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    516 N Westmoreland Ave

    Los Angeles, CA 90004
    • $995,000
    • STATUS: Active
    • ON SITE: 20 days
    • MLS #: 21-757684
    UPDATED: 31 min ago
    $995,000
    • 7
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,872
      SQFT
    • $346
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Mid century 5 units. Building consists of 1 ( 3 bed+ 2 bath) and 4 (1 bed+ 1bath). Located 1 block W of Virgil and 2 blocks south of Melrose. Rent are very low. All units are occupied. Property is zoned LAR3 with a TOC Tier 3 designation with the City of Los Angeles. Located in an 'Opportunity Zone'. Covered parking for 4 cars. Lot is approx. 40 X 150. Property is under City of Los Angeles rent control. Please do not disturb occupants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-29T14:42:58.937. 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/119127198
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    516 N Westmoreland Ave Los Angeles, CA 90004

    • Price: $995,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 21-757684
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    2,872
    SQFT
    $346
    $/SQFT
    1958
    Built
    Neighborhood:
    Silver Lake - Echo Park
    County:
    Los Angeles
    Area:
    Silver Lake - Echo Park
    Property Description
    Mid century 5 units. Building consists of 1 ( 3 bed+ 2 bath) and 4 (1 bed+ 1bath). Located 1 block W of Virgil and 2 blocks south of Melrose. Rent are very low. All units are occupied. Property is zoned LAR3 with a TOC Tier 3 designation with the City of Los Angeles. Located in an 'Opportunity Zone'. Covered parking for 4 cars. Lot is approx. 40 X 150. Property is under City of Los Angeles rent control. Please do not disturb occupants.
    Exterior Features

    Carport Spaces Total 4 Covered Parking 4 Lot Size Area 6008 Other Structures None Parking Garage Carport Detached Total Parking 4 View Description None View YN No

    Interior Features

    Baths Total 6.00 Cooling Wall/WindowCentral Equipment Garbage DisposalCable Heating WallCentral Water Heater Features GasWater Heater Unit

    Property Features

    Assessed Total Value 101716 Gross Income 46656 Gross Operating Income 45256 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 18635.00 Number Of Buildings 2 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Tenant Pays ElectricityGas Total Annual Expense 26621 Type Of Units Low Rise Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Charles Lazar DRE#00426953 of Aoa Commercial Brokerage.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-07-29T14:42:58.937. 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