1453 S Westgate Ave - Apartments FOR SALE


Los Angeles, CA 90025- West Los Angeles
$2,735,000 USD
310-968-5303
1453 S Westgate Ave, Los Angeles, CA for Sale
$2,735,000 USD
Apartments - FOR SALE
1/64
null | 5.17% Cap Rate

1453 S Westgate Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Premier Westside location
  • Designer remodeled interiors
  • Excellent unit mix (all 1-bedroom units)
  • Significant rental upside
  • Soft story seismic retrofit completed by Seller (Buyer to verify)
  • In close proximity to high-end dining. retail, entertainment venues, UCLA, and the beach

OVERVIEW

SIGNIFICANT PRICE REDUCTION! Jonathan Taksa of the Taksa Investment Group, part of RE/MAX Commercial & Investment Realty, is pleased to offer for sale a timeless mid-century gem located in prime West Los Angeles. 1453 S Westgate Avenue, perfectly positioned along a tree-lined street, presents the unique opportunity to acquire a quintessential turnkey property situated in one of the strongest rental locations in Los Angeles. The property boasts an ideal unit mix for the area consisting of all large 1-bedroom units, with some units featuring outdoor patios or a separate office space. Each of the units has a terrific floor plan and offers an abundance of natural light. Many units have been designer remodeled and luxury upgraded with top of the line appliances, hardwood flooring, and updated kitchens and bathrooms. Other property features include well landscaped grounds, a pitched roof, copper plumbing, an on-site laundry facility, and ample on-site parking. All soft story seismic retrofit has been completed by ownership (Buyer to verify). Close to some of Los Angeles’ best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.

FOR SALE DETAILS

PRICE

$2,735,000 USD

PRICE/SF

$310 USD /SF

# OF UNITS

9

PRICE/UNIT

$303,889

CAP RATE

5.17%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 Units in Prime West LA: 12.46 GRM 5.03 CAP

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,996 SF

ZONING

LAR3

APN/PARCEL ID

4263-032-022

ASK ABOUT THIS PROPERTY

Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

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Jonathan TaksaRE/MAX Commercial & Investment RealtyMore Info
310-968-5303

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.