Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90049 818 S Gretna Green Way

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Presented By: Adam Peterson with CB Richard Ellis, Inc.;
  • MLS# 25541523
  • 05/20/2025
  • Request Tour
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  • Beds • 54
  • Baths • 67
  • SQFT • 46,560
  • Garage • 48
  • Year Built • 1969

Home Details

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.
Presented By: Adam Peterson with CB Richard Ellis, Inc.;

Interior Features for 818 S Gretna Green Way

Bedrooms

Total Bedrooms54

Bathrooms

Half Baths0
Total Baths67
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet, Wood
Heating Y/NYes
Laundry FeaturesCommonArea
Total Stories3

General for 818 S Gretna Green Way

Additional Parcels Y/NNo
AppliancesDishwasher, Dryer, Washer
Attached Garage No
Buyer FinancingCash
Cap Rate4.14
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingCentralAir
CountyLos Angeles
DirectionsLocated on Gretna Green Way, adjacent to Montana Ave.
DisclosuresRentControl
Electric On Property Y/NNo
Facing DirectionWest
Full Baths
Garage Spaces48.0
Garage Y/NYes
Gross Income1450495.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet19942.0
Lot Size UnitsSquareFeet
MLS AreaC06 - Brentwood
MobileHomeRemainsYNNo
Net Operating Income869842.0
New ConstructionNo
Number Of Units Total27
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesGatedCommunity, KeyCardEntry
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas
Year Built1969
ZoningLAR3

Exterior for 818 S Gretna Green Way

Building Area Total46560.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.4578
Lot Size Area19942.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesConcrete, Covered, DirectAccess, Garage, GarageDoorOpener, Gated
Private PoolNo
SpaNo
Total Parking48.0
WaterfrontY/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $21,000,000
MLS#25541523
List Date 05/20/2025
Property Type Multi-Family
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