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1020 S Westlake Avenue

Los Angeles (City), CA 90006
  • $1,390,000
  • STATUS: Active
  • ON SITE: 44 Days
  • ID#: SB22066571
UPDATED: 63 min ago
$1,390,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1903
County:

School Ratings & Info

Listing Agent(s): Lloyd Yang of West Shores Realty, Inc. (310-541-8000)


Description

Amazing opportunity to invest in a rooming house with solid income! Cap rate above 5% with even more upside potential. Great location right off Olympic Blvd, walkable distance to restaurants, LA Live, and public transportation. This property is fully occupied and rooms are highly desired when available.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T07:31:44.907. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127553060
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1020 S Westlake Avenue Los Angeles (City), CA 90006

  • Price: $1,390,000
  • Status: Active
  • On Site: 44 Days
  • Updated: 63 min ago
  • ID#: SB22066571
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1903
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Amazing opportunity to invest in a rooming house with solid income! Cap rate above 5% with even more upside potential. Great location right off Olympic Blvd, walkable distance to restaurants, LA Live, and public transportation. This property is fully occupied and rooms are highly desired when available.
Exterior Features

Architectural Style ColonialOther Carport Spaces 2 Carport YN Yes Direction Faces West Foundation Details Raised Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Open Parking Spaces 6 Parking Features AssignedCarportGatedPrivate Parking Total 8 Pool Features None Pool Private YN No Property Attached YN No Roof Shingle

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Flooring Laminate Heating Floor Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.4 Common Interest None Community Features Sidewalks Disclosures HistoricalRent Control Electric Expense 4600 Fuel Expense 3065 Garage YN No Gross Income 108573 Gross Scheduled Income 108573 Insurance Expense 2880 Land Lease YN No Laundry Features Electric Dryer HookupGas Dryer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Net Operating Income 75353 New Construction YN No New Taxes Expense 17375 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 33220 Possession Close Of Escrow Rent Control YN Yes Security Features Fire Detection SystemSecurity GateSmoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays None Trash Expense 1000 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 4300 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T07:31:44.907. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368491213-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368491213-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368491213-1.jpg
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Lloyd Yang of West Shores Realty, Inc. (310-541-8000)