Los Angeles, CA 90049,818 S Gretna Green WAY
Los Angeles, CA 90049,818 S Gretna Green WAY
Los Angeles, CA 90049,818 S Gretna Green WAY
Los Angeles, CA 90049,818 S Gretna Green WAY
Los Angeles, CA 90049,818 S Gretna Green WAY
Los Angeles, CA 90049,818 S Gretna Green WAY
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Ruby Raymond

Ruby Raymond

Raymond Team | Modern Broker

+1(805) 201-6341
$ 21,000,000
Est. payment | /mo

54 Beds

67 Baths

46,560 SqFt


Save
$ 21,000,000
Est. payment | /mo
Save

54 Beds

67 Baths

46,560 SqFt

Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 46,560 sqft

Price per Sqft $451

MLS Listing ID 25541523

Bedrooms 54

HOA Y/N No

Year Built 1969

Lot Size 0.458 Acres

Property Description

A generational opportunity to acquire a luxury 27-unit asset in an irreplaceable 'A+' location. Due to a Luxury Housing Exemption about 50% of the units are non-RSO. Ownership has meticulously maintained the property, updating and adding in-unit washer and dryers. Generously-sized apartments average nearly 1600 square feet and feature large balconies, central heat/air and secure perimeter entry and parking. Current rents average $2.82 per square foot leaving significant update of approximately 33% on the table for a buyer to realize. The property is separately metered for gas and electricity and a buyer would be wise to implement RUBS billing on landlord-paid utilities moving forward. Due to a Luxury Housing accommodation related to significant capital improvements,13 units-or about half of the total-are exempt from Los Angeles City Rent Control. Subject only to California State AB1482, these units offer ownership greater control over tenancy and the ability to increase rents annually at nearly 9%. 818 Gretna Green Way is situated in a prime area of Brentwood, adjacent to the renowned Brentwood Country Club and 100 feet away from the Sunday Brentwood Farmers Market. Brentwood enjoys a long-standing reputation as one of Los Angeles' most affluent and desirable residential areas. This area has evolved into an elegant and understated neighborhood known for its spacious homes, tree-lined streets, and well maintained parks. It has attracted a discerning population, including many celebrities and professionals seeking a tranquil yet conveniently located environment. Institutions like the Brentwood Country Club and the proximity to cultural landmarks such as the Getty Center further enhance its prestige. While it has experienced moments of notoriety, the overall reputation of Brentwood remains one of quiet affluence, offering a high quality of life with a strong sense of community.

Location

State CA

County Los Angeles

Area C06 - Brentwood

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Wood

Fireplace No

Appliance Dishwasher, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Concrete, Covered, Direct Access, Garage, Garage Door Opener, Gated

Garage Spaces 48.0

Garage Description 48.0

Community Features Gated

Total Parking Spaces 48

Building

Faces West

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 4264010023

Security Features Gated Community,Key Card Entry

Financing Cash

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Adam Peterson • CB Richard Ellis, Inc.

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

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Exceptional Realtors

There are a number of solid and competent realtors that can help you navigate the paperwork needed to either close a sale or negotiate a purchase of a home. The number of exceptional realtors who can develop a effective markeketing plan based on research, investment and strength of intellect and character are few and hard to find. Patrick and Ruby Raymond are those exceptional realtors. In addition, the other members of their team were each exceptional and epitomize professionalism. When Patrick first approached me, he stated a price than our home would generate that exceeded what I thought the market would bear. Then he proceeded to explain how this sale price could happen. First, he knew our neighborhood and its strength and weaknesses regarding its saleability. Next, he revealed the investments he had made to obtain a data base of pre-qualified buyers from throughout our state and around the country. Finally, Patrick and Ruby provided an in depth strategy on how to stage our home, establish timelines, and present tools they would use to sell the home. Some of their strategies were known but not always followed by other realtors, and additional strategies were proprietary to the Raymond team. The result was that we received three offers each either meeting of exceeding what Patrick and Ruby first told us our home could sell for. Throughout the process they both remained calm and focused even when little hickups occurred. It was a learning experience for us when we had questions about staging the home I found out later from the buyers how much Rubys’ strategies influenced their purchasing decision. Needless to say it is without any reservations that we would recommend the Raymond team whether you are purchasing or selling a home. P.S. They even gave us great input on strategies on how to buy our current home in a very competitive market.

Heather Squire

Transparent, Reliable & Honest

Ruby was extremely helpful, open, transparent, and reliable through the whole process, she really cared about us, understood our needs. Ruby was always available to answer our questions. Ruby really is the best! She was thorough and professional and great to work with. She scheduled the inspection and pest company, made it so easy to get everything done. She was honest and forthright- no games. Would use her again tomorrow if we were to buy or sell in the area.

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

agent
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | ruby@rubyraymond.com

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