326 S Gretna Green Way, Los Angeles, CA 90049

Property Description

326 S Gretna Green Way presents a rare opportunity to acquire a multifamily property north of San Vicente in Brentwood. This charming building, constructed in 1947, sits on a large double lot spanning 14,246 square feet along a beautiful tree-lined street surrounded by multi-million-dollar homes. The property currently operates with a unit mix of two two-bedroom/one-bath units and six one-bedroom/one-bath units. Zoned R1, the double lot offers multiple paths forward: continue operating as multifamily rentals with the ability to add value and raise rents over time, or hold the parcel as a land bank for future redevelopment as a single-family home or homes. There is also potential to add an ADU (buyer to verify). At the list price, the offering is priced at just $301.84 per square foot of land an exceptional basis in this submarket, particularly given that nearby single-family homes built within the last five years have sold at an average of $1,699 per square foot over the trailing twelve months. The location is the standout. Set north of San Vicente in the heart of Brentwood, the property is a short stroll from the Sunday farmers market held on Gretna Green Way itself and the historic Brentwood Country Mart, along with the high-end dining and boutiques that line San Vicente Boulevard, including Baltaire, Toscana, SUGARFISH, and Jon & Vinny's. The 405 Freeway runs along Brentwood's eastern edge for straightforward commuting, with Westwood, UCLA, and the Getty Center all just minutes away, and Santa Monica, Beverly Hills, and Century City within close reach. The property is located within the Los Angeles Unified School District and is served by Kenter Canyon Charter Elementary, Paul Revere Charter Middle, and Palisades Charter High (buyer to verify school assignment and boundaries).