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1150 S Westmoreland Ave 30 Unit Apartment Building $9,400,000 ($313,333/Unit) 5.10% Cap Rate Los Angeles, CA 90006
Investment Highlights
- Units are individually metered for gas and electic
- Each unit comes with two dedicated parking spaces
- All thirty units come with a private balcony
- New Roof Installed three years ago.
Property Facts
| Price | $9,400,000 | Apartment Style | Low-Rise |
| Price Per Unit | $313,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.54 AC |
| Cap Rate | 5.10% | Building Size | 31,648 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 97% |
| Gross Rent Multiplier | 11.02 | No. Stories | 3 |
| No. Units | 30 | Year Built | 1987 |
| Property Type | Multifamily | Parking Ratio | 1.99/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR4 | ||
| Price | $9,400,000 |
| Price Per Unit | $313,333 |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.02 |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.54 AC |
| Building Size | 31,648 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1987 |
| Parking Ratio | 1.99/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR4 |
Amenities
Unit Amenities
- Heating
- Kitchen
Site Amenities
- Courtyard
- Laundry Facilities
- Security System
- Recycling
- Car Charging Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 28 | - | - |
| 2+2.5 | 2 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5076-011-021 | Improvements Assessment | $5,024,223 |
| Land Assessment | $2,512,110 | Total Assessment | $7,536,333 |
Property Taxes
Parcel Number
5076-011-021
Land Assessment
$2,512,110
Improvements Assessment
$5,024,223
Total Assessment
$7,536,333
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Contact the Sale Advisor
1150 S Westmoreland Ave