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1249 S Westgate Ave
Los Angeles, CA 90025

$2,950,000 USD

Apartments For Sale • 7,884 SF

Property Details

Property Type Apartments
Total Building Size 5,685 SF
Lot Size 0.16 AC
Building Class C
Year Built 1953
Cap Rate 5.41 %
Zoning LAR3

64 Transit Score

86 Walk Score

                
                    Highlights
                
                                7/8 Units are currently vacant! Will operate at a 7.88% CAP and a 9.09 GRM once vacancies are filled and ADUs are built
                            
                                Unit mix of (1) 2Bed+1Bath , (6) 1Bed+1Bath, and (1) Studio+1Bath units- Additionally there is an opportunity to build (2) ADUs for added income
                            
                                Copper plumbing throughout the building
                            
                                Retrofit work has been completed
                            
                                Buyer can renovate the units immediately
                            
                                9 Parking spaces on site

Property Flyers

1249 S Westgate Ave - OM v2_compressed (1)

Financial Summary (Actual)

Net Operating Income: $159,459 USD (2023)

Cap Rate:	5.41 %
Total Expenses:	$74,691 USD

Public Transportation

Airport	Drive	Walk	Distance
Los Angeles International	17 min	-	10.7 mi
Bob Hope	28 min	-	18.2 mi
Long Beach (Daugherty Field)	36 min	-	28.1 mi

Cameron Samimi 310-259-7556 Lyon Stahl Investment Real Estate

1249 S Westgate Ave Los Angeles, CA 90025