Description:

Casa Glen Apartments is a premier asset owned by the same family since it was constructed in 1968. Offered on the market for the first time in more than 50 years, the offering represents a fantastic investment opportunity to acquire a generational apartment building located in one of the most soughtafter rental markets in Southern California. The well-cared for 18-unit building is ideally situated on the corner of Beverly Glen and Woodruff between Santa Monica and Wilshire in prime Westwood. Just a short jaunt from the Century City Westfield Mall and convenient to Westwood Village and UCLA, the building draws its tenant base from the bustling employments hubs of Beverly Hills, Century City, Westwood, West LA and West Hollywood. Tenants benefit from its close proximity to nearby shopping, entertainment, schools, parks and public transportation. It also sits between the future Century City and Westwood/UCLA Metro Purple Line stations. The building consists of large one-bedroom units over a gated on-grade garage with 18 parking spaces and a controlled access entry. The units and common areas have been upgraded to varying degrees and is perfectly positioned for an investor to capture rental upside and increased value with a more substantial renovation. Upgrades include mostly copper plumbing, newer security gates, kitchen, bathroom and common area upgrades. The building is not identified in the LADBS Soft-Story retrofitting program. Casa Glen offers an investor a unique opportunity to acquire a generational value-add apartment building with substantial rental upside and located in a fantastic area.