325 S Westlake Avenue, Los Angeles, CA 90057
- $2,450,000
- List Price
- $2,450,000
- Status
- ACTIVE
- MLS#
- 26858511
- Year Built
- 1959
- Lot Size
- 7,746
- Acres
- 0.18
- Days on Market
- 18
- Property Type
- Commercial
Property Description
325 S. Westlake is a 10-unit residential income property, positioned along the Westlake-Koreatown corridor in the 90057 zip code- one of L.A's highest density rental submarkets, just two miles from Downtown LA, and minutes from McArthur Park Metro Station. This property generates $190,286 in gross annual income with rents meaningfully below current market comps, presenting a clear value-add opportunity with identifiable upside. In place rents average $1,577/month vs. market comps of $1,650 - $1,900 (1BR) and $2,040 - $2,480 (2BR) in 90057. Perfect unit mix of seven (7) 1BR + BA and three (3) 2BR+2BA. Each unit gets its own tandem carport parking space in a gated space. Take advantage of this low price per square foot opportunity.
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Additional Information
- Heat
- Wall Furnace
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Jenny Park (jenny@teamcirca.com) from Listing Office: Circa Properties, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.