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5.57 CAP and 11.51 GIM in Prime West LA 1453 S Westgate Ave 9 Unit Apartment Building $2,695,000 ($299,444/Unit) 5.57% Cap Rate Los Angeles, CA 90025
INVESTMENT HIGHLIGHTS
- Premier Westside location and only 11.51 GIM and Incredible 5.57 Cap Rate
- Designer remodeled interiors
- Soft story seismic retrofit completed by Seller (Buyer to verify)
- 9 units situated in prime West Los Angeles
- Excellent unit mix (all 1-bedroom units)
- In close proximity to high-end dining. retail, entertainment venues, UCLA, and the beach
EXECUTIVE SUMMARY
Increased income! Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a timeless mid-century gem located in prime West Los Angeles. 1453 S Westgate Avenue, perfectly positioned along a tree-lined street, presents the unique opportunity to acquire a quintessential turnkey property situated in one of the strongest rental locations in Los Angeles. The property boasts an ideal unit mix for the area consisting of all large 1-bedroom units, with some units featuring outdoor patios or a separate office space. Each of the units has a terrific floor plan and offers an abundance of natural light.
Many units have been designer remodeled and luxury upgraded with top of the line appliances, hardwood flooring, and updated kitchens and bathrooms. Other property features include well landscaped grounds, a pitched roof, copper plumbing, an on-site laundry facility, and ample on-site parking. All soft story seismic retrofit has been completed by ownership (Buyer to verify).
Close to some of Los Angeles’ best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
Many units have been designer remodeled and luxury upgraded with top of the line appliances, hardwood flooring, and updated kitchens and bathrooms. Other property features include well landscaped grounds, a pitched roof, copper plumbing, an on-site laundry facility, and ample on-site parking. All soft story seismic retrofit has been completed by ownership (Buyer to verify).
Close to some of Los Angeles’ best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$229,372
|
$47.08
|
| Other Income |
$4,800
|
$0.99
|
| Vacancy Loss |
$6,881
|
$1.41
|
| Effective Gross Income |
$227,291
|
$46.65
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$77,192
|
$15.84
|
| Net Operating Income |
$150,099
|
$30.81
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $229,372 |
| Annual Per SF | $47.08 |
| Other Income | |
|---|---|
| Annual | $4,800 |
| Annual Per SF | $0.99 |
| Vacancy Loss | |
|---|---|
| Annual | $6,881 |
| Annual Per SF | $1.41 |
| Effective Gross Income | |
|---|---|
| Annual | $227,291 |
| Annual Per SF | $46.65 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $77,192 |
| Annual Per SF | $15.84 |
| Net Operating Income | |
|---|---|
| Annual | $150,099 |
| Annual Per SF | $30.81 |
PROPERTY FACTS
| Price | $2,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $299,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.57% | Building Size | 4,872 SF |
| Gross Rent Multiplier | 11.51 | Average Occupancy | 78% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.85/1,000 SF |
| Zoning | LAR3 | ||
| Price | $2,695,000 |
| Price Per Unit | $299,444 |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Gross Rent Multiplier | 11.51 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,872 SF |
| Average Occupancy | 78% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.85/1,000 SF |
| Zoning | LAR3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | 600 |
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (86)
PROPERTY TAXES
| Parcel Number | 4263-032-022 | Improvements Assessment | $319,584 |
| Land Assessment | $309,767 | Total Assessment | $629,351 |
PROPERTY TAXES
Parcel Number
4263-032-022
Land Assessment
$309,767
Improvements Assessment
$319,584
Total Assessment
$629,351
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5.57 CAP and 11.51 GIM in Prime West LA | 1453 S Westgate Ave
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