1677 Westholme Avenue, Los Angeles, CA 90024
  • MLS#: 25603281 ( )
  • Street Address: 1677 Westholme Avenue
  • Viewed: 1
  • Price: $4,895,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 20
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90024
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: David David
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    1677 Westholme Avenue presents a rare opportunity to acquire a trophy multifamily asset situated on a prominent corner lot in one of Los Angeles' most sought after rental markets. Built in 1963, this well maintained, pride of ownership property spans approximately 11,837 square feet and features a diverse and highly desirable unit mix consisting of (3) two bedroom, two bathroom units, (6) one bedroom, one bathroom units, and (1) studio unit. With its commanding corner presence and attractive midcentury architecture, the property boasts exceptional curb appeal that sets it apart from comparable buildings in the area. The property offers long term investment stability and upside, featuring gated parking, controlled access entry, and on site laundry facilities. One unit will be delivered vacant at the close of escrow, providing immediate value add potential. With approximately 21% rental upside, investors have an excellent opportunity to increase cash flow through interior renovations and leasing at market rents. Several units have already been tastefully upgraded with hardwood flooring, stainless steel appliances, and granite countertops, making them highly appealing to today's renters. Perfectly located in the heart of Westwood, 1677 Westholme Avenue is adjacent to West Los Angeles and just minutes from Century City and UCLA, offering unmatched proximity to world class dining, shopping, and employment hubs. The property is surrounded by multi million dollar single family homes, enhancing its prestige and long term desirability. This corner trophy asset represents an outstanding opportunity to acquire a stabilized, income producing property with strong fundamentals, proven ownership history, and value add upside in one of the Westside's most supply constrained and high demand submarkets.
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Features
Appliances
  1. Dishwasher
  2. Refrigerator
Building Area Total
  1. 11837.00
Cooling
  1. Central Air
Country
  1. US
Heating
  1. Central
Levels
  1. Multi/Split
  2. Three Or More
Netoperatingincome
  1. 216899.00
Parcel Number
  1. 4326026023
Parking Features
  1. Gated
Sourcesystemkey
  1. 25603281:CLAW
Totalexpenses
  1. 109370.00
Year Built
  1. 1963
Zoning
  1. LAR3