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    932 S Westmoreland Ave

    Los Angeles, CA 90006
    • $7,300,000
    • STATUS: Active
    • ON SITE: 53 days
    • MLS #: 20-672666
    UPDATED: 43 min ago
    $7,300,000
    • 18
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,445
      SQFT
    • $357
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    $200,000 PRICE REDUCTION! 932 S Westmoreland Ave is a 32-unit, 3-story, value-add apartment building located in the highly desirable Mid-Wilshire submarket of Los Angeles. Constructed in 1964, the building has a unit mix of 12 bachelor, 5 single, 12 (1+1), and3 (2+1) units averaging approx. 550 sqft, and 15 of the units (47%) have been upgraded over the years. The 20,445 sqft structure sits on a 10,700 sqft, LAR4-1 zoned lot. The roof was replaced in 2020, a new elevator was installed in 2019, new windows (building-wide) in 2018, and the parking garage features a new gate motor. The main entry, lobby, hallways, and common area lounge feature updated lighting. The rear yard common area includes a patio and elevated deck furnished with tables and chairs. The security system consists of 16 cameras and 4 Ring cameras placed throughout the property. Secured garage parking holds 27 spaces. The building is separately metered for electric, master metered for gas + contains a new master boiler.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T18:42:20.533. 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/113029818
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    932 S Westmoreland Ave Los Angeles, CA 90006

    • Price: $7,300,000
    • Status: Active
    • Updated: 43 min ago
    • MLS #: 20-672666
    18
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    20,445
    SQFT
    $357
    $/SQFT
    1964
    Built
    Neighborhood:
    Mid-Wilshire
    County:
    Los Angeles
    Area:
    Mid-Wilshire
    Property Description
    $200,000 PRICE REDUCTION! 932 S Westmoreland Ave is a 32-unit, 3-story, value-add apartment building located in the highly desirable Mid-Wilshire submarket of Los Angeles. Constructed in 1964, the building has a unit mix of 12 bachelor, 5 single, 12 (1+1), and3 (2+1) units averaging approx. 550 sqft, and 15 of the units (47%) have been upgraded over the years. The 20,445 sqft structure sits on a 10,700 sqft, LAR4-1 zoned lot. The roof was replaced in 2020, a new elevator was installed in 2019, new windows (building-wide) in 2018, and the parking garage features a new gate motor. The main entry, lobby, hallways, and common area lounge feature updated lighting. The rear yard common area includes a patio and elevated deck furnished with tables and chairs. The security system consists of 16 cameras and 4 Ring cameras placed throughout the property. Secured garage parking holds 27 spaces. The building is separately metered for electric, master metered for gas + contains a new master boiler.
    Exterior Features

    Direction Faces West Entry Location Ground Level W/Steps Exterior Construction StuccoWood Siding Lot Size Area 10700 Other Structures None Parking Garage GatedGarageAssigned Patio Features CoveredDeck(S)Balcony Pool Description None Pool YN No Roof Flat Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 27 Water Frontage None

    Interior Features

    Baths Total 32.00 Cooling Wall/Window Equipment Range/OvenElevator Fireplace Rooms None Flooring Hardwood Heating Wall Laundry Laundry Area Laundry Equipment Own Water Heater Features Central Water Heater

    Property Features

    Gross Income 539421 Gross Operating Income 523840 Like Units1 12 Like Units2 5 Like Units3 12 Like Units4 3 Net Operating Income 324292.00 Number Of Buildings 1 Number Of Units 32 Owner Pays Gas Rent Control YN Yes Sale Type Standard Security Features Gated Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays Electricity Total Annual Expense 198508 Type Of Units 0+1;1+1;2+1 Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar4-1

    Listing provided courtesy of Matthew R. Kanner DRE#01349203 of Keller Williams Realty Los Feliz.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T18:42:20.533. 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.
     
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