415 Loma Dr - Apartments FOR SALE


Los Angeles, CA 90017- Westlake North
$1,795,000 USD
310-279-7779
415 Loma Dr, Los Angeles, CA for Sale
$1,795,000 USD
Apartments - FOR SALE
1/10
null | 6.8% Cap Rate

415 Loma Dr
Los Angeles, CA 90017
Westlake North


HIGHLIGHTS

  • 415 Loma Drive is a 9-Unit Apartment Community Situated in the Westlake North Neighborhood
  • The Property has been Extensively Renovated Throughout, with Over $700,000 of Capital Improvements Completed By the Ownership
  • Secured Code-Gated Access Along with Six (6) Parking Spots On-site
  • Large Community Backyard Space Offers ADU Development Opportunity
  • Strong In-Place Cash Flow at a 6.8% CAP Rate with More Than 26% Upside in Rents
  • Turnkey 2-Bedroom Units Feature a Private and Spacious Sundeck Patio

OVERVIEW

Well-maintained 9-unit apartment community located in the desirable Westlake North neighborhood of Los Angeles. Ownership has invested over $700,000 in capital improvements, creating a turnkey asset featuring remodeled units with in-unit washer/dryers, recessed lighting, upgraded windows, modern appliances, updated electrical systems, copper plumbing, and a newer roof. The property also offers secured code-gated access, six on-site parking spaces, and spacious private sundeck patios for select two-bedroom units. The property delivers strong in-place cash flow at a 6.8% CAP rate while offering more than 26% rental upside. A large community backyard presents potential for future ADU development, providing additional value-add opportunities. Ideally situated just south of West 3rd Street, residents enjoy walkable access to popular retail, dining, and ongoing neighborhood revitalization, with convenient access to Echo Park, Silver Lake, and Downtown Los Angeles.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$322 USD /SF

# OF UNITS

9

PRICE/UNIT

$199,444

CAP RATE

6.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,666 SF

ZONING

LAR4

APN/PARCEL ID

5153-006-010

ASK ABOUT THIS PROPERTY

Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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Sean NamiLyon Stahl Investment Real EstateMore Info
310-279-7779

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