood, one of the most sought after and desirable neighborhoods of Los Angeles, benefitting from being an excellent capital preservation play as well as offering significant appreciation potential, plus excellent cash flow with the ability to increase over time.
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Last updated Jun 23, 2023
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MLS# 22222361 —
The Building
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Year Built:1959
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New Construction:No
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Building Area Total:12567.00
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Total Number Of Units:13
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# of Buildings:1
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Stories Total:2
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Faces:West
Interior
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Flooring:Wood
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Laundry:Stackable
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Laundry:1
Location
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Directions:Take Wilshire North to Gayley, left on Lindbrook Drive and right onto Tiverton
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Latitude:34.06157600
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Longitude:-118.44263500
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:11746.0000
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Lot Size Acres:0.2697
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Lot Size SqFt:11746.00
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View:1
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View:City Lights
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:4360002002
Heating & Cooling
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Heating:1
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Heating:Forced Air
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
The Community
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Association:No
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Senior Community:No
Parking
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Parking:Yes
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Parking:Carport
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Parking Spaces:8.00
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Carport Spaces:8.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/21/23
Mar 21, 2023
|
Sold | CRMLS_CA | $6,825,000 | -2.5% |
2/5/23
Feb 5, 2023
|
Pending | CRMLS_CA | $7,000,000 | |
12/6/22
Dec 6, 2022
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Listed / Active | CRMLS_CA | $7,000,000 | 29.6% (5.7% / YR) |