Properties
Los Angeles, CA 90017 517 Loma
$3,400,000
8 more
Presented By: Robert Chou with Golden Compass Realty, Inc; Robert@goldencompassre.com
Baths • 1
SQFT • 8,704
Home Details
Well-located 12-unit apartment building in the heart of Westlake, directly across from LAPD Newton Division headquarters, which brings a real sense of stability and safety presence to the block. The property is fully occupied and currently produces steady rental income, making it suitable for an owner who wants cash flow from day one. Over time, rents have room to grow as units turn, and the underlying land sits in an area the City is actively encouraging more housing. It’s uncommon to find a Westlake property directly across from a police station with this level of zoning flexibility already in place. Opportunities with this combination of location, stability, and future potential don’t come up often — and when they do, they tend to move quickly.
Presented By: Robert Chou with Golden Compass Realty, Inc; Robert@goldencompassre.com
Interior Features for 517 Loma
Other Interior Features
Common WallsNo Common Walls
Laundry FeaturesWasher Hookup, Gas Dryer Hookup
Total Stories2
Other Rooms
Entry Level1
General for 517 Loma
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Carport Spaces10
Carport Y/NYes
CityLos Angeles
Community FeaturesStreet Lights, Sidewalks, Urban, Park
Contingency1031 exchange
CountyLos Angeles
DirectionsFrom I-10. Exit Alvarado St North, right on 7th St, right on Coronado St, left on Loma Dr.
Electric Expense36000
Entry Locationside of building.
Fuel Expense2160
Garage Spaces
Garage Y/NNo
Gross Income255154
HOANo
HOA Fee$
Insurance Expense11000
Land Lease Y/NNo
LevelsTwo
Listing TermsCash to Existing Loan, 1031 Exchange
Lot Size Square Feet7620
Lot Size UnitsSquare Feet
MLS AreaC42 - Downtown L.A.
Net Operating Income158747.1
New ConstructionNo
Number Of Units Total12
Number of Units Leased12
Open Parking Spaces0
Operating Expense76960
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLOS ANGELES
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot33
Tenant PaysCable TV, Electricity, Gas, Parking Fee
Total Actual Rent19462.8
Trash Expense5700
Water Sewer Expense36000
Year Built1954
Year Built SourcePublic Records
Exterior for 517 Loma
Building Area Total8704
Lot FeaturesNear Park, Near Public Transit, Rectangular Lot, Walkstreet
Lot Size Acres0.1749
Lot Size Area7620
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters13
Number of Separate Gas Meters13
Number of Separate Water Meters1
Parking FeaturesAssigned, Carport
Private PoolNo
Total Parking10
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
