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Listed by: Remax Commercial and Investment Realty
Sold Jul 30, 2024
$8,524,375

1248 1242 Mcclellan Drive, Los Angeles CA

25beds
25baths
13,861sq ft
$614/sq ft
120 days on rennie- cumulative days on market
24408753MLS ®

We are pleased to present an incredibly unique investment opportunity in LA's vibrant Westside. 1242 McClellan Drive (legal address 1248 McClellan Drive) consists of 17 striking units ideally located just a block away from the famed enclave of Brentwood. Having been built in 1987, it is NOT subject to the City of Los Angeles' Rent Stabilization Ordinance (AB 1482 applies). The property consists of one building with three floors of residential units over one level of gated subterranean parking (exempt from seismic soft story retrofit). The ideal unit mix consists of eight 2-bedroom, 2-bathroom units and nine 1-bedroom,1-bathroom units. Interiors have been finished with beautiful pergo or carpet flooring, modern cabinetry, and upgraded kitchens and bathrooms with quartz or granite countertops. The building offers its residents a lushly landscaped facade, an intercom entry system, balconies, an on-site laundry room (machines owned by the Seller), and ample gated parking (32 total spaces). Unit features include a fireplace (most units), central HV/AC, large bedrooms, walk-in closets, and dynamite floor plans flooded with natural light. Select upper units have high vaulted ceilings. This property is only a block from the prestigious community of Brentwood, just one block south of Wilshire Boulevard. In close proximity to some of the best high-end dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to acquire a prestigious turnkey asset in one of the best rental locations in all of Los Angeles.

property details


Residential IncomeProperty type
9,136 ft²Lot area SF
$0Taxes
Multi/SplitFloor levels
13,861 ft²Living area
Listed byRemax Commercial and Investment Realty
rennie last checkedJuly 23, 2025 at 02:20pm
Last updatedFebruary 17, 2025 at 03:53pm
Closed DateJuly 30, 2024
SourceCRMLS

Additional Details


Parking / Storage
ParkingAssigned, Underground
Parking places - total32
Other
ZoningLAR3
Additional building details
Year Built1987
Floor finishWood
Fuel / heatingCentral
Fireplace fueled byLiving Room
Storeys in building3
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California DRE #02248150