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1400 S Westmoreland Avenue

Los Angeles (City), CA 90006
  • $1,499,000
  • STATUS: Active Under Contract
  • ON SITE: 181 Days
  • ID#: 22114931
Under Contract
UPDATED: 51 min ago
$1,499,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1995
County:

School Ratings & Info

Listing Agent(s): Seong Kelly Chong of Dream Realty Asset Mgt, Inc. (213-380-8949)


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 California Regional Multiple Listing Service, Inc. as of 2022-07-04T22:25:19.96. 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 Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
www.homefinderorangecounty.com/homes/124398383
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1400 S Westmoreland Avenue Los Angeles (City), CA 90006

  • Price: $1,499,000
  • Status: Active Under Contract
  • On Site: 181 Days
  • Updated: 51 min ago
  • ID#: 22114931
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1995
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - 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

Parking Features GarageUncovered Parking Total 8

Interior Features

Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Garage YN Yes Gross Income 87048 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 62331 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-07-04T22:25:19.96. 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 Zen Ziejewski and Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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Zen Ziejewski and Team | Keller Williams Realty
27101 Puerta Real #150
Mission Viejo CA, 92691
Listing Agent(s): Seong Kelly Chong of Dream Realty Asset Mgt, Inc. (213-380-8949)