Los Angeles, CA 90004 155 S Westmoreland Avenue
$1,895,000
39 more
Presented By: Malcolm Zeger with Buckingham Investments, Inc; 626-483-7983
Home Details
Fully stabilized 4-unit!! Seller financing available with 50% down, 5.5% interest rate. Pride of ownership, turnkey, generational asset in a prime location of Rampart Village. There are two structures on the lot with a sliding entry gate, privacy hedges, and space for parking 8 cars. This meticulously maintained property with recently updated landscaping, electrical system, plumbing, sewer line, and roof repairs. Desirable unit mix of side-by-side 2 beds/1 bath units. All units to be delivered recently remodeled and at market rents. Located on a quiet, dead-end tree lined street in an excellent pocket of Los Angeles. Tons of period character throughout the property. Dense rental market with low vacancy and only 2 minutes from the freeway and 5 minutes to downtown LA. Great opportunity to buy a stabilized, generational asset in the heart of Los Angeles! Please drive by only, do not disturb tenants.
Presented By: Malcolm Zeger with Buckingham Investments, Inc; 626-483-7983
Interior Features for 155 S Westmoreland Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Total Stories2
Other Rooms
Entry Level1
General for 155 S Westmoreland Avenue
AccessibilityParking
Additional Parcels Y/NNo
AppliancesDryer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.8
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
ContingencyBroker does not guarantee accuracy of the information provided by seller or public records. Buyers are encouraged to conduct thorough due diligence independently.
CountyLos Angeles
Days on Market162
DirectionsOn West side of Westmoreland at the end of the dead-end street.
Electric Expense519.0
Entry LocationLevel 1
Fuel Expense519.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense4680.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet6499.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income74541.0
New ConstructionNo
NumberOfUnitsTotal4
Open Parking Spaces8.0
Operating Expense45228.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot18
TermsCash, CashtoNewLoan, Conventional
Trash Expense519.0
UtilitiesElectricityConnected, NaturalGasConnected, PhoneConnected, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense519.0
Waterfront Y/NNo
Year Built1937
Year Built SourceAssessor
ZoningLAR3
Exterior for 155 S Westmoreland Avenue
Building Area Total3744.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem25UnitsAcre
Lot Size Acres0.1492
Lot Size Area6499.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters4
Open Parking Y/NNo
Parking FeaturesSharedDriveway, SideBySide, Uncovered
SpaNo
Total Parking8.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480