Century Group Apartments is a 68-unit multifamily investment property located in Los Angeles, CA. Century Group Apartments benefits from its close proximity to several key Los Angeles developments and economic hubs. The property is just over 1 mile from the recently completed SoFi Stadium, a 70,240 seat sports and entertainment center that acts as a cultural and economic hub for the city. Additionally, Century Group Apartments is within 1.50 miles of Intuit Dome, a 17,700+ seat indoor arena that recently opened in August of 2024. Furthermore, the property is just over 3.50 miles from Los Angeles International Airport, the largest international airport on the west coast and the 8th busiest airport in the world in 2023 (according to Airports Council International rankings). Finally, residents benefit from the property’s close proximity to an abundance of major retail centers located on Century Boulevard, with major retailers including Target, Costco, Aldi, Home Depot, and more. Situated on 3 adjacent parcels measuring a combined 3 acres, Century Group Apartments offers an attractive mix of one and two-bedroom floor plans. Current ownership has invested significant capital into upkeep and improvements at the property including fresh exterior paint, building and carport roofs, porticos, light fixtures, mailboxes, asphalt, tankless water heaters in laundry rooms, and more. Residents benefit from the property’s desirable amenities including gated pedestrian access, spacious professionally landscaped common areas, ample covered and surface parking, and three on-site laundry facilities. With an abundance of major developments in close proximity, strong rental demographics, and low in-place rents, Century Group Apartments represents a unique value-add opportunity. Through a comprehensive unit renovation plan, new ownership could achieve significant rental premiums on renovated units, substantially increasing rental income. Additionally, Century Group Apartments’ spacious parcels provide unique opportunities for new ownership to increase total unit count and rental income through the development of accessory dwelling units (ADUs).
Property Details
Property Features
Property Information:
Year Built: 1948
Stories: 2
Listing Office:
Office Name: Marcus & Millichap RE Invest
Office Email: tleeson@marcusmillichap.com
Listing Agent: Tyler Leeson
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot Size: 3.00 Acres
Other
Directions Information:
Directions: Cross Streets of West Century Boulevard & South Van Ness Avenue
Price Information
Listing Price Info
Price Summary:
List Price: $19,000,000
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $17.9M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24146738
Listing Office:
Office Name: Marcus & Millichap RE Invest
Office Email: tleeson@marcusmillichap.com
Listing Agent: Tyler Leeson
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 1:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Kentwood Elementary
8401 Emerson Ave
Distance between this listing and this school1.23 miles
Public District Grades KG-5
9
/10
Center Street Elementary School
700 Center St
Distance between this listing and this school1.47 miles
Public District Grades KG-5
4
/10
Westport Heights Elementary School
6011 W 79th St
Distance between this listing and this school1.55 miles
Public District Grades KG-5
Nearby Schools
7
/10
Wish Community
6550 W 80th St
Distance between this listing and this school1.61 miles
Public Charter Grades KG-8
4
/10
Wright Middle School - STEAM Magnet
6550 W 80th St
Distance between this listing and this school1.65 miles
Public Magnet Grades 6-8
8
/10
El Segundo Middle School
332 Center St
Distance between this listing and this school1.80 miles
Public District Grades 6-8
Nearby Schools
3
/10
Arena High (Continuation)
630 Arena St
Distance between this listing and this school1.66 miles
Public District Grades 9-12
10
/10
El Segundo High School
640 Main St
Distance between this listing and this school1.73 miles
Public District Grades 9-12
4
/10
Westchester Enriched Sciences Magnets (WESM)
7400 W Manchester Ave
Distance between this listing and this school2.01 miles
The neighbors living near this home have an average income of $87,500. The most common annual income of people living in Los Angeles, CA is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 20562118 W Century Blvd
What is the listing price of this property?
The listing price of 20562118 W Century Blvd property is $19,000,000.
What type of property is this?
The property 20562118 W Century Blvd is a condo located in Los Angeles, California, 90047.
Is this property for sale now?
Active Listing: 20562118 W Century Blvd is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 20562118 W Century Blvd is 1948.
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This home is located at 20562118 W Century Blvd in Los Angeles, CA and zip code 90047 in the Westchester neighborhood. This home, which was built in 1948, sits on a 3.00 acre lot. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $19,000,000.
In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. Listings spent 38 days on the market in November 2024, and had a median list price of $1,021,532 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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