1453 S Westgate Ave, Los Angeles, CA, 90025

USD 2,585,000 /mo

For Rent MLS: 26636495

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Property Details

Bedrooms

Bathrooms

Property Type

multi family

Description

Multi Family in Los Angeles, CA - Bedrooms: 9 - Bathrooms: 3 - Area: 4872 sqft - Year Built: 1956 - Lot: 6996 sqft

Listing Agent: Jonathan Taksa Brokerage: Jonathan Taksa

PRICED TO SELL! NEWLY REDUCED AND BEST PRICED DEAL IN WEST LOS ANGELES! 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 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.

Location

Address

1453 S Westgate Ave, Los Angeles, CA, 90025

City

Los Angeles

Features and Finishes

Bedrooms: 9, Total Bathrooms: 9, Full Bathrooms: 3, Cooling Features: Window Unit(s), Heating Features: Wall, Lot Size Acres: 0.1606, Lot Size Source: Vendor Enhanced, Lot Size Square Feet: 6997, Parking Features: Assigned, Detached, Parking Total: 9, Number of Buildings: 1, Number of Units: 9, Unit Type: 1s, Bedrooms in Unit-1: 1, Bedrooms in Unit-2: 1, Bedrooms in Unit-3: 1, Total Bathrooms in Unit-1: 1, Total Bathrooms in Unit-2: 1, Total Bathrooms in Unit-3: 1, Full Bathrooms in Unit-1: 1, Full Bathrooms in Unit-2: 1, Full Bathrooms in Unit-3: 1, Unit 1 Total Actual Rent: 5200, Unit 2 Total Actual Rent: 7200, Unit 3 Total Actual Rent: 8900, Gross Income: 232603, Gross Scheduled Income: 237403, Source Listing Status: Pending, County: Los Angeles, Cap Rate: 5.97, Directions: North of Santa Monica Blvd. Prime West Los Angeles location, Source Property Type: Residential Income, Area: West L.A., Source Neighborhood: West L.A., Parcel Number: 4263-032-022, Zoning: LAR3, Net Operating Inc

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