1256 Westgate Avenue, Los Angeles, CA 90025
  • MLS#: 24415883 ( )
  • Street Address: 1256 Westgate Avenue
  • Viewed: 1
  • Price: $3,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 122
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90025
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Peter Peter
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present 1256 S. Westgate Ave in a prime West Los Angeles submarket just a block south of Wilshire Blvd and adjacent to Brentwood, another premier rental pocket of LA's westside. The subject property is a 10 unit apartment building built in 1960. The building boasts an excellent unit mix including (7) 1 bed / 1 bath and (3) 2 bed / 1 bath units spread out over 7,391 square feet and sits on a 7,202 square foot LAR3 zoned lot. 1256 Westgate is a unique value add opportunity in one of the best rental pockets of Los Angeles. With approximately 72% upside in rents a future investor will benefit from a well located asset and long term growth potential. LA's Westside has continued to prove to be one of the, if not the best, rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates renters continue to seek out opportunities in the immediate area surrounding the subject property. With Santa Monica directly to the west, Brentwood directly to the north and Westwood just a short distance to the east, the property is strategically positioned. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. The location and rental upside make this an opportunity to own a generational asset in one of LA's best neighborhoods.
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Features
Appliances
  1. Refrigerator
Architectural Style
  1. Mid Century Modern
Building Area Total
  1. 7391.00
Construction Materials
  1. Stucco
Cooling
  1. None
Country
  1. US
Direction Faces
  1. West
Fireplace Features
  1. None
Garage Spaces
  1. 0.00
Laundry Features
  1. Washer Included
  2. Dryer Included
  3. Community
Levels
  1. Two
Lot Features
  1. Rectangular Lot
Netoperatingincome
  1. 96370.00
Parcel Number
  1. 4263007025
Parking Features
  1. Covered
  2. Side by Side
  3. Parking Space
Pool Features
  1. None
Postalcodeplus4
  1. 1419
Security Features
  1. Smoke Detector(s)
  2. Carbon Monoxide Detector(s)
Sewer
  1. Other
Sourcesystemkey
  1. 24-415883:CLAW
Spa Features
  1. None
Tenant Pays
  1. Gas
  2. Electricity
Totalexpenses
  1. 74115.00
View
  1. City Lights
Year Built
  1. 1960
Zoning
  1. LAR3