1256 S Westgate Avenue, Los Angeles, CA 90025

  • $3,200,000
  • $433
1256 S Westgate Avenue, Los Angeles, CA 90025
  • Residential Income
  • Property Type
  • 13
  • Bedrooms
  • 11
  • Bathrooms
  • 0.00
  • Garage
  • 7391.00
  • 1960
  • Year Built
For Sale
1256 S Westgate Avenue, Los Angeles, CA 90025
  • $3,200,000
  • $433

Overview

Property ID: SGR-33639437
  • Residential Income
  • Property Type
  • 13
  • Bedrooms
  • 11
  • Bathrooms
  • 0.00
  • Garage
  • 7391.00
  • 1960
  • Year Built

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.

  • Address 1256 S Westgate Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90025
  • Area WLA - West Los Angeles
  • Country United States

Details

Updated on August 28, 2024 at 8:57 am
  • Property ID: SGR-33639437
  • Price: $3,200,000
  • Property Size: 7391.00 m²
  • Land Area: 7204.00 m²
  • Bedrooms: 13
  • Bathrooms: 11
  • Garage: 0.00
  • Year Built: 1960
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 7391.00
  • MLS#: 24415883
  • Office Name: LYON STAHL INVESTMENT REAL ESTATE, INC.
  • Agent Name: Peter James
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Co-Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Co-Agent Name: William James
  • Agent State License: 01748556
  • Co-Agent State License: 01734419

Additional details

  • View: City Lights
  • Sewer: Other
  • Cooling: None
  • County: Los Angeles
  • Parking: 10.00

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