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 45% 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.
180 days
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169
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5
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Zillow last checked:
Listing updated:
Listed by:
Peter JamesDRE # 01748556310-467-7581,
Lyon Stahl Investment Real Estate, Inc.310-425-9838,
William JamesDRE # 01734419310-600-9858,
Lyon Stahl Investment Real Estate, Inc.
Source: CLAW,MLS#: 26649275
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 13
Bathrooms: 11
Heating
Wall Gas
Cooling
None
Appliances
Included: Washer, Dryer, Range/Oven, Refrigerator, Central Water Heater, Gas Water Heater
Laundry: Common Area
Features
Has fireplace: No
Fireplace features: None
Interior area
Total structure area: 7,391
Total interior livable area: 7,391 sqft
Property
Parking
Total spaces: 10
Parking features: Covered, Side By Side, Parking Space
Features
Levels: Two
Stories: 2
Exterior features: Balcony
Pool features: None
Spa features: None
Has view: Yes
View description: City
Waterfront features: None
Lot
Size: 7,204 Square Feet
Features: Single Lot, Lot-Level/Flat, Rectangular Lot, Street Lighting, City Lot
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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