Description
UNDER 12x GRM and 5.41 CAP Rate in Prime West LA North of Santa Monic Blvd. SIGNIFICANT PRICE REDUCTION! We are pleased to offer for sale a timeless mid-century gem located in prime West Los Angeles. 1453 S Westgate Avenue, perfectly positioned along a tree-lined street, presents the unique opportunity to acquire a quintessential turnkey property situated in one of the strongest rental locations in Los Angeles. The property boasts an ideal unit mix for the area consisting of all large 1-bedroom units, with some units featuring outdoor patios or a separate office space. Each of the units has a terrific floor plan and offers an abundance of natural light. Many units have been designer remodeled and luxury upgraded with top of the line appliances, hardwood flooring, and updated kitchens and bathrooms. Other property features include well landscaped grounds, a pitched roof, copper plumbing, an on-site laundry facility, and ample on-site parking. All soft story seismic retrofit has been completed by ownership (Buyer to verify). Close to some of Los Angeles’ best dining, retail, and nightlife, this rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles.
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Neighborhood & Market Insights
This property is 143.9% above the current neighborhood median.
The schools block is active and ready for district, ratings, and assigned-school provider data.
-26.3% modeled change across available points
- Principal and Interest
- Property Tax
- HOA fee
