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500 S Westmoreland Ave
Los Angeles, CA 90020
Westmoreland Apartments - 7% Cap and 7.19 GRM · Multifamily Property For Sale
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54 Units
Investment Highlights
- 38/54 Units Meticulously Renovated with Stainless Steel Appliances, Quartz Countertops, New Cabinets, Refreshed Hardwood Floor, and More!
- Potential ADU Opportunity: Large 6,800+ SF Basement with ADU Potential
- Walker's Paradise: 95 WalkScore and 80 TransitScore
- Strong Submarket Fundamentals: 94% Current Occupancy
- Great Unit Mix with Average Unit Sizes Around 700 SF
Property Facts
| No. Units | 54 | Lot Size | 0.33 AC |
| Property Type | Multifamily | Building Size | 46,144 SF |
| Property Subtype | Apartment | Average Occupancy | 93% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | C | Year Built/Renovated | 1926/2019 |
| Zoning | LAR4P | ||
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 46,144 SF |
| Average Occupancy | 93% |
| No. Stories | 4 |
| Year Built/Renovated | 1926/2019 |
| Zoning | LAR4P |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
- Elevator
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | - | 468 - 658 |
| 1+1 | 30 | - | 468 - 920 |
| 2+1 | 2 | - | 920 |
Property Taxes
| Parcel Number | 5077-004-015 | Improvements Assessment | $7,595,008 |
| Land Assessment | $5,063,338 | Total Assessment | $12,658,346 |
Property Taxes
Parcel Number
5077-004-015
Land Assessment
$5,063,338
Improvements Assessment
$7,595,008
Total Assessment
$12,658,346
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