1435 S WESTMORELAND AVE, Los Angeles, Los Angeles County, CA, 90006 Los Angeles CA US

USD 3,795,000
For Sale MLS: 22-187041

Property Details

Bedrooms

20

Bathrooms

16

Neighborhood

Pico - Union

Property Type

MultiFamily

Description

We are pleased to present 1435 S Westmoreland Avenue, a FULLY-LEASED, newly built 5-unit townhouse complex in Pico Union. This high demand rental will provide proud investors with an unparalleled 5.23% Cap Rate, with easy maintenance and little management needed. 1435 S Westmoreland features (2) 4 Bed/3.5 Bath, (2) 4 Bed/ 2.5 Bath, and (1) 4 Bed/ 4 Bath units with high ceilings, attached balconies, in-unit washer & dryer, stainless steel appliances, and attached tandem parking. In addition to the impressive return, investors will notice increased gentrification occurring at a quick pace in Pico Union as upscale multifamily developments are increasingly popping up, heightening the desirability of the neighborhood. The developer has kept in mind the needs and desires of today's renters and executed accordingly within these five units. Investors will also enjoy extreme desirability in the already present active community and steadily increasing rents for years to come. Find out more about this property. Request details here

Location

Address

1435 S Westmoreland Ave, Los Angeles, California 90006, United States

City

Los Angeles

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