1256 S Westgate Avenue,Los Angeles, CA 90025
Los Angeles, CA 90025
Description
We are pleased to present 1256 S. Westgate Ave in a prime West Los Angeles submarket just a block south of Wilshire Blvd and adjacent to Brentwood, another premier rental pocket of LA's westside. The subject property is a 10 unit apartment building built in 1960. The building boasts an excellent unit mix including (7) 1 bed / 1 bath and (3) 2 bed / 1 bath units spread out over 7,391 square feet and sits on a 7,202 square foot LAR3 zoned lot. 1256 Westgate is a unique value-add opportunity in one of the best rental pockets of Los Angeles. With approximately 45% upside in rents a future investor will benefit from a well located asset and long term growth potential. LA's Westside has continued to prove to be one of the, if not the best, rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates renters continue to seek out opportunities in the immediate area surrounding the subject property. With Santa Monica directly to the west, Brentwood directly to the north and Westwood just a short distance to the east, the property is strategically positioned. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. The location and rental upside make this an opportunity to own a generational asset in one of LA's best neighborhoods.
Details
| MLS # | 26649275 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 216 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Peter James |
Features
| Bed(s) | 13 |
|---|---|
| Bath(s) | 11 |
| SQ Feet | 7,391 |
| Story(s) | 2 |
| Units | 10 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.17 |
| Property View | Yes |
Interior
| Cooling | None |
|---|---|
| Cooling Yes / No | No |
| Appliances | Refrigerator, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Rectangular Lot |
Parking
| Parking Features | Covered, One Space, Side By Side |
|---|---|
| Garage Yes / No | No |
Utilities
| Sewer | Other |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90025 |
| Area | WLA West Los Angeles |
| Listing VS Median (in 90025) | |
Price: $2,695,000 low | high Med: $639,000 sqft: 7,391 low | high Med: 912 $ / sqft: $365 low | high Med: $701 On site: 216 low | high Med: 217 | |
Market Activity 90025
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90025 |
| Area | WLA West Los Angeles |
| Listing VS Median (in 90025) | |
Price: $2,695,000 low | high Med: $639,000 sqft: 7,391 low | high Med: 912 $ / sqft: $365 low | high Med: $701 On site: 216 low | high Med: 217 | |
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