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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,795,000

Est. payment | -/mo

10 Beds

9 Baths

5,404 SqFt

Save

$ 1,795,000

Est. payment | -/mo

Save

10 Beds

9 Baths

5,404 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,404 sqft

Price per Sqft $332

MLS Listing ID 26873261

Bedrooms 10

HOA Y/N No

Year Built 1953

Lot Size 9,665 Sqft

Property Description

Well-maintained 9-unit apartment community located in the desirable Westlake North neighborhood of Los Angeles. Ownership has invested over $700,000 in capital improvements, creating a turnkey asset featuring remodeled units with in-unit washer/dryers, recessed lighting, upgraded windows, modern appliances, updated electrical systems, copper plumbing, and a newer roof. The property also offers secured code-gated access, six on-site parking spaces, and spacious private sundeck patios for select two-bedroom units.The property delivers strong in-place cash flow at a 6.8% CAP rate while offering more than 26% rental upside. A large community backyard presents potential for future ADU development, providing additional value-add opportunities. Ideally situated just south of West 3rd Street, residents enjoy walkable access to popular retail, dining, and ongoing neighborhood revitalization, with convenient access to Echo Park, Silver Lake, and Downtown Los Angeles.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR4

Interior

Heating None

Cooling None

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features Garage

Total Parking Spaces 6

Building

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5153006010

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Sean Namigohar Lyon Stahl Investment Real Estate, Inc. #01949705

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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415 Loma DR Los Angeles, CA 90017