1249 S Westgate Avenue
Los Angeles, CA 90025
0.16 acres | #SB24209550
Description
First time on the market ever! 7/8 Units are vacant and renovation
ready! Once stabilized and ADUs are built, the property will
operate at a 7.88% cap rate and 9.09 GRM. 1249 S Westgate
provides an investor with the opportunity to own a trophy asset in
a desirable pocket of West LA, while also picking their own tenants!
The subject property is comprised of (1) 2Bed+1Bath, (6)
1Bed+1Bath, and (1) Studio+1Bath units. Additionally, there is an
opportunity to build (2) ADUs for added income. There are
currently 9 parking spaces on site, as well as a common laundry
area. Beneficial to the new owner, the building has copper
plumbing, and all retrofit work has been completed.
1249 S Westgate is conveniently located near Third Street
Promenade, UCLA Campus and the Brentwood Country Mart. With
an A+ location and ideal curb appeal, the subject property is ideal
for any investor looking for immediate upside and an ADU
opportunity.
Property Details
- Lot DescriptionZeroToOneUnitAcre
- Stories2
Measurements
- Acres0.1602
Parking
- Parking Spaces2
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1953
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$2,950,000
Other
- MLS #SB24209550
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Cameron Samimi (#SBSAMICAM)
Listing Office: Lyon Stahl Investment Real Estate, Inc. (#sb1310620)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
