$1,900,000
Est. payment /mo
7,392 Sqft Lot
Price Dropped by $200K
920 S Westmoreland AVE Los Angeles, CA 90006
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID IN26031056
HOA Y/N No
Year Built 1957
Lot Size 7,392 Sqft
Property Sub-Type Multi Family
Property Description
15 Bedroom/14 Bath Multi-Family apartment unit opportunity in the Westlake / Koreatown Area
This centrally positioned multi-family property offers a compelling opportunity for investors seeking long-term upside in one of Los Angeles' most established rental corridors. The building features 14 total units, comprised of 13 one-bedroom units and 1 two-bedroom unit. The unit mix is well suited to the surrounding rental market and offers meaningful opportunity for future repositioning. Existing rents and expenses are consistent with the property's condition, presenting a clear path for increased performance through a thoughtful improvement strategy. Conveniently located near Koreatown, Downtown Los Angeles, Wilshire Blvd, and MacArthur Park, the property benefits from strong tenant demand, excellent walkability, and easy access to public transportation, employment centers, and neighborhood amenities. A solid acquisition for investors looking to add value in a core Los Angeles location. A MUST SEE!!!
This centrally positioned multi-family property offers a compelling opportunity for investors seeking long-term upside in one of Los Angeles' most established rental corridors. The building features 14 total units, comprised of 13 one-bedroom units and 1 two-bedroom unit. The unit mix is well suited to the surrounding rental market and offers meaningful opportunity for future repositioning. Existing rents and expenses are consistent with the property's condition, presenting a clear path for increased performance through a thoughtful improvement strategy. Conveniently located near Koreatown, Downtown Los Angeles, Wilshire Blvd, and MacArthur Park, the property benefits from strong tenant demand, excellent walkability, and easy access to public transportation, employment centers, and neighborhood amenities. A solid acquisition for investors looking to add value in a core Los Angeles location. A MUST SEE!!!
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Fireplace No
Laundry None
Exterior
Fence Fair Condition, Wrought Iron
Utilities Available Cable Connected, Electricity Connected, Water Connected
Present Use Multi-Family
Building
Lot Description 11-15 Units/Acre, Corner Lot
Story 2
Water Public
Others
Tax ID 5077028027
Security Features Carbon Monoxide Detector(s),Resident Manager,Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA, Submit
Listing Terms Cash, Conventional, FHA, Submit
Special Listing Condition Standard
Listed by George Wright Gipson West Shores Realty 310-717-3663, DRE #01705843
Nearby Locations
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