Executive Summary

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• The Neema Group of Marcus & Millichap is pleased to present a nine-unit investment opportunity in a premier Brentwood location at 11675 Darlington Ave, just off of S Barrington Ave and steps to San Vicente Blvd; a location that attracts high-end renters with nearby amenities in a submarket with consistent rental growth and appreciation
• The subject property was built in 1986 and is not subject to the Los Angeles Rent Stabilization Ordinance; the building features all two-bedroom units with spacious layouts (approximately 1,100 SF); there is gated parking in the rear with two spaces per unit; one third-floor unit will be delivered vacant at the close of escrow
• 11675 Darlington Ave has been well-maintained throughout the years with minimal deferred maintenance required for the systems and exterior, although significant rental upside can be achieved through in-unit renovations such as stainless steel appliances, custom bathrooms and kitchens, and the addition of laundry (buyer to verify); the majority of the units have been lightly renovated and currently feature recessed lighting, hardwood floors, vaulted ceilings for two of the third floor units, and balconies for six of the units
• There is a secure entrance with intercom access and professional landscaping at the front of the building; gas and electric are separately metered; there is one washer and one dryer leased with Wash
• The neighborhood of Brentwood is one of the most desirable rental submarkets in all of Los Angeles; the subject property is located walking distance to a plethora of amenities such as Baltaire, Toscana, Sugarfish, Barry’s Brentwood, Starbucks, Whole Foods, and many others
• Ideal location for renters to commute to major employment locations such as Santa Monica, Westwood, Century City, Beverly Hills, Culver City and West Los Angeles; less than two miles from the West LA VA Medical Center
• Located in an affluent neighborhood with a significant affordability gap between renting and home ownership; within a two-mile radius of 11675 Darlington Ave, the median home value is over $1 million, and the average household income is over $130,000
• Rare opportunity to purchase an A+ Brentwood location that is not subject to the LA RSO with immediate rental upside and long-term appreciation potential

Area Overview

Nestled within the sprawling urban landscape of Los Angeles, Brentwood emerges as a distinctive neighborhood that embodies the epitome of luxury, tranquility, and cultural richness. This affluent enclave, situated on the city’s west side, is renowned for its lush landscapes, upscale residences, and vibrant a community. Brentwood’s unique blend of sophistication and charm makes it a sought-after destination, attracting residents and visitors alike who seek a slice of the good life in the City of Angels.

One of the defining features of Brentwood is its diverse architectural landscape. The neighborhood boasts a mix of architectural styles, ranging from Mediterranean villas and Spanish haciendas to contemporary estates and traditional Colonial homes. The meticulous design and grandeur of these residences contribute to the neighborhood’s overall allure. Brentwood’s real estate market reflects its affluent character, with property values reflecting the exclusivity and desirability of the area. Brentwood is not only a haven for luxurious living but also a hub of cultural attractions. The Getty Center, perched atop the Santa Monica Mountains, stands as a beacon of art and architecture. Housing an impressive collection of European paintings, sculptures, and decorative arts, the Getty Center provides visitors with a cultural experience amidst stunning panoramic views of the city.

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