932 S Westmoreland Ave - Apartments FOR SALE
Los Angeles, CA 90006 |
932 S Westmoreland Ave
Los Angeles, CA 90006
HIGHLIGHTS
- One of the most well-kept and thoughtfully designed Mid-Century apartment buildings in Mid-Wilshire w/ exceptionally clean common areas and exterior
- New roof (2020), new elevator motor/power box (2019), new windows building-wide (2018), new master boiler, new garage gate motor
- Updated main entry, lobby, hallways and rear-yard common lounge area w/ patio + elevated deck, common area lighting, paint, etc.
- Secured garage parking w/ 27 individual spaces; 16-camera security system + 4 Ring cameras throughout the property
- Great value-add opportunity with 30%+ rental upside potential—17/32 units (53%) have not been turned/renovated by current ownership (since Aug. 2015)
- No soft-story retrofit fit work required; No rents owed as a result of Covid
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
KSR Koreatown
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
20445
STORIES
3
YEAR BUILT
1964
PARKING SPACES
27
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
5076-003-001
