Phone888.995.7575

1176 North Westmoreland Avenue, Los Angeles, CA 90029

$2,400,000 Approx. USD 14 beds, 8 baths
6,530 sqft

Agent Remarks

Cap rate calculated on new higher tax base at $2.4MM! This is a quality building with very little deferred maintenance. With little effort, this could be a very attractive property! Effectively built in 2008 (see permit and Certificate of Occupancy from City), all the systems are very nice! Each unit has central A/C. Hardwood. The building has huge upside rental income potential in 2 of the 4 units!! Off street parking for all units! Street to alley property. Easy to maintain building with 100% easygoing upwardly mobile tenants. This part of the Silverlake / East Hollywood border is in high rental demand!! Walking distance to Sunset Junction as well as the redline subway. Walk to the Vista Theater, The Kitchen, 4100 Bar, Vons, Starbucks etc. There is greater upside rent potential in this building although even now, it generates great income. Specimen fruit trees, grape vines and underused front gardening areas.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 16-171848
List price is $2,400,000
Beds: 14
Baths: 8
Built in 2008
6,530 sqft
2 Story stories
County: Los Angeles
Zoning: LARD1.5
Parking type: Carport
Appliances: Garbage Disposal,Refrigerator
Parking description: Driveway,Gated
Heating description: Central Furnace
MLS area: Silver Lake - Echo Park (C21)

Last Updated: 11/1/2016

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This listing belongs to the Silver Lake - Echo Park (C21) MLS area

The listing is zoned LARD1.5.
View more listings zoned LARD1.5

Broker: Courtesy of Barbano Realty
Listing Agent: Frank Paul Barbano

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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