1256 S Westgate Avenue, Los Angeles, CA 90025
-
Listed Price :
$3,200,000
-
Beds :
13
-
Baths :
11
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Property Size :
7,391 sqft
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Year Built :
1960
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.
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
13 |
| Bathroom Information |
| Bathrooms |
11 |
| Interior Information |
| Cooling Type |
None |
Listing Information
| Address |
1256 S Westgate Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90025 |
| County |
Los Angeles |
| Listing Agent |
Peter James DRE #01748556 |
| Co-Listing Agent |
William James DRE #01734419 |
| Courtesy Of |
Lyon Stahl Investment Real Estate, Inc. |
| List Price |
$3,200,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
7,391 |
| Lot Size |
7,204 |
| Year Built |
1960 |
Listing information courtesy of: Peter James, William James, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
