1433 S Westmoreland Ave, Los Angeles, CA 90006

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$3,295,000

Est. payment - /mo

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20 BD

20 BA

8,080 SqFt

Active

1433 S Westmoreland Ave Los Angeles, CA 90006

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/09/2024 03:49 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,080 sqft

Price per Sqft $407

MLS Listing ID 24-450567

Bedrooms 20

Year Built 2022

Lot Size 7,474 Sqft

Acres 0.1716

Property Description

Welcome to a spectacular multi family investment opportunity conveniently located near the 10 freeway with easy access to Downtown Los Angeles. This 2022 construction that consists of five townhome style units, will be delivered with four units occupied and one vacant unit with plenty of rental upside. Once fully occupied, this property will provide $20,810 per month in rent and an unheard of 5.8% CAP RATE. The front two duplexes consist of 4 four bedroom townhome style apartments that each have spacious floor plans, balconies, and stainless steel appliances. The rear most building is a stand alone four bedroom SFD that provides increased privacy. All five units come with on site tandem parking! This building is a great opportunity to step into immediate consistent income and simple, low effort management!

Location

State CA

County Los Angeles

Area Mid Los Angeles

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Refrigerator, Washer, Dryer, Dishwasher, Freezer, Hood Fan, Range/Oven, Vented Exhaust Fan, Microwave, Garbage Disposal

Exterior

Parking Features Carport Attached

Garage Spaces 10.0

Building

Story 3

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by On Track Property