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$1,795,000
Est. payment /mo
10 Beds
9 Baths
5,404 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,404 sqft
Price per Sqft $332
MLS Listing ID 26873261
Bedrooms 10
HOA Y/N No
Year Built 1953
Lot Size 9,665 Sqft
Property Description
Well-maintained 9-unit apartment community located in the desirable Westlake North neighborhood of Los Angeles. Ownership has invested over $700,000 in capital improvements, creating a turnkey asset featuring remodeled units with in-unit washer/dryers, recessed lighting, upgraded windows, modern appliances, updated electrical systems, copper plumbing, and a newer roof. The property also offers secured code-gated access, six on-site parking spaces, and spacious private sundeck patios for select two-bedroom units.The property delivers strong in-place cash flow at a 6.8% CAP rate while offering more than 26% rental upside. A large community backyard presents potential for future ADU development, providing additional value-add opportunities. Ideally situated just south of West 3rd Street, residents enjoy walkable access to popular retail, dining, and ongoing neighborhood revitalization, with convenient access to Echo Park, Silver Lake, and Downtown Los Angeles.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Heating None
Cooling None
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features Garage
Total Parking Spaces 6
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5153006010
Special Listing Condition Standard
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Listed by Sean Namigohar Lyon Stahl Investment Real Estate, Inc. #01949705
NEARBY SCHOOLS & PROPERTIES
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Marissa Perez
Broker | License ID: 01814964