Los Angeles, CA 90006 1400 S WESTMORELAND Avenue

1400 S Westmoreland Avenue Los Angeles, Ca - Image 11400 S Westmoreland Avenue Los Angeles, Ca - Image 21400 S Westmoreland Avenue Los Angeles, Ca - Image 3
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1400 S Westmoreland Avenue Los Angeles, Ca - Image 4
Presented By: Seong Kelly Chong with Dream Realty & Investments Inc;
  • MLS# 24369325
  • 03/15/2024
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  • BedBeds • 6
  • BathBaths • 5
  • FootageSQFT • 4,614
  • GarageGarage • 4

Home Details

Excellent Well Maintained 5-unit income property on high demand rental area. Two separate wood frame stucco buildings are located in the Mid-Wilshire area. Front Building = 4 units built in 1913 and consists of 4 very spacious One Bedroom/One Bathroom Units averaging over 900 SF each. Back Building= 1 unit ( DetachedSingle-Family-Residence), a large 2bed+1bath unit is built on the backside built-in 1995 as per ZIMAS. Tenants pay their own utility for Gas and Electric that are individually metered. On-site parking is available with four garages, the total can be 8. . Westmoreland has many upgrades which will reduce the cost of ownership including updated electrical, majority of new copper plumbing, new drain lines, and new paint. Property sold as-is condition. The desirable area rapidly growing in value with walkable post office, eats, K-Town, USC, DTLA, entertainment centers. Value-added opportunity to own your first income unit or for your next successful income-generating portfolio. Please Call L.A for more Info.
Presented By: Seong Kelly Chong with Dream Realty & Investments Inc;

Interior Features for 1400 S WESTMORELAND Avenue

Bedrooms

Total Bedrooms6

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths5

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixAvenue
Total Stories2

General for 1400 S WESTMORELAND Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.39
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
DirectionsEAST OF VERMONT / BETWEEN PICO AND VENICE
Garage Spaces4.0
Garage Y/NYes
Gross Income90432.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, Two
Lot Size Square Feet6764.0
MLS AreaC16 - Mid Los Angeles
MobileHomeRemainsYNNo
Net Operating Income64581.97
New ConstructionNo
Open Parking Spaces4.0
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameWESTMORELAND
Total Units5
View Y/NNo
Waterfront Y/NNo
Year Built1995
ZoningLARD1.5

Exterior for 1400 S WESTMORELAND Avenue

Building Area Total4614.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1553
Lot Size Area6764.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesGarage, Uncovered
SpaNo
Total Parking8.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,469,000
MLS#24369325
List Date 03/15/2024
Property Type Multi-Family
Phone 714.964.3311
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