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1437 S Westmoreland Avenue

Los Angeles (City), CA 90006
  • $3,995,000
  • STATUS: Active
  • ON SITE: 12 Days
  • ID#: 22154881
UPDATED: 54 min ago
$3,995,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2022
County:

School Ratings & Info

Listing Agent(s): Yohann Bensimon of Keller Williams Hollywood Hills (310-623-1300)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. 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/128545295
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1437 S Westmoreland Avenue Los Angeles (City), CA 90006

  • Price: $3,995,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 54 min ago
  • ID#: 22154881
0
Beds
0
Baths
0
½ Baths
0.17
Acres
2022
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - 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

Architectural Style Modern Carport Spaces 10 Carport YN Yes Direction Faces East Number Of Separate Electric Meters 5 Parking Features CarportDriveway Down Slope From Street Parking Total 10 View City Lights View YN Yes

Interior Features

Appliances DishwasherGas CooktopDisposalGas OvenMicrowaveRefrigeratorDryerWasher Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Fee 0 Community Features Gated Gross Income 275940 Levels Multi/Split Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 207399 New Construction YN Yes Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Possession Close Of Escrow Security Features Carbon Monoxide Detector(S)Gated Community Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGasTrash CollectionWater Vacancy Allowance Rate 100 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. 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.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Yohann Bensimon of Keller Williams Hollywood Hills (310-623-1300)