717 S Westlake Ave - Apartments FOR SALE
Los Angeles, CA 90057 |
717 S Westlake Ave
Los Angeles, CA 90057
HIGHLIGHTS
- 717 S Westlake Avenue is a 40-unit investment opportunity in Westlake with attractive income and value-add potential.
- 717 S Westlake Avenue comprises Seven (7) One-Bedroom / One- Bathroom units and Thirty-Three (33) Studio apartments.
- The asset has been priced to sell with solid income metrics – 6.4% cap and 11 GRM, along with $123,750/door.
- 717 S Westlake Avenue is separately metered for gas and master metered for electricity.
- Potentiality exists to create new revenue streams with the implementation of a RUBs system, and common area laundry.
- The property has a WALKSCORE of 95 and is considered a “Walker’s Paradise.”
FOR SALE DETAILS
PRICE
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# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
40 Units | $123,759 Per Door | 6.4% Cap
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
18510
STORIES
4
YEAR BUILT
1924
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
5141-019-011
