1111 S Westmoreland Ave - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$11,000,000 USD
310-704-3616
1111 S Westmoreland Ave, Los Angeles, CA for Sale
$11,000,000 USD
Apartments - FOR SALE
1/39
null | Request Cap Rate

1111 S Westmoreland Ave
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • trust sale
  • rents below market
  • nearly fully leased
  • execellent location

OVERVIEW

Trust Sale - 62 unit multifamily investment first time on market in decades. Just south of Olympic Blvd in Harward Heights, in the heart of LA and nearby Koreatown. ElevenEleven features courtyard style living with 33 one bed/one bath and 21 two bed/two bath apartments. Semi subterranean gated parking with 62 spaces. Gross income for 2024 $921,903 which has increased over 2023. Laundry facilities, elevator (renovated last year) Gated access and manager onsite. Low Vacancy and building is subject to RSO. Rents are below market. A/C, and each unit is individually metered. Appliances included. Upside revenue opportunity. Ownership has been hands off for years. All offers must include the purchase contract addendum attached

FOR SALE DETAILS

PRICE

$11,000,000 USD

PRICE/SF

$183 USD /SF

# OF UNITS

62

PRICE/UNIT

$177,419

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eleven Eleven Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

61

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,013 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5076-010-017

ASK ABOUT THIS PROPERTY

Todd WohlBraun InternationalMore Info
310-704-3616

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Todd WohlBraun InternationalMore Info
310-704-3616

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.