Los Angeles, CA 90057 730 S Westlake Avenue
$4,088,888
4 more
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
SQFT • 11,489
Garage • 27
Home Details
1988 Construction and EXEMPT from LA RSO rent control.
Delivered at a 5.38% cap rate and 11.88 GRM and only
$227k/unit which is incredible for a 1980s asset.
730 S Westlake Ave, Los Angeles is the ideal opportunity
for any buyer looking for a low-maintenance, positive
leverage asset with high in place cash flow. Priced at only
$227k/unit!
The subject property is comprised of (14) 1-Bed/1-Bath
and (4) Studio/1-Bath units. The building features copper
plumbing, 27 private parking spaces and a laundry room
on site.
730 S Westlake Ave is conveniently located just minutes
from Downtown Los Angeles, with easy access to the 10
and 110 freeways. There are many shops and restaurants
nearby, making it a prime location for renters.
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
Interior Features for 730 S Westlake Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 730 S Westlake Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.38
Carport Y/NNo
CityLos Angeles
Community FeaturesUrban
CountyLos Angeles
Days on Market18
DirectionsOff of Alvarado and Wilshire Blvd
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Expected Active Date 2024-09-05
Fuel Expense0.0
Garage Spaces27.0
Garage Y/NYes
Gross Income344052.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7492.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income219928.0
New ConstructionNo
NumberOfUnitsTotal18
Operating Expense113802.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tax Lot7
TermsCash, CashToNewLoan, Conventional, Exchange1031
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1988
Year Built SourceAssessor
ZoningLAR4
Exterior for 730 S Westlake Avenue
Building Area Total11489.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.172
Lot Size Area7492.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters18
Number of Separate Gas Meters18
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking27.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480