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Los Angeles, CA 90004 155 S Westmoreland Avenue

$1,950,000

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Presented By: Malcolm Zeger with Buckingham Investments, Inc; 626-483-7983
  • MLS# SB24060714
  • 03/27/2024
  • Request Tour
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  • BedBeds • 8
  • BathBaths • 4
  • FootageSQFT • 3,744

Home Details

Price reduced + one unit to be delivered vacant! Pride of ownership, turnkey, generational asset in a prime location of Rampart Village! Excellent owner occupant opportunity. There are two structures on the lot with a sliding entry gate, privacy hedges, and space for parking 8 cars. This meticulously maintained property with recently updated landscaping, electrical system, plumbing, sewer line, and roof repairs. Desirable unit mix of side-by-side 2 beds/1 bath units. 3 units have been remodeled and rented at market rents, the 4th to be delivered vacant. Located on a quiet, dead-end tree lined street in an excellent pocket of Los Angeles. Tons of period character throughout the property. Dense rental market with low vacancy and only 2 minutes from the freeway and 5 minutes to downtown LA. Great opportunity to buy a stabilized, generational asset in the heart of Los Angeles! Please drive by only, do not disturb tenants.
Presented By: Malcolm Zeger with Buckingham Investments, Inc; 626-483-7983

Interior Features for 155 S Westmoreland Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 155 S Westmoreland Avenue

AccessibilityParking
Additional Parcels Y/NNo
AppliancesDryer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.8
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
ContingencyBroker does not guarantee accuracy of the information provided by seller or public records. Buyers are encouraged to conduct thorough due diligence independently.
CountyLos Angeles
Days on Market42
DirectionsOn West side of Westmoreland at the end of the dead-end street.
Electric Expense519.0
Entry LocationLevel 1
Fuel Expense519.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense4680.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional
Lot Size Square Feet6499.0
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income74541.0
New ConstructionNo
Open Parking Spaces8.0
Operating Expense45228.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameWestmoreland
Tax Lot18
Total Units4
Trash Expense519.0
UtilitiesElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense519.0
Waterfront Y/NNo
Year Built1937
Year Built SourceAssessor
ZoningLAR3

Exterior for 155 S Westmoreland Avenue

Building Area Total3744.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.1492
Lot Size Area6499.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesSharedDriveway, SideBySide, Uncovered
SpaNo
Total Parking8.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,950,000
MLS#SB24060714
List Date 03/27/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors