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123 S Westmoreland Ave
Los Angeles, CA 90004
Multifamily Property For Sale
·
16 Units
Investment Highlights
- PRICED FOR IMMEDIATE SALE. SUBMIT ALL OFFERS.
- Priced at $103,125/Unit and $212.63/SF
- Enormous Opportunity for Rental Growth via Targeted Renovations for the Savvy and Mission-Oriented Operator
- Going in CAP Rate of 6.66%. Market CAP Rate of 12.95%. GRM of 8.80. Potential of Nearly 100% Upside During the Hold Period.
- 4 Renovated Units Will be Delivered Vacant at COE Allowing the New Buyer to Bring Rents to Market Immediately
- Qualified Opportunity Zone Investment. Subject to LARSO
Property Facts
| No. Units | 16 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 7,760 SF |
| Property Subtype | Apartment | Average Occupancy | 75% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | B | Year Built | 1925 |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 7,760 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
Amenities
Unit Amenities
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | $778.00 | 485 |
Property Taxes
| Parcel Number | 5501-015-008 | Improvements Assessment | $65,132 |
| Land Assessment | $195,429 | Total Assessment | $260,561 |
Property Taxes
Parcel Number
5501-015-008
Land Assessment
$195,429
Improvements Assessment
$65,132
Total Assessment
$260,561
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