1256 S Westgate Avenue, Los Angeles, CA 90025
- $3,200,000
- $433
- $3,200,000
- $433
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
Open on Google Maps-
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
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees
What's Nearby?
Contact Information
View ListingsSimilar Listings
- Sankofa Global Realty