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335 S Westlake Ave

Los Angeles, CA 90057
  • $1,995,000
  • STATUS: Active Under Contract
  • ON SITE: 68 Days
  • MLS #: 22-148467
Under Contract
UPDATED: 67 min ago
$1,995,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,345
    SQFT
  • $272
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:

School Ratings & Info

Description

We are pleased to present this value-add opportunity to acquire 335 S. Westlake, a 15 unit multifamily investment property located in the Westlake community of Los Angeles. Built in 1957 the property offers a 7,345 SF building comprised of 14 studios and 1, one bedroom, one bath units. For future development opportunity the property is situated on a 7,743 SF lot zoned R4, TOC 3 in an enterprise and opportunity zone. The Westlake neighborhood has shown strong rental growth year after year. The property is located near the Metro Purple and Red lines at the Westlake MacArthur park station. The property is sold in its As-Is, Where-Is condition

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-28T21:43:04.633. 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/127892002
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335 S Westlake Ave Los Angeles, CA 90057

  • Price: $1,995,000
  • Status: Active Under Contract
  • On Site: 68 Days
  • Updated: 67 min ago
  • MLS #: 22-148467
0
Beds
0
Baths
0
½ Baths
0.18
Acres
7,345
SQFT
$272
$/SQFT
1957
Built
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
We are pleased to present this value-add opportunity to acquire 335 S. Westlake, a 15 unit multifamily investment property located in the Westlake community of Los Angeles. Built in 1957 the property offers a 7,345 SF building comprised of 14 studios and 1, one bedroom, one bath units. For future development opportunity the property is situated on a 7,743 SF lot zoned R4, TOC 3 in an enterprise and opportunity zone. The Westlake neighborhood has shown strong rental growth year after year. The property is located near the Metro Purple and Red lines at the Westlake MacArthur park station. The property is sold in its As-Is, Where-Is condition
Exterior Features

Lot Size Area 7745 Other Structures None Parking Garage Carport Total Parking 9

Interior Features

Baths Total 15.00 Cooling None Equipment None Heating Other

Property Features

Gross Income 143666 Gross Operating Income 143666 Like Units1 10 Like Units2 3 Like Units3 1 Like Units4 1 Net Operating Income 74904.00 Number Of Buildings 1 Number Of Units 15 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 65888 Type Of Units Apt Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of D. Timothy Byrne DRE#01186465 of Compass.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-06-28T21:43:04.633. 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