1176 N Westmoreland Avenue,  Los Angeles CA, 90029 (Residential Income)

6,530 sqft
Status: Active
MLS#: 16171848
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Last Updated: 12/4/2016 2:49 AM
Description for 1176 N Westmoreland Avenue Los Angeles, CA 90029
Cap rate calculated on new higher tax base at $2.4MM! This is a quality building with very little deferred maintenance. With little effort, this could be a very attractive property! Effectively built in 2008 (see permit and Certificate of Occupancy from City), all the systems are very nice! Each unit has central A/C. Hardwood. The building has huge upside rental income potential in 2 of the 4 units!! Off street parking for all units! Street to alley property. Easy to maintain building with 100% easygoing upwardly mobile tenants. This part of the Silverlake / East Hollywood border is in high rental demand!! Walking distance to Sunset Junction as well as the redline subway. Walk to the Vista Theater, The Kitchen, 4100 Bar, Vons, Starbucks etc. There is greater upside rent potential in this building although even now, it generates great income. Specimen fruit trees, grape vines and underused front gardening areas.
Price
$2,400,000
Los Angeles
6,530 (approx)
16171848
Active
Description
Cap rate calculated on new higher tax base at $2.4MM! This is a quality building with very little deferred maintenance. With little effort, this could be a very attractive property! Effectively built in 2008 (see permit and Certificate of Occupancy from City), all the systems are very nice! Each unit has central A/C. Hardwood. The building has huge upside rental income potential in 2 of the 4 units!! Off street parking for all units! Street to alley property. Easy to maintain building with 100% easygoing upwardly mobile tenants. This part of the Silverlake / East Hollywood border is in high rental demand!! Walking distance to Sunset Junction as well as the redline subway. Walk to the Vista Theater, The Kitchen, 4100 Bar, Vons, Starbucks etc. There is greater upside rent potential in this building although even now, it generates great income. Specimen fruit trees, grape vines and underused front gardening areas.
Listing Information
Property Type: Cluster, Other
0.16 Acres 720,300 sq.ft. 6,530 (approx)
$367.53 2008
4 Total
Neighborhood
Room Information
Interior Features
Garbage Disposal, Refrigerator
Central Air
Exterior / Lot Features
Carport, Driveway
LARD1.5
Driving Directions
Virgil & Lexington. South of Fountain. North of Santa Monica Blvd.
Financial Considerations
5542026020
,$38,796
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90029 has a population of 3,804,503.

The median household income in Los Angeles, California 90029 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90029 is 34.1 years.

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Courtesy: Barbano Realty Frank Paul Barbano
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