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    932 S Westmoreland Avenue

    Los Angeles (City), CA 90006
    • $7,500,000
    • STATUS: Active
    • ON SITE: 12 days
    • MLS #: 20672666
    UPDATED: 18 min ago
    $7,500,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 20,445
      SQFT
    • $367
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    932 S Westmoreland Ave is a 32-unit, 3-story, value-add apartment building located in the highly desirable Mid-Wilshire submarket of Los Angeles. Constructed in 1964, the building has a unit mix of 12 bachelor, 5 single, 12 (1+1), and3 (2+1) units averaging approx. 550 sqft, and 15 of the units (47%) have been upgraded over the years. The 20,445 sqft structure sits on a 10,700 sqft, LAR4-1 zoned lot. The roof was replaced in 2020, a new elevator was installed in 2019, new windows (building-wide) in 2018, and the parking garage features a new gate motor. The main entry, lobby, hallways, and common area lounge feature updated lighting. The rear yard common area includes a patio and elevated deck furnished with tables and chairs. The security system consists of 16 cameras and 4 Ring cameras placed throughout the property. The secured garage parking holds 27 spaces, and the building is separately metered for electric, master metered for gas, and contains a new master boiler.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-18T08:24:59.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113030417
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    932 S Westmoreland Avenue Los Angeles (City), CA 90006

    • Price: $7,500,000
    • Status: Active
    • Updated: 18 min ago
    • MLS #: 20672666
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    20,445
    SQFT
    $367
    $/SQFT
    1964
    Built
    Neighborhood:
    C17 - Mid-Wilshire
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    932 S Westmoreland Ave is a 32-unit, 3-story, value-add apartment building located in the highly desirable Mid-Wilshire submarket of Los Angeles. Constructed in 1964, the building has a unit mix of 12 bachelor, 5 single, 12 (1+1), and3 (2+1) units averaging approx. 550 sqft, and 15 of the units (47%) have been upgraded over the years. The 20,445 sqft structure sits on a 10,700 sqft, LAR4-1 zoned lot. The roof was replaced in 2020, a new elevator was installed in 2019, new windows (building-wide) in 2018, and the parking garage features a new gate motor. The main entry, lobby, hallways, and common area lounge feature updated lighting. The rear yard common area includes a patio and elevated deck furnished with tables and chairs. The security system consists of 16 cameras and 4 Ring cameras placed throughout the property. The secured garage parking holds 27 spaces, and the building is separately metered for electric, master metered for gas, and contains a new master boiler.
    Exterior Features

    Construction Materials StuccoWood Siding Direction Faces West Entry Location Ground Level W/Steps Garage Spaces 27.00 Lot Size Units Square Feet Parking Features GatedGarageAssigned Parking Total 27.00 Parking YN Yes Pool Features None Pool Private YN No Spa Features None Spa YN No

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Wood Heating Wall Furnace Heating YN Yes

    Property Features

    Country Us Gross Income 530225.00 Gross Multiplier 14.14 Gross Operating Income 514858.00 Net Operating Income 313730.00 Rent Control YN Yes Security Features Gated Community Senior Community YN No Special Listing Conditions Standard Tenant Pays Electricity Total Expenses 201128.00 Zoning Lar4-1

    Listing provided courtesy of Matthew R. Kanner of Keller Williams Realty Los Feliz


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-18T08:24:59.023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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