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1400 S Westmoreland Ave

Los Angeles, CA 90006
  • $1,499,000
  • STATUS: Active Under Contract
  • ON SITE: 174 Days
  • MLS #: 22-114931
Under Contract
UPDATED: 58 min ago
$1,499,000
  • 6
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,614
    SQFT
  • $325
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1995
County:

School Ratings & Info

Description

Excellent Well Maintained 5-unit income property on high demand rental area. Two separate wood frame stucco buildings are located in the Mid-Wilshire area. Front Building = 4 units built in 1913 and consists of 4 very spacious One Bedroom/One Bathroom Units averaging over 900 SF each. Back Building= 1 unit ( DetachedSingle-Family-Residence), a large 2bed+1bath unit is built on the backside built-in 1995 as per ZIMAS. Tenants pay their own utility for Gas and Electric that are individually metered. On-site parking is available with four garages, the total can be 8. . Westmoreland has many upgrades which will reduce the cost of ownership including updated electrical, majority of new copper plumbing, new drain lines, and new paint. Property sold as-is condition. The desirable area rapidly growing in value with walkable post office, eats, K-Town, USC, DTLA, entertainment centers. Value-added opportunity to own your first income unit or for your next successful income-generating portfolio. Please Call L.A for more Info.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-27T16:43:29.52. 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. Properties may or may not be listed by the office/agent presenting the information.
www.haciendagroupinc.com/homes/124394692
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1400 S Westmoreland Ave Los Angeles, CA 90006

  • Price: $1,499,000
  • Status: Active Under Contract
  • On Site: 174 Days
  • Updated: 58 min ago
  • MLS #: 22-114931
6
Beds
0
Baths
0
½ Baths
0.16
Acres
4,614
SQFT
$325
$/SQFT
1995
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
Excellent Well Maintained 5-unit income property on high demand rental area. Two separate wood frame stucco buildings are located in the Mid-Wilshire area. Front Building = 4 units built in 1913 and consists of 4 very spacious One Bedroom/One Bathroom Units averaging over 900 SF each. Back Building= 1 unit ( DetachedSingle-Family-Residence), a large 2bed+1bath unit is built on the backside built-in 1995 as per ZIMAS. Tenants pay their own utility for Gas and Electric that are individually metered. On-site parking is available with four garages, the total can be 8. . Westmoreland has many upgrades which will reduce the cost of ownership including updated electrical, majority of new copper plumbing, new drain lines, and new paint. Property sold as-is condition. The desirable area rapidly growing in value with walkable post office, eats, K-Town, USC, DTLA, entertainment centers. Value-added opportunity to own your first income unit or for your next successful income-generating portfolio. Please Call L.A for more Info.
Exterior Features

Lot Size Area 6764 Other Structures None Parking Garage UncoveredGarage Total Parking 8

Interior Features

Baths Total 5.00 Cooling Wall Unit(S) Equipment Other Heating Wall

Property Features

Assessed Total Value 1202328 Gross Income 87048 Gross Operating Income 87048 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 62331.00 Number Of Buildings 2 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 24705 Type Of Units 5 Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Seong Kelly Chong DRE#01273557 of Dream Realty Asset Mgt, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-27T16:43:29.52. 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. Properties may or may not be listed by the office/agent presenting the information.
 
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Hacienda Agency Inc
77935 Calle Tampico # 201
La Quinta CA, 92253