Residential Income In Los Angeles

VERY RARE BRENTWOOD PROPERTY EXEMPT FROM CITY OF LOS ANGELES RENT CONTROL. We are pleased to present 11630 Chenault Street, an exceptional opportunity to acquire a highly upgraded, 15-unit townhome-style apartment community in the heart of Brentwood. Built in 1987, the property is one of only a handful of apartment communities in Brentwood exempt from the City of LosAngeles Rent Stabilization Ordinance (note: AB 1482 applies), offering a rare combination of newer construction, luxurious interiors, and an extraordinary unit mix. The property consists entirely of two-story, two-bedroom, two-and-one-half-bath townhome-style residences, each featuring two upstairs en suite bedrooms and a downstairs powder room. This exceptional configuration provides the space, privacy, and residential feel of a single-family home, setting the property apart from traditional apartment offerings. Additionally, several of the units have very large private patio areas. Fourteen of the fifteen residences have been luxuriously upgraded, with features including hardwood flooring, stainless steel appliances, custom-designed fireplaces, recessed lighting, and skylights that fill the interiors with natural light. All residences have central HVAC and hardwired Ring video doorbells. Further distinguishing the property’s upscale interiors, select residences also feature Italian cabinetry; Grohe and/or Hansgrohe faucets; granite or porcelain counters; Miele, Wolf, Bertazzoni and/or GE Caf appliances; wine refrigerators; microwave drawers; and/or built-in espresso and coffee makers. Community amenities include a built-in Wolf barbecue for residents’ use, a new internet-connected video intercom entry system, a surveillance video camera system, a common laundry room with machines owned by Seller (not leased from a vendor), and subterranean parking with two spaces for every residence. Gas and electricity utilities are separately metered, and the SB 721 inspection has been completed. Located in a Walker’s Paradise within walking distance of San Vicente Boulevard’s iconic coral tree-lined corridor, the property places residents near Brentwood’s high-end boutiques, acclaimed restaurants, cafes, and neighborhood nightlife. The location also offers convenient access to UCLA, Santa Monica’s beaches, Century City, and the Westside’s major employment, shopping, and entertainment destinations. With extensive renovations already completed, an exceptional all-townhome unit mix, and significant upside in existing rents, 11630 Chenault Street offers a compelling opportunity to acquire a distinctive multifamily asset in one of Los Angeles’ most desirable neighborhoods