Properties
Los Angeles, CA 90004 155 S Westmoreland Avenue
$1,700,000
38 more
Presented By: Malcolm Zeger with Buckingham Investments, Inc; 626-483-7983
Baths • 1
SQFT • 3,744
Home Details
Delivered fully stabilized! Pride of ownership, turnkey, generational asset in a prime location of Rampart Village. There are two structures on the lot with a sliding entry gate, privacy hedges, and space for parking 8 cars. This property has been meticulously maintained with recently updated landscaping and electrical system, sewer line replacement, and rebuilt showers and plumbing. Desirable unit mix of side-by-side 2 beds/1 bath units. All units to be delivered recently remodeled and at market rents. Located on a quiet, dead-end tree lined street in an excellent pocket of Los Angeles. Tons of period character throughout the property. Dense rental market with low vacancy and only 2 minutes from the freeway and 5 minutes to downtown LA. Great opportunity to buy a stabilized, generational asset in the heart of Los Angeles! Please drive by only, do not disturb tenants.
Presented By: Malcolm Zeger with Buckingham Investments, Inc; 626-483-7983
Interior Features for 155 S Westmoreland Avenue
Other Interior Features
Common Walls2+ Common Walls
Total Stories2
Other Rooms
Entry Level1
General for 155 S Westmoreland Avenue
AccessibilityParking
Additional Parcels Y/NNo
AppliancesDryer
Building Area UnitsSquare Feet
Cap Rate4.3
CityLos Angeles
Community FeaturesUrban
ContingencyBroker does not guarantee accuracy of the information provided by seller or public records. Buyers are encouraged to conduct thorough due diligence independently.
CountyLos Angeles
DirectionsOn West side of Westmoreland at the end of the dead-end street.
Electric Expense519
Entry LocationLevel 1
Fuel Expense519
Garage Spaces
Garage Y/NNo
Gross Income
Insurance Expense4680
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, Conventional
Lot Size Square Feet6499
Lot Size UnitsSquare Feet
MLS AreaC17 - Mid-Wilshire
Net Operating Income73890
New ConstructionNo
Number Of Units Total4
Open Parking Spaces8
Operating Expense47292
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidential Income
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot18
Trash Expense519
UtilitiesElectricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
ViewNone
Water Sewer Expense519
Year Built1937
Year Built SourceAssessor
ZoningLAR3
Exterior for 155 S Westmoreland Avenue
Building Area Total3744
Lot Features2-5 Units/Acre
Lot Size Acres0.1492
Lot Size Area6499
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters4
Parking FeaturesShared Driveway, Side By Side, Uncovered
Private PoolNo
Total Parking8
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
