CA > Los Angeles
Los Angeles, CA 90025,1256 S Westgate Ave
Los Angeles, CA 90025,1256 S Westgate Ave
Los Angeles, CA 90025,1256 S Westgate Ave
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$3,200,000
Est. payment /mo
13 Beds
11 Baths
7,391 SqFt
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UPDATED:

10/15/2024 08:54 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,391 sqft

Price per Sqft $432

MLS Listing ID 24-415883

Style Mid-Century

Bedrooms 13

Year Built 1960

Lot Size 7,204 Sqft

Acres 0.1654

Property Description

We are pleased to present 1256 S. Westgate Ave in a prime West Los Angeles submarket just a block south of Wilshire Blvd and adjacent to Brentwood, another premier rental pocket of LA's westside. The subject property is a 10 unit apartment building built in 1960. The building boasts an excellent unit mix including (7) 1 bed / 1 bath and (3) 2 bed / 1 bath units spread out over 7,391 square feet and sits on a 7,202 square foot LAR3 zoned lot. 1256 Westgate is a unique value-add opportunity in one of the best rental pockets of Los Angeles. With approximately 72% upside in rents a future investor will benefit from a well located asset and long term growth potential. LA's Westside has continued to prove to be one of the, if not the best, rental pockets in all of Los Angeles. With continued rent growth and low vacancy rates renters continue to seek out opportunities in the immediate area surrounding the subject property. With Santa Monica directly to the west, Brentwood directly to the north and Westwood just a short distance to the east, the property is strategically positioned. Area amenities include high end restaurants, bars and nightlife along with shopping and a robust office market making it a perennial economic hub in Southern California. The location and rental upside make this an opportunity to own a generational asset in one of LA's best neighborhoods.

Location

State CA

County Los Angeles

Area West L.A.

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall Gas

Cooling None

Fireplaces Type None

Equipment Washer, Dryer, Range/Oven, Refrigerator

Laundry Community

Exterior

Garage Covered Parking, Side By Side, Parking Space

Garage Spaces 10.0

Pool None

Waterfront Description None

View Y/N Yes

View City

Building

Lot Description Single Lot, Lot-Level/Flat, Lot Shape-Rectangular, Street Asphalt, Street Lighting, Alley Paved

Story 2

Sewer In Street

Water Public

Architectural Style Mid-Century

Level or Stories Two

Structure Type Stucco

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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