Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

30

Building size

17,598 sqft

Lot size

7,825 sqft

Year built

1924

Stories

3

Heating

Wall Furnace

Cooling

None

Status

Active

Days on market

1

MLS #

249137902

About this property

The Westlake Apartments are a well kept, well located 30 unit apartment building in a great rental area. Most of the units have been renovated and are in good condition. Most of the systems have been upgraded, or replaced, including but not limited to, counters, cabinets, roof, windows, electric, etc... The Westlake apartments offers an investor a stable income with limited capital needs. A buyer steps into a quiet, well kept building on a wide stretch of S. Westlake Ave., that offers strong curb appeal, in a great rental area with a stable income for years to come. There's an assumable first trust deed with a below market interest rate available to a qualified investor that adds to this opportunity.

Location

309 S Westlake Avenue

Los Angeles, Los Angeles, CA, 90057