1400 S Westmoreland Avenue

    Los Angeles (City), CA 90006
    • $1,300,000
    • STATUS: Active
    • ON SITE: 175 days
    • ID#: 19458934
    UPDATED: 59 min ago
    $1,300,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,614
      SQFT
    • $282
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1995
    County:

    School Ratings & Info

    Description

    Price just dropped $195,000 below selling price.!!!Great Opportunity!!! Unique 5-unit Rental income apartment property in one of the hottest places near K-Town, USC and DTLA. Updated ELECTRICAL AND PLUMBING DRAIN PIPE, CUPPER WATER LINE (except 2 units.) The property boasts single family home in the rear (rebuilt 1995, 2 br/1ba) with two detached buildings: front 2 story building with 4 units (2 br/1 bat & 1.5 ba) side by side on 6764 SQ FT LOT. Desirable area rapidly growing in value with walkable post office, restaurants, shopping, & public transportation. Easy access to the 10 FWY and 110 FWY, which connects to all other major freeways. You'll be pleasantly surprised by this area and property...and the ease by which you can make it "home."Property sold as is condition.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T11:35:20.643. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/94064301

    1400 S Westmoreland Avenue Los Angeles (City), CA 90006

    • Price: $1,300,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 19458934
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,614
    SQFT
    $282
    $/SQFT
    1995
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    Price just dropped $195,000 below selling price.!!!Great Opportunity!!! Unique 5-unit Rental income apartment property in one of the hottest places near K-Town, USC and DTLA. Updated ELECTRICAL AND PLUMBING DRAIN PIPE, CUPPER WATER LINE (except 2 units.) The property boasts single family home in the rear (rebuilt 1995, 2 br/1ba) with two detached buildings: front 2 story building with 4 units (2 br/1 bat & 1.5 ba) side by side on 6764 SQ FT LOT. Desirable area rapidly growing in value with walkable post office, restaurants, shopping, & public transportation. Easy access to the 10 FWY and 110 FWY, which connects to all other major freeways. You'll be pleasantly surprised by this area and property...and the ease by which you can make it "home."Property sold as is condition.
    Exterior Features

    Lot Size Units Square Feet Parking Features Parking Space Parking YN Yes

    Interior Features

    Appliances Disposal Appliances YN Yes

    Property Features

    Cap Rate 4.90 Gross Multiplier 17.63 Gross Operating Income 84653.00 Improvements Amount 118401 Insurance Expense 1581.00 Land Value 317037 Net Operating Income 73107.00 Special Listing Conditions Standard Total Expenses 11545.00 Water Sewer Expense 3783.00 Zoning Lard1.5

    Listing provided courtesy of Michael Park of New Star Realty and Jenny Nam of New Star Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T11:35:20.643. This information 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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