Skip To Content

1437 S Westmoreland Ave

Los Angeles, CA 90006
  • $3,995,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 22-154881
UPDATED: 48 min ago
$3,995,000
  • 20
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,163
    SQFT
  • $489
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Description

We are pleased to present 1433 S Westmoreland Avenue, a newly built 5-unit townhouse complex in Pico Union. This high demand rental will provide proud investors with a 5.24% Cap Rate, with easy maintenance and little management needed. 1433 S Westmoreland features (2) 4 Bed/3.5 Bath, (2) 4 Bed/ 2.5 Bath, and (1) 4 Bed/ 4 Bath units with high ceilings, attached balconies, in-unit washer & dryer, stainless steel appliances, and attached tandem parking. In addition to the impressive return, investors will notice increased gentrification occurring at a quick pace in Pico Union as upscale multifamily developments are increasingly popping up, heightening the desirability of the neighborhood. The developer has kept in mind the needs and desires of today's renters and executed accordingly within these five units. Investors will also enjoy extreme desirability in the already present active community and steadily increasing rents for years to come. Please call LA1 for showings. ***The property is fully Vacant.

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T07:42:43.797. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/128543153
Print Image

1437 S Westmoreland Ave Los Angeles, CA 90006

  • Price: $3,995,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 48 min ago
  • MLS #: 22-154881
20
Beds
0
Baths
0
½ Baths
0.17
Acres
8,163
SQFT
$489
$/SQFT
2022
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
We are pleased to present 1433 S Westmoreland Avenue, a newly built 5-unit townhouse complex in Pico Union. This high demand rental will provide proud investors with a 5.24% Cap Rate, with easy maintenance and little management needed. 1433 S Westmoreland features (2) 4 Bed/3.5 Bath, (2) 4 Bed/ 2.5 Bath, and (1) 4 Bed/ 4 Bath units with high ceilings, attached balconies, in-unit washer & dryer, stainless steel appliances, and attached tandem parking. In addition to the impressive return, investors will notice increased gentrification occurring at a quick pace in Pico Union as upscale multifamily developments are increasingly popping up, heightening the desirability of the neighborhood. The developer has kept in mind the needs and desires of today's renters and executed accordingly within these five units. Investors will also enjoy extreme desirability in the already present active community and steadily increasing rents for years to come. Please call LA1 for showings. ***The property is fully Vacant.
Exterior Features

Carport Spaces Total 10 Direction Faces East Levels Multi/Split Lot Size Area 7472 Other Structures None Parking Garage Above Street LevelCarport Style Modern Total Parking 10 View Description City View YN Yes

Interior Features

Baths Total 16.00 Common Walls Attached Cooking Appliances Cooktop - GasOven-Gas Cooling Central Equipment DishwasherDryerWasherRefrigeratorGarbage DisposalFreezerMicrowaveRange/Oven Heating Central Laundry In Unit Laundry Equipment Own Water Heater Features Tankless Windows Double Pane Windows

Property Features

Alley YN Yes Assessed Total Value 833546 Gross Income 275940 Gross Operating Income 267662 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Net Operating Income 207399.00 Number Of Buildings 3 Number Of Units 5 Owner Pays Gardener Property Condition New Construction Sale Type Standard Security Features GatedCarbon Monoxide Detector(S) Sewer In Street Source Living Area Plans Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Tenant Pays GasTrash CollectionWaterElectricity Total Annual Expense 60263 Type Of Units Apartments Water Public Water Heaters YN Yes Year Built Source Builder Zoning Lard1.5

Listing provided courtesy of Yohann Bensimon DRE#01966630 of Keller Williams Hollywood Hills.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T07:42:43.797. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-154881-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-154881-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_22-154881-2.jpg
Logo
The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210