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932 S Westmoreland Ave
Los Angeles, CA 90006
KSR Koreatown · Multifamily Property For Sale
·
32 Units
Investment Highlights
- One of the most well-kept and thoughtfully designed Mid-Century apartment buildings in Mid-Wilshire w/ exceptionally clean common areas and exterior
- Updated main entry, lobby, hallways and rear-yard common lounge area w/ patio + elevated deck, common area lighting, paint, etc.
- Great value-add opportunity with 30%+ rental upside potential—17/32 units (53%) have not been turned/renovated by current ownership (since Aug. 2015)
- New roof (2020), new elevator motor/power box (2019), new windows building-wide (2018), new master boiler, new garage gate motor
- Secured garage parking w/ 27 individual spaces; 16-camera security system + 4 Ring cameras throughout the property
- No soft-story retrofit fit work required; No rents owed as a result of Covid
Property Facts
| No. Units | 32 | Lot Size | 0.25 AC |
| Property Type | Multifamily | Building Size | 20,445 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.32/1,000 SF |
| Zoning | LAR4-1 | ||
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 20,445 SF |
| No. Stories | 3 |
| Year Built | 1964 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | LAR4-1 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Refrigerator
- Stainless Steel Appliances
Site Amenities
- Laundry Facilities
- Picnic Area
- Security System
- Gated
- Elevator
- Lounge
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 17 | - | - |
| 1+1 | 12 | - | - |
| 2+2 | 3 | - | - |
Property Taxes
| Parcel Number | 5076-003-001 | Improvements Assessment | $2,886,485 |
| Land Assessment | $4,329,728 | Total Assessment | $7,216,213 |
Property Taxes
Parcel Number
5076-003-001
Land Assessment
$4,329,728
Improvements Assessment
$2,886,485
Total Assessment
$7,216,213
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