IMPROVED INCOME. UNDER 11.51 GIM and 5.57 CAP Rate in Prime West LA North of Santa Monic Blvd. We are 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… Read More 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. Read Less
Listing Snapshot
Days Online
114
Last Updated
Property Type
Other
Beds
9
Square Ft.
4,872
Lot Size
0.16 Acres
Year Built
1956
MLS Number
25574441
30 Days Snapshot Of 90025
$1.27M
+3%
(avg) sold price
25
0%
homes sold
64
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Microwave, Oven, Refrigerator
Building
Built in 1956, Building area total: 4,872, Levels: One, Living area: 4872, 1 story, 1 building
Cooling
WallWindowUnits
Floors
Laminate
Heating
WallFurnace
Income
Gross income: $229,372, Net operating income: $150,098
Lot
0.1606 acres, 6,997 square feet, Size: 6,997
Parking
9 totals parking, Assigned
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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