325 S Westlake Ave - Apartments FOR SALE


Los Angeles, CA 90057- Westlake North
$2,450,000 USD
213-275-9321
325 S Westlake Ave, Los Angeles, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/13
null | 4.86% Cap Rate

325 S Westlake Ave
Los Angeles, CA 90057
Westlake North


HIGHLIGHTS

  • Close proximity to Metro Station, Downtown, and Koreatown
  • High Price Per Square Feet
  • Plentiful gated tenant parking

OVERVIEW

325 S. Westlake is a 10-unit residential income property, positioned along the Westlake-Koreatown corridor in the 90057 zip code- one of L.A's highest density rental submarkets, just two miles from Downtown LA, and minutes from McArthur Park Metro Station. This property generates $190,286 in gross annual income with rents meaningfully below current market comps, presenting a clear value-add opportunity with identifiable upside. In place rents average $1,577/month vs. market comps of $1,650 - $1,900 (1BR) and $2,040 - $2,480 (2BR) in 90057. Perfect unit mix of seven (7) 1BR + BA and three (3) 2BR+2BA. Each unit gets its own tandem carport parking space in a gated space. Take advantage of this low price per square foot opportunity. Drive by only. Showings only with accepted offer.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

10

PRICE/UNIT

$245,000

CAP RATE

4.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,749 SF

ZONING

R5-2, Los Angeles

APN/PARCEL ID

5154-028-018

ASK ABOUT THIS PROPERTY

Jenny ParkCirca PropertiesMore Info
213-275-9321

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Jenny ParkCirca PropertiesMore Info
213-275-9321

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