Frank Barbano - Commercial Real Estate Showcase

Frank Barbano Property Listings
Barbano Realty
1211 N Westmoreland Ave
Los Angeles, CA 90029
(323) 394-2447

1176 N Westmoreland Avenue - Westmoreland Gardens

Los Angeles, CA 90029-1909 - East Hollywood MF Submarket

Property Type:Multi-Family Number of Units:4 Status:Existing Year Built:2009
Stories:2 Building Size:6,530 SF Land Area:.17 AC (7,205 SF)
For Sale Price:$2,400,000 Price/Unit:$600,000.00 Cap Rate:5.25 % GRM:14.60


Sale Notes:
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.

East Hollywood sub-market of Los Angeles. On the Silverlake border South of Los Feliz.

Barbano Realty
Frank Barbano
(323) 394-2447

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