519 S Westmoreland Ave
Los Angeles, CA 90020
18 Units Built in 1984 | Prime Koreatown · Multifamily Property For Sale
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18 Units
Property Facts
| No. Units | 18 | Lot Size | 0.20 AC |
| Property Type | Multifamily | Building Size | 9,932 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1984 |
| Building Class | C | Parking Ratio | 1.81/1,000 SF |
| Zoning | LAR4 | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 9,932 SF |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | LAR4 |
About 519 S WESTMORELAND AVE , LOS ANGELES, CA 90020
Westmoreland Apartments is an 18-unit non rent controlled, value-add opportunity located in the highly desirable Koreatown sub-market. Built in 1984, the subject property is constructed of wood frame and stucco and is situated on an 8,400 square foot parcel, zoned LAR4. The property features efficient floor plans consisting of 18 one-bedroom / one-bath units. Unit amenities include on-site parking and balconies. The property is individually-metered for electric and features all electric appliances. Westmoreland Apartments presents the rare opportunity to acquire a 1980’s constructed, value-add multi-family investment which has largely not been renovated since it was built. An investor will be able to immediately implement a comprehensive interior and exterior renovation to re-position the property into a luxury rental community and increase rental income by an estimated 37 percent.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | 750 |
Property Taxes
| Parcel Number | 5077-004-018 | Improvements Assessment | $1,230,414 |
| Land Assessment | $3,689,018 | Total Assessment | $4,919,432 |
Property Taxes
