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$ 3,200,000

Est. payment -/mo

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1256 S Westgate AVE Los Angeles, CA 90025

13 Beds

11 Baths

7,391 SqFt

UPDATED:

10/15/2024 09:07 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,391 sqft

Price per Sqft $432

MLS Listing ID 24415883

Bedrooms 13

HOA Y/N No

Year Built 1960

Lot Size 7,204 Sqft

Acres 0.1654

Property 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 72% 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.

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Zoning LAR3

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Cooling None

Fireplaces Type None

Fireplace No

Appliance Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Garage Covered, One Space, Side By Side

Pool None

View Y/N Yes

View City Lights

Parking Type Covered, One Space, Side By Side

Total Parking Spaces 10

Private Pool No

Building

Lot Description Rectangular Lot

Faces West

Story 2

Entry Level Two

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4263007025

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Financing Cash

Special Listing Condition Standard

Listed by Peter James • Lyon Stahl Investment Real Estate, Inc.

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License ID: DRE #01961048

+1(760) 512-3374

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1256 S Westgate AVE Los Angeles, CA 90025

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1256 S Westgate AVE