1249 S Westgate Ave | Los Angeles, CA 90025
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- LoopNet Team
1249 S Westgate Ave
Los Angeles, CA 90025
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- 7/8 Units are currently vacant! Will operate at a 7.88% CAP and a 9.09 GRM once vacancies are filled and ADUs are built
- Copper plumbing throughout the building
- Buyer can renovate the units immediately
- Unit mix of (1) 2Bed+1Bath , (6) 1Bed+1Bath, and (1) Studio+1Bath units- Additionally there is an opportunity to build (2) ADUs for added income
- Retrofit work has been completed
- 9 Parking spaces on site
PROPERTY FACTS
| No. Units | 8 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 5,685 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1953 |
| Building Class | C | ||
| Zoning | LAR3 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,685 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Zoning | LAR3 |
PROPERTY TAXES
| Parcel Number | 4263-007-089 | Improvements Assessment | $600,000 |
| Land Assessment | $2,000,000 | Total Assessment | $2,600,000 |
PROPERTY TAXES
Parcel Number
4263-007-089
Land Assessment
$2,000,000
Improvements Assessment
$600,000
Total Assessment
$2,600,000
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