$3595000 Price Analysis   ♡   Los Angeles, CA 90004 4 bed 20 bath 10640 SqFt ($337/SqFt) 7929SqFt lot. Built 1925 Listed 2024-07-02, Taxes $27909 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
132 S Westmoreland Ave is a 20-unit multifamily investment opportunity in the Koretown neighborhood of Los Angeles located south of 1st St between Virgil Ave and Vermont Ave.
The property features a unit mix of 15 singles and 5 one-bedrooms; four singles will be delivered vacant; renovated units include new cabinetry, vinyl-plank flooring, stainless-steel appliances, tile bathrooms and new paint's; ownership has spent $544k on interior unit renovations since 2021. At the asking price, the property is being offered at a 5.19% CAP rate and 10.52 GRM on current income with an additional 21% rental upside achievable as units turn through continued interior renovations.
There is significant additional income with RUBS in place, as well as internet service. The property has a secured, gated entrance with intercom access; el ectricity is also separately metered. High Walk Score of 90, the property is close to the Metro B and D Rail Lines and multiple Metro Local Lines along Beverly Blvd, Vermont Ave and 3rd St. The property is ideally located with a short commute to Westlake, Hollywood, Echo Park and Downtown Los Angeles
Presented by Neema Ahadian at
Marcus & Millichap.
Property MLS #24-409071 from TheMLSCLAW
Full Bathrooms: 20
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 7929
Calculated Total Monthly Association Fees: 0
Number of Units: 20
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 23250, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 9250
County: Los Angeles
Directions: Located in the Koreatown neighborhood ofLos Angeles located just south of 1st St between Virgil Ave and Vermont Ave
Source Property Type: Residential Income
Area: Mid-Wilshire
Source Neighborhood: Mid-Wilshire
Parcel Number: 5501-016-008
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $1312373 + $929597 $2241970 | $27909 |
| 2020 | $1298917 + $920066 $2218983 | $28182 |
| 2019 | $1273449 + $902026 $2175475 | $27098 |
| 2018 | $1248480 + $884340 $2132820 | $26952 |
| 2017 | $1224000 + $867000 $2091000 | $26344 |
| 2016 | $808083 + $808083 $1616166 | $20500 |
| 2015 | $795945 + $795945 $1591890 | $20254 |
| 2014 | $780354 + $780354 $1560708 | $20446 |
| 2013 | $776828 + $776828 $1553656 | $20441 |
| 2012 | $761597 + $761597 $1523194 | $20711 |
| 2010 | $746664 + $746664 $1493328 | $20313 |
| 2009 | $742845 + $742845 $1485690 | $19637 |
| 2009 | $741084 + $741084 $1482168 | $19637 |
| 2008 | $728280 + $728280 $1456560 | $18836 |
| 2007 | $714000 + $714000 $1428000 | $18208 |
$3595000
TheMLSCLAW
Listing removed 2016-10-26
$1050
VFlyer
Listed for rent 2016-09-22
$1050
VFlyer
Sold 2016-04-28
$2050000
Public Record
Sold 2006-01-10
$1400000
Public Record
Year Built: 1925
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 99
Year Built Source: Vendor Enhanced
Map directions Map directions Map directions Map directions
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.