1400 S Westmoreland Avenue

    Los Angeles (City), CA 90006
    • $1,210,000
    • STATUS: Active
    • ON SITE: 100 days
    • ID#: 19529274
    UPDATED: 11 min ago
    $1,210,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1995
    County:

    School Ratings & Info

    Description

    5 Large Units located at 1400-1402 1/2 S. Westmoreland Ave and 1401 S Orchard Ave in Los Angeles. Well Maintained Property, Excellent Rental Location - close to redeveloping Downtown LA, USC and Koreatown! Freeway and Transit close! Individually metered for Gas and Electric. Westmoreland has many upgrades which will reduce the cost of ownership including updated electrical, majority new cooper plumbing, new drain lines and newer roof. Property consists of 5 units - (4) Four (1) One Bedroom and (1) Bath Units (1913 Construction) and (1) One - 2 Bedroom + 1 Bath Unit (1995 Construction). Very Strong cash flow with approximately 20% upside in rents! There is on-site parking and garages which is an added amenity for tenants. The property boast a walkscore of 88 as it is within walking distance of restaurants, post office, shopping and major public/transit access.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-20T15:32:37.73. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

    www.livelovethefoothills.com/homes/100827286

    1400 S Westmoreland Avenue Los Angeles (City), CA 90006

    • Price: $1,210,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: 19529274
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1995
    Built
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    5 Large Units located at 1400-1402 1/2 S. Westmoreland Ave and 1401 S Orchard Ave in Los Angeles. Well Maintained Property, Excellent Rental Location - close to redeveloping Downtown LA, USC and Koreatown! Freeway and Transit close! Individually metered for Gas and Electric. Westmoreland has many upgrades which will reduce the cost of ownership including updated electrical, majority new cooper plumbing, new drain lines and newer roof. Property consists of 5 units - (4) Four (1) One Bedroom and (1) Bath Units (1913 Construction) and (1) One - 2 Bedroom + 1 Bath Unit (1995 Construction). Very Strong cash flow with approximately 20% upside in rents! There is on-site parking and garages which is an added amenity for tenants. The property boast a walkscore of 88 as it is within walking distance of restaurants, post office, shopping and major public/transit access.
    Exterior Features

    Lot Size Source Assessor Parking Features Gated Parking YN Yes

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 82842.00 Gross Multiplier 14.17 Gross Operating Income 85404.00 Net Operating Income 54654.00 Senior Community YN No Special Listing Conditions Standard Total Actual Rent 85404.00 Zoning Lard1.5

    Listing provided courtesy of Michael Pesci of Keller Williams Studio City and James Antonucci of Keller Williams Realty-Studio City


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-20T15:32:37.73. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

     
    The Costantino Group | Cal American Homes and Realty
    405 West Foothill Blvd Suite 203
    Claremont CA, 91711