155 S Westmoreland Ave - Apartments FOR SALE


Los Angeles, CA 90004
$1,895,000 USD
310-982-7055
155 S Westmoreland Ave, Los Angeles, CA for Sale
$1,895,000 USD
Apartments - FOR SALE
1/66
null | 4% Cap Rate

155 S Westmoreland Ave
Los Angeles, CA 90004


HIGHLIGHTS

  • Turnkey generational asset in the heart of Los Angeles
  • Two separate structures with privacy hedges and sliding front gate
  • Meticulously maintained property with recently updated systems

OVERVIEW

Now open to 50% down seller carry financing. Delivered fully stabilized! Pride of ownership, turnkey, generational asset in a prime location of Rampart Village. There are two structures on the lot with a sliding entry gate, privacy hedges, and space for parking 8 cars. This meticulously maintained property with recently updated landscaping, electrical system, plumbing, sewer line, and roof repairs. Desirable unit mix of side-by-side 2 beds/1 bath units. All units to be delivered recently remodeled and at market rents. Located on a quiet, dead-end tree lined street in an excellent pocket of Los Angeles. Tons of period character throughout the property. Dense rental market with low vacancy and only 2 minutes from the freeway and 5 minutes to downtown LA. Great opportunity to buy a stabilized, generational asset in the heart of Los Angeles! Please drive by only, do not disturb tenants.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$506 USD /SF

# OF UNITS

4

PRICE/UNIT

$473,750

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

5501-015-002

ASK ABOUT THIS PROPERTY

Malcolm ZegerBuckingham InvestmentsMore Info
310-982-7055

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Malcolm ZegerBuckingham InvestmentsMore Info
310-982-7055

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